When property owners take on multiple investments, one of the most significant decisions they'll make is if they need to hire a property management company. If you only own one property, it may not be necessary.
However, if that one property is in a state where you don't reside, that's a different story. People acquire investment property for a myriad of reasons and their need for property management companies are just as varied. If you've often wondered whether you should hire a property manager, it’s essential to do some homework first.