As you may know, property management companies are considered a huge asset to rental property owners. In fact, according to Fortune Business Insights, the global property managing market is projected to grow from $19.33 billion to a whopping $37.25 billion by 2029. There are, however, many myths surrounding property managers that can muddy the waters. Let’s look at some common myths about this industry to set the record straight.

Myth 1: It's Too Expensive

Your rental properties are an investment, so it's natural to want to make as much money from them as possible. Property management services are often one of the first places to go when owners attempt to cut costs. However, when you consider the amount of time many of these services save and how that time could be invested into other projects or business ventures, you can see how this is simply another type of investment. Time is money, after all. The more of it you have, the greater your potential for financial growth.

Myth 2: If You Live Nearby, You Can Handle It All Yourself

At APM Real Estate, we offer a wide variety of services including leasing, tenant screenings, property inspections, repair coordination, emergency services, delinquency notices, and much more. We have decades of experience providing these services, so you can count on us for everything your property needs to run smoothly. Managing properties requires a great deal of expertise and effort beyond doing inspections and negotiating leases.

Myth 3: Property Management Companies Are All Same

While you can count on us for the variety of services listed above and then some, the same isn't true of all management companies. Depending on their experience and the needs of their local market, you'll find a difference in the services they offer, their limitations, and the options they provide to get the job done. As a full-service property management company, APM Real Estate aims to be the one-stop shop for everything Philadelphia owners need. Be sure to clarify the services offered by your management company if you're unsure about their capabilities.

If you're looking for property management services in the Philadelphia area, we can help! Contact our team at APM Real Estate today to get started. Our team would be happy to discuss your needs.