Question

Which of the following is a good financial reason for hiring a property manager?

a. Property managers are less willing to raise rents than owners are.
b. The life of the property can be extended under a property manager's care.
c. Property managers know how to have damages taken care of without the need for security damage bonds.
d. Although hiring a property manager does not reduce expenses, it does save the owner time.

Answer 1

Hiring a property manager saves the owner time by delegating tasks and responsibilities to the manager.

Step-by-step explanation:

A good financial reason for hiring a property manager is that it saves the owner time, as mentioned in option d. Hiring a property manager allows the owner to delegate tasks such as tenant screening, rent collection, and property maintenance to the manager, freeing up the owner's time to focus on other aspects of their business or personal life. This can be especially beneficial for owners who own multiple properties or have other professional commitments.