The Value of a Great Property Manager in Multifamily Investments
In a recent conversation with my friend Dave Hulsho, a Commercial Realtor & Investment Specialist, we touched on an often overlooked topic in multifamily investments—the critical role of a skilled property manager.
"Where do you want to deploy your time? If you want to be full-time at it, and this is the best use of your time to manage your own properties, have at them. But most of the people we work with, it's not the best use of their time, and they're not the most efficient at it."
Many investors ask, "Should I manage my properties myself?" For most, it’s not the best use of time. A great property manager handles much more than day-to-day operations; they coordinate renovations, lease units, and leverage contacts in the trades to streamline investments and maximize value.
Hiring a property manager is more than just delegating tasks. They offer valuable on-the-ground support, particularly during renovations, ensuring that projects run smoothly and on time. Property managers' industry connections can accelerate repairs and maintenance, helping you avoid delays that could cost money or tenant satisfaction.
Dave and I both agree—while self-management may seem appealing to new investors wanting hands-on experience, in the long run, a professional property manager is worth their weight in gold. Whether it’s freeing up your time, optimizing your investment’s value, or simply offering peace of mind, they become indispensable. When you’re thinking of expanding your multifamily portfolio, having the right property manager on your team is key to long-term success.

