[WPOZZZ]

Originally Posted by Evans, Marv

For one property or a small number of properties locally, I can't see any reason for a property manager. I started with property management and soon decided I didn't need it since it insulated me from the tenants and I could do the maintenance/repairs myself and was perfectly capable of contracting out the larger things. If their behavior is breaking some kind of HOA rules, I'd let them know. I imagine that defines breaking the terms of the lease too. If we were talking about multiple properties out of state or something, property management might be the best option.

Exactly! I have about 40 properties so I have a PM that takes care of the lease and rent payments. They send me a check every month and take a small amount (3%-6%) for their services. Some people think this is foolish, as I do the actual management and the PM gets paid a bit for collecting rent. The pro for me is if there is a problem, they have an attorney on staff and I don't have to pay for attorney's fees.

As for the tenants driving, I would think the HOA has rules and a fine/ticket procedure. The tenant would get the ticket or warning from the HOA and would be put on notice regarding their driving.