As a property owner who rents their property out to tenants, you probably already realize how important having some management help for your property can be. However, you may not realize that you have two completely different alternatives in property management companies. You can go with either a small property manager or a giant corporate property manager today. Although both of them share many of the same duties, the manner in which they fulfill these duties may be totally different. Below, you can learn about how small and large property management companies stack up against each other.

Small Property Management Companies: The Personal Approach

You may want to go with a small property management company in circumstances such as:

• When you have only a few properties, or just one property
• When you want a local property management company
• When you want to do some of the landlord tasks yourself

Small property management companies are often owned and operated by just one person, or by a very small staff. This means that your property managers will really get to know you, and that you might feel more comfortable going to them with concerns and questions. Since many small property management companies are local, you can even interact with them in person if necessary.

A small property management company will often do paperwork individually rather than automating everything like a large property management company might. The bottom line is that your property may get more individualized attention with a small property management company. Your tenants can also benefit from this individualized approach. For example, when tenants have concerns, they may find it easier to make phone calls to a live person when the company is smaller.

Large Property Management Companies: The Large Scale Approach

A large property management company may be ideal in situations like:

• When you own multiple properties, especially if they are large properties
• When you want your properties to be serviced at specific intervals
• When you want to leave the property management tasks entirely in the hands of the management company

A large property management company is usually highly efficient, but it won't be a personalized experience. You will probably have a dedicated account manager who always deals with all the different properties that you own. This person will usually be your sole point of contact within the company.

Everything with your properties may be completely automated with a large property management company. Maintenance will usually be performed at specific intervals. For example, the property management company may hire a landscaping company that visits the property two times monthly on previously established days. You won't have much involvement beyond reports that your management company creates for you.

If you want to use your rental property as a hobby that generates a bit of extra money, a small property management company may be right for you. It allows you to keep your hand in it, while still having help when needed. On the other hand, if you plan to be a real estate titan, a large property management company may be a great fit for you. Be sure to contact management companies of both sizes to discuss what they can offer before you make your final decision! Visit a website like http://eastvalleypropertymanagement.com/ to learn more about hiring the right kind of property management company.