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Do I Need a Property Manager to Rent My Home in Tucson?

Property managers simplify the process of renting out your home because they handle all of the day-to-day obligations, from collecting rent to hiring handymen to fix anything that goes wrong in the property. When you own a home in Tucson that you would like to rent out, you can get a property manager or do it yourself.

Legal Obligations

    Tucson has no laws that require you to use a property manager to rent out your home in the city. Therefore, you can choose to use one if you like, but you also have the option of interfacing directly with the tenants yourself. If you do not use a property manager, familiarize yourself with the Arizona policies for residential landlords, including non-discrimination when screening potential tenants.

Proximity

    One of the major considerations you should focus on when deciding whether to hire a property manager is your proximity to the rental home. Ideally, you should live in Tucson if you are not using a property manager. You could live as far away as the Phoenix area, which is about a two-hour drive, and still be able to go to the property occasionally when tenants are moving in or out. However, even if you are in Phoenix, you need good relationships with people who do any repair and cleaning work to ensure that it is done well without your supervision. If you live farther away than Phoenix, you are probably best off hiring a local property manager in Tucson.

Cost

    Property managers typically charge between 6 and 12 percent of the monthly rent on an ongoing basis, plus extra fees for screening tenants and moving one in each time you have a change in occupancy. These fees could significantly cut into your rental profit, especially if you have a high tenant turnover, which is common if your property rents to college students attending a nearby school, like from Tucson's University of Arizona.

Time and Expertise

    Managing a rental property on your own can be a significant burden on your time and energy. You need to be available by phone frequently in case your tenants have problems, and you need to know of good contractors in many different realms or be handy yourself in order to solve these problems. In addition, the intricacies of writing rental contracts, checking applicants' credit and, if needed, evicting tenants might be better handled by a property manager with more experience in the field.


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