Should I hire a property manager?

Question 1 How many rental properties do you own? 1 2-4 4-10 10+

Question 2 Is your rental property out of state or out of town? Yes No

Question 3 On a scale from 1 to 5, how experienced you are in managing rental properties? 1 2 3 4 5

Question 4 When it comes to renovations, refurbishing, and maintenance in order to bring your property in rent-ready condition, which of the following statements applies best to you? I do not wish to invest in my rental property at all. I would like to invest only for basic renovations from time to time. I am willing to invest upfront in order to increase the rental value of the property on the long run. I cannot afford to invest in my rental property upfront.

Question 5 When it comes to the relation with the tenant, which of the statements below describes you best? I would prefer that I am not in contact with the tenant at all. I would prefer to be in contact with the tenant at all times. I prefer to be in contact with the tenant only when there are critical issues to solve. Being in constant contact with the tenant is very important to me.

Question 6 Let's assume that you are working with a property manager and the time comes to repair or maintain the rental. Which of the following statements applies best to you? I prefer to reach out to a friend and acquaintance for maintenance and repairs, so that it is cheaper. I have my own preferred vendors that I always use on my rental, and I prefer to keep those. I am fine with the property manager using their own professional vendors to repair and maintain the property. I do not want to be involved in the maintenance and repair of my rental at all, and prefer to delegate the responsibility completely.

Question 7 Assuming that you hire a property manager, you feel more comfortable when the rental rate is: Established by the property manager based on market data and similar neighbouring properties. Set only after the property manager consults you and listens to your opinions. Established by you alone, as you know best what the property is worth on the market.

Question 8 What financial goals do you have with your rental? I have not thought of that. I want to achieve financial freedom as soon as possible. I am using my rental to supplement my income. I am an investor looking to grow my portfolio.