Maximize your return on money: Most property managers charge a percentage of your property's monthly rental fee in exchange for their services. The rate typically ranges from 6 to 10%, which is generally less than the money you save by hiring a professional to take care of your property.6. Financial Record Keeping: The property manager also manages the daily record keeping of financial transactions relating to the property.7. Property Laws and Regulations: A property manager has up-to-date knowledge of property laws and related regulations.8. Inspection reports: Property managers must carry out daily inspection of properties so that in case a fault is detected it can be easily researched.9. Allow the owner to invest in geographically distant properties: In most cases, owners are not able to invest in properties outside their home area, but by hiring the property manager it becomes easier to invest in geographically distant properties.10 . Collect and deposit monthly rent payments on time: The property manager must also collect monthly rent payments from tenants and deposit them into the landlord's account.11. Sharing responsibilities: A property manager also shares the responsibilities of the property owner so that the burden is on the owner