Remember, as an owner if you hired a professional property management company, it is because you had a need for the services they'll render.  That being said, you should always monitor, NOT micromanage your partner.  Micromanagement may hinder the overall progress and experience ability of your management company to effectively do the job.  Frankly, as an owner your time is valuable, use it wisely.  Focusing on day-to-day operations defeats the purpose of acquiring this type of service. 

 

Make sure not to pass the baton completely, as you don't want to become an absentee owner.  So where do you find a happy medium?  Well, you can draft a reasonable plan of action with your partner(s) and follow-it through. Lack of attention can also be detrimental to your asset(s).  At the end of the day there is value-added to be partnered with a good property management company.  By: Marilyn Viruet