Owning a duplex is a great way to get involved in real estate and rental properties without owning a lot of properties at once. A duplex typically only has two rental units side-by-side with a shared or divided yard and brings in a great potential profit if you choose to rent both sides of the duplex out. You can also choose to live in one side of the duplex and rent out the other to make money and cover your own mortgage.

Even though you don't have many properties to take care of, you still have a lot of work ahead of you as a landlord if you don't accrue some help. This is where property management companies come in. Learn why you should hire a property management team to take care of your duplex.

You don't have to worry about working with your tenants

A property management team will take care of everything regarding keeping your duplex occupied, from collecting rent from current tenants to posting advertisements to find new tenants and interviewing new people for your duplex when it's vacant. If you want to only worry about depositing the rent from the tenants of your duplex and you don't want to work with your tenants face-to-face, hire a property management team to assist you.

As a bonus, your team will handle the eviction of tenants who don't pay and can even be hired to get duplex units cleaned and readied for new tenants when they are vacated. You'll pay the property managers a fee for their services, which is usually around 5% to 10% of what you bring in monthly for rent. This can be a worthy investment if you don't want to have to worry about your tenants every day or you have a day job and don't have extra time to care for your duplex units.

You make yourself more professional to potential renters

Renters may be more likely to rent your duplex if they know they are working with a professional property management company than if they are renting from some other person. This is because they know that a property management company is experienced in dealing with tenant needs and repair issues in a rental and will take the time to care for their needs as opposed to another individual who has their own life to worry about on top of their rental. At least until you become a skilled landlord with some experience, hire a property management team to assist you.

You can have more freedom and protect yourself against being overwhelmed by your renters if you hire a property management team to assist you. Fees vary depending on where you live and how the market is in your area.