While increased ROI on rental properties is far from the only reason to hire a professional property manager, many property investors want to see clear monetary benefits before hiring a management company. Based on a recent survey of 300 property managers, it's clear that professional property managers are paid because they know how to reduce vacancy.

According to the US Census Bureau, the national average rental vacancy rate hovers around 9%, while our survey reveals that the average vacancy rate for professionally managed properties is about half that, coming in at 4.5%.*

The recent survey also confirms that average turnover costs total about $2,000---double that when there is an eviction, or similarly challenging tenant situation, involved. Pair this with other advantages of hiring professional property management, which include time savings, the ability to command higher rents, and improved maintenance at lower costs---just to name a few---we think payoff from using a professional property manager is clear. It's the best investment for making a solid real estate investment.

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*According to our survey, the median vacancy rate reported by our nationwide network of property managers was 4.5%. Reasons cited for this performance was a)local market knowledge b)screening for high-quality tenants c)superior customer care during tenancy d)swift action against delinquent tenants and e)longer lease periods.