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When it comes to hiring a third-party property management company, there are benefits to hiring local, rather than national companies. According to property management firm P. B. Bell, local firms have more nuanced expertise, including economic growth, housing regulations and industry resources, all of which can impact the value and success of an asset.

“There are diverse benefits to hiring a local property management company to manage your asset, including the fact that a local team will be far more in tune with the economics, growth, nuances, and opportunities in that city,” Debbie Willis, president and designated broker of property services for PB Bell, tells GlobeSt.com. “They will be aware of landlord tenant statutes that can significantly impact the community as well as have wider connections within the city with local brokers and industry experts that can benefit the asset. Local firms live and work within your invested location and have the experience and expertise needed to maximize your asset value.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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