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.”

Despite the benefits of hiring a local team, many property owners turn to national firms for property management services. Willis says that this is really about convenience. “Logistically, it may be easier to use a national firm rather than a local one if an owner has assets across the country,” she says. “But does that convenience outweigh the benefits? In our opinion, it does not. It may also be more difficult to find the top performing local management companies. Everyone knows the large, national firms, but finding the local expert can take a bit more work.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.