I have heard a lot of horror stories of trusting property managers with your rental properties. However, they are a necessary evil, and when I start accumulating more properties there will be a time when I will transfer everything to them.
But for now, I am happy doing it myself. It is pain to get a new tenant , and I realize why a min one year leases are so desirable. I have one tenant moving out on the 31st, and today, I have a new lease with a year lease starting August 2nd! Only a vacancy of two days is great!
I must of got at least 30 calls for this unit. Here's a secret. Use Craigslist.com
Its free and its very, very effective. I've filled three tenants using this alone. Its amazing, its more effective than paying a $75 a week ad in the local paper.