There are different factors as to why you would or wouldn't hire a property management company. If you are a remote landlord and you own a single family home, it's not a bad idea as the company will take care of continued lawn maintenance, handle middle-of-the-night emergencies, plumbing, electrical problems that can be a hassle from afar, as well as, take care of getting and depositing rent checks, etc. (however now with the ability for tenants to deposit/transfer rent right into your account, that's not so much of a big deal). If you are renting a condo and the condo building takes care of all exterior items and your only responsibilities are the appliances, then it may not be worth the money to hire a management company. If you are local, then it depends how much responsibility you want to have. Hope this helps!