If you're thinking of buying a rental property, it's important to decide whether to hire a property manager. It's the right move for many investors - but for others, not so much. This guide outlines the pros and cons of hiring a property manager for your rental so you can make the best possible decision. What Does a Property Manager Do? Property managers handle virtually every aspect of running a rental. They can put it on the market, find and vet tenants, and handle everything for you after your new tenants move in. They typically collect rents, negotiate lease terms