Owning a rental property can be a great investment, but it also requires a significant amount of time and effort to manage effectively. Many landlords choose to hire a property manager to handle the day-to-day operations of their rental property. But when do you actually need to have a property manager? Here are some situations where it may be beneficial to hire a property manager:

1. Limited Time or Resources: If you don't have the time or resources to manage your rental property, hiring a property manager can be a great option. This is especially true if you have a full-time job or other commitments that prevent you from dedicating the necessary time to managing your property.
2. Multiple Properties: If you own multiple rental properties, it can be challenging to manage them all effectively on your own. A property manager can help you to manage your properties efficiently and ensure that they are all being properly maintained and managed.
3. Distance: If you live far away from your rental property, it can be difficult to manage it effectively. A property manager can be your eyes and ears on the ground, handling day-to-day operations and ensuring that your property is being properly maintained.
4. Lack of Expertise: Managing a rental property requires a certain level of expertise in areas such as tenant relations, maintenance, and legal compliance. If you don't have this expertise, it can be beneficial to hire a property manager who does.
5. Legal Compliance: Rental property owners are required to comply with a wide range of laws and regulations. If you're not familiar with these regulations, hiring a property manager can help you to ensure that your property is in compliance with all relevant laws and regulations.
   
   In conclusion, there are many situations where it may be beneficial to hire a property manager. Whether you're short on time or resources, own multiple properties, live far away from your rental property, lack expertise in certain areas, or need help with legal compliance, a property manager can help you to manage your rental property effectively and ensure its long-term success. If you're considering hiring a property manager, be sure to do your research and choose a reputable and experienced company that you can trust.