If you have purchased an investment property and are planning to rent it for commercial or residential purposes, you might want to consider our services. If you’re a first-time investor, you may not realize how time-consuming effectively managing that property can be- you may become overwhelmed in no time at all. Even if you’re a veteran investor, you may think you have enough experience to forgo the expense and manage things on your own, only to find out you’re completely in over your head. Both of these scenarios are fairly common, and a property manager can help you with the operation of your property.
Property Requires Commitment
What is the value of your time? If it’s true that time is money, a property manager can be invaluable. Most likely, you know better than anyone just how true this statement is. The majority of investors have more than one investment opportunity going at the same time or are employing at a 9-5 job during the day. How in the world will you be able to be in two places at once? If this is the case, having a dedicated property manager that will free up your time to pursue your money-making opportunities is not only a benefit but a necessity!
You’ll Make More Money With a Property Manager
Many property owners are afraid to hire a property manager because of the cost involved – not realizing they will actually make more money in the long term due to the increased care of the property. You will get better tenants that stay longer and have less damage and repairs to deal with. Your property remains in great shape.
Better Tenants Thanks to Screening and a Bigger Pool Of Potential Renters
If you hire a property manager with experience, they will know exactly how to find the best tenants and screen out potential tenants with a bad history. Property managers have a bigger pool of applicants to choose from due to their extensive marketing and advertising programs. An established property manager will already have waiting lists of potential tenants. The result is better quality tenants in your property faster.
Property Managers Know the Law
How much do you know about the laws that apply to be a landlord? One of the biggest advantages of hiring a professional property manager is the ability to avoid some legal hassles. With a full understanding of all the state and federal laws when it comes to discrimination in screening and selecting tenants, property managers avoid breaking discrimination laws. In the event that an eviction becomes necessary, an experienced property manager will know how to handle it in a way that will save time and money while staying within the boundaries of the law.
Property Managers Serve As a Buffer Between Owners and Tenants
When using a property management company, a property owner is able to keep a professional distance from their tenants. Getting too personally involved can result in being too lenient on certain issues or too defensive about certain types of complaints. Renting out a property is a business and it is much easier for a property manager to keep things on a strictly professional level. When issues arise, a professional property manager is better prepared to deal with the problem effectively.