Property Management

A property manager is a great way to make life as a landlord much easier. For many busy landlords, this is what makes owning a rental a possibility in the first place.

If you’re a landlord or are considering investing in a rental property, here are nine reasons that you need a property manager.

No More Wake-Up Calls

There’s a problem with your rentals, and as the landlord, it’s your job to fix it. With a property manager, you’ll be able to say goodbye to late-night emergencies. When a problem arises, the property manager handles all the calls.

Tenants issues and complaints

As a landlord, it’s your job to enforce the terms of the lease. Unfortunately, though, this is easier said than done. When a tenant brings in one too many pets or there’s an issue with smoking indoors, things can get ugly. With a property manager, you don’t have to show up and try to reason with the tenant. Instead, let your property manager handle it.

Tenant Screening and Sourcing

Property managers have access to multiple resources that enable them to find new tenants faster, helping you to keep those vacancy rates down. They’re also able to thoroughly screen tenants. They know what to look for and what questions to ask.

Rent

As a property owner, you depend on the rent arriving each month on time. When this doesn’t happen, there’s often a tremendous amount of time and effort involved with tracking down the rent. Letting late rent slide can create a situation where the tenant is able to live in your property rent-free, for as long as it takes to evict them. A property manager will be your no-nonsense rent collector and will take immediate action if the rent is late.

Regular Maintenance and Repair

With a property manager, you don’t have to be the on-call maintenance person anymore. Your property manager will perform routine maintenance for you, preventing small issues from getting out of control. When repairs are in order, the property manager will show up on-site at the first sign of trouble.

Evictions

Evictions are the headache of every landlord, and understandably so. There’s a tremendous amount of red tape surrounding the lawful eviction process. A good property manager is on the ball and able to handle evictions for you — quickly, efficiently, and in compliance with state code and regulations.

Avoid Legal Problems

Keeping up with landlord-tenant law can be tedious and quite costly if you’re not up to speed. New regulations are constantly coming into effect, and staying out of trouble depends upon your compliance with these laws. A professional property manager can handle the landlord-tenant law and able to navigate the various issues to make sure you stay compliance.

Freedom to Invest in more rental properties

Finally, property managers make life easier — so much easier, in fact that you may be tempted to get yourself a few more rental properties. With a property manager, you’ll even be able to invest in properties that are out of town; since you won’t be managing them yourself, it won’t matter where you invest. This allows you to take advantage of more affordable or growing housing markets.

Close watch on Your Property.

Whether you’re out of state landlord or just down the street, keeping a close watch on your property is important. Having a property manager means that your home will be checked on routinely.

Owning rental property can be a great investment. Having a property manager can make your life so much stress free.

 

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