If you own an investment property (or you’d like to) you’ve probably heard a bit about property management. To some, property management companies might just seem like another expense: something else to pay for and worry about. Others, however, see the bigger picture.
While it will take a little work to find a good property management company, and you will have to pay for their services, many property owners find that, in the long run, hiring a property management company was one of the best choices they have made.
Still need convincing? Here are 3 big reasons why you should seriously consider hiring a property management company to help you with your investment property.
You might think that “marketing” your investment property requires little more than a quick post on Facebook every now and then. The truth, however, is that marketing requires careful planning and precision in order to be truly effective. A property management company can help you determine which kind of tenant is most likely to be attracted to your property, and where you should list your property in order to find those renters. They can also help you out in terms of scheduling showings for the property—which, if you’re doing it on your own, can become a big headache, really quickly.
New tenant management.
A property management company can help you screen your new potential tenants, a huge step in making sure your tenants are going to take good care of your property and be able to stick to the terms of your lease. They can also help you make sure that your lease covers everything that it needs to cover, so that you can feel confident about the agreement you reach with your tenants. This goes a long way towards setting the stage for a successful relationship between you, your property management company, and your tenants.
Tenants constantly late with their payments? Concerns about a “long-term” guest? Emergency plumbing problem? Typically, these are all problems you would have to personally deal with. Of course, these problems can become tricky, very quickly. When you are solely responsible for dealing with these issues and enforcing your lease, you may quickly become “the bad guy” in your tenant’s mind, which isn’t good news when it comes time for them to decide if they want to renew their lease. A property management company can handle all of these issues for you—everything from rent collection, emergency repairs, and even evictions. It’s the best, most reliable way to take care of your property, without ever having to deal with the awkward situations.
A property management company can make all the difference when it comes to making property ownership as painless (and as profitable) as possible. If you’re still unsure about hiring a property management company, give Real Property Management a call at 480-719-1243. We’d be happy to answer any questions you have about property management services, as well as give you a free management quote for your property. We look forward to speaking with you!