Why Hire a Property Manager?

Property Management requires a large commitment of time and effort. Ask yourself the following questions before deciding if you should manage your property on your own or hire a professional.

1. Are you setting the correct rental rate for your home?

A good rental property manager will conduct a thorough market study to set a rental price for your property. This ensures that you achieve the perfect balance between maximizing monthly income and maintaining occupancy.

2. Can you market and advertise your property effectively?

A property manager will know exactly where to market your property and how to advertise. This is a significant advantage when it comes to filling your properties quickly and finding the right tenant.

3. Will you find the right tenants?

Property managers are experts at finding good tenants! Securing a financially stable and trustworthy tenant can be a process, but with a property manager in your corner to secure criminal background checks, credit reports, employment history and previous landlord references you’ll be sure to have a peace of mind.

4. Are you prepared to take on the day-to-day tasks of managing a tenant?

You’ve found the perfect tenant, now what? In addition to finding good tenants, a property management company will manage all aspects of the tenant-landlord relationship. From lease preparation to routine and emergency maintenance hiring a property manager saves you time and money. Property Management companies provide detailed income and expenses reports every month to keep you organized and save you from book-keeping headaches. Additionally, property managers will also manage your security deposit funds and have efficient systems in place to effectively collect rent and maintain on-time payments.

5. Are you up to date on housing regulations and property laws?

There is a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property. These include local, state and federal regulations, as well as fair housing regulations. A property manager can help you avoid lawsuits by keeping your property up-to-date and in compliance with regulations and laws.