Why do you need a Property Manager?
Property managers maintains your property, looks for tenants to lease your real estate, collects the rent and even decides who should stay or not stay in your property. If you think about it, they are your cushion against the headaches and migraines of looking after one of the best investments you can ever get into.
The decision to use a professional property management system is a simple cost efficient one. Not only are professional property managers experts at handling properties and tenants, they generally take only a small percentage of your property’s monthly rent in exchange for their services. In return you would get a hassle-free, essentially passive income, stream—the decision to employ a professional property management is a no-brainer for the majority of rental property owners.
As the owner of a small-scale rental property, you may be on the fence about whether or not to use a property management company. Especially if you’ve never managed an income property, it can be tempting to assume that property management duties amount to “find tenants, sign lease, receive rent check,” along with handling some minor maintenance issues from time to time.
In reality, managing tenant relations, staying on the right side of the law, being on call for any emergencies that come up, staying on top of home maintenance, conducting periodic property inspections, and handling the accounting and taxes can be a time-consuming effort.
Professional property managers have developed systems that allow them to manage all of the above with maximum efficiency. Their expertise allows them to prevent problems before they arise, as well as handle any issues that do come up with minimum disruption to your revenue stream.