Property Manager – Yes or No
How do you know if you should hire a property manager or not? As with most real estate, you can do so much on your own, so why hire someone? Here are a few things to consider:
- Professional Advice – A good property manager is in touch with the changing real estate markets, rental trends, and has the most accurate data to help ensure you are maximizing your investment.
- More Free Time – Have you every figure out how much time you invest in your rental property? Between advertising, screening applicants, choosing someone, collecting deposits and rents, taking calls when there are issues with the property, fixing things or making the calls to get them fixed, dealing with the turnover when one tenant leaves, etc. Your property manager will take care of all of this for you, keeping you informed along the way.
- Meeting your goals – Working with your property manager can help answer questions about your priorities when it comes to your rental property. For instance, they may want to talk to you about whether you prefer to maximize your investment each month, or are you more interested in the long-term asset value. Whatever your goals, your property manager will help you work toward achieving them.
- Fair Housing Act – Your property manager will be up-to-speed on the Fair Housing laws that all landlords need to be in compliance with. The property manager will have a system in place for ensuring that those laws are followed and that there is no accidental discrimination.
So, Property Manager – Yes or No? If you would like to visit with our property manager more before you make your decision, you can contact Stacy Garcia. Stacy is working with those people who need managers for short-term, mid-term, and long-term rentals. She can help you decide what is best for your property, ensure that whatever rental situation you would like works for the zoning area, and work with you to make strides toward reaching your goals.