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Cost Saving Benefits of Hiring a Property Manager
In a recent ad campaign, Real Estate Dynamics accurately defined the role of the ‘right’ property manager as “Every day, I help increase the value of someone’s hard earned investment.”
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Employing the services of a PM company is often considered as an added and regular expense but it often saves investors considerable amounts of money.
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REDUCED VACANCY RATES Recent studies show that professional property managers, on average, are able to maintain lower vacancy rates than the national average. The vacancy rate with a professional is 5.5% while the U.S. Census Bureau average is closer to 9%.
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ECONOMIES OF SCALE Professional property managers make bulk purchases, longterm purchase agreements to acquire the cost advantages that larger enterprises can obtain. Whatever services and techniques they employ, the savings is passed along to the owner.
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TIME IS MONEY Time is the most considerable factor for a property manager. Property managing is a full-time job with a considerable learning curve that takes even more time to overcome. One can deal with the day-to-day responsibilities while still benefitting from the cash flow by hiring a property manager.
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Looking for the right property manager in Kansas City? Visit www.propertymanagerskc.com Call: 1 816 228 8222 E-mail: rosettaeparker@premiermgmtinc.net
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