Reasons to Hire a Quality Property Management Company
Maintaining your rental property is becoming more and more of a headache. You don’t have the time with all of your other responsibilities and your tenants are getting angry and refusing to pay rent. Your significant other suggests hiring a property management company, but that’s expensive, correct? Not so much. And, here are nine other reasons why its worth the investment anyway. If you've owned income property for any length of time, you know that managing a rental can be financially rewarding. At the same time, you've also likely discovered that property management requires a large commitment of time and effort.
You Get Your Time Back When you hire management to take care of your rentals you get your life back. These people are there to handle everything so you don’t have to worry anymore. Sounds great, doesn’t it?
Researching Rents A property management company is responsible for renting out your investment and part of that is offering competitive yet profitable rates. They will get you the best monthly lease payments for your rental.
Advertising/Marketing Once they’ve determined the best rent, it’s also the manager’s responsibility to advertise the rental and get it filled, which leads you to advantage number 4.
Screening Tenants A good property management company will have a set rental application process in place to screen out the bad seeds and plant the good ones in your space.
Collecting Rent Once the property is rented, it’s the manage r’s responsibility to make certain rent is paid monthly. No more chasing after people yourself.
Maintenance Keeping your space tenantfriendly is another thing your management company will cover, including fielding and the and handling all maintenance requests.
Safety and Security If you hire someone to remain onsite, you’ve just given yourself the safety and security of having your property under 24-hour surveillance, if you will. Not to mention rates for onsite managers are less.
ABOUT REALTYCONNECT As the premier real estate agents in Plymouth, we’re here to provide you with all the resources and information you need t o buy or sell real estate. We work with buyers and sellers in Plymouth, Maple Grove, Minnetonka, Hennepin County, Eden Prairie and the surrounding areas and have had extensive train ing in the latest real estate marketing strategies. We’re confide nt that we can offer you knowledge and tools most other agent s can’t.