A competent property manager can add significant
value to your investment, which is why many seasoned
real estate investors will tell you that a good management
company is worth their weight in gold.
- Lower maintenance and repair costs
- Good maintenance and repairs keep tenants happy and preserve the value of
your investment which make them a very important part of land-lording.
- Increase the value of the investment
Preventative maintenance is achieved through putting systems in place that
catch and deal with maintenance and repair issues early on, before they grow
into larger more costly problems
- Shorter vacancy cycles
A property manager will help you perform three critical tasks that affect how
long it takes to fill your vacancies:
Improve and prepare the property for rent - A property manager will suggest
and oversee cosmetic improvements that maximize revenue.
- Better tenant retention
A good property management company will have a time-tested tenant
retention policy that ensures happy tenants with lengthy stays in your
- Tighter rent collection process
The way you handle rent collection and late payments can be the difference
between success and failure as a landlord.
- Personal benefits for owners
Less stress - Avoid having to deal with middle of the night emergencies,
chasing down rent, evicting people from your property,
tenants who wreck your property, rental scams,
lousy vendors, piles of paperwork.