Far West Realty - Rentals and Propery Management in Prescott
 

The ups and downs of property management from out of town

For expert property management in Prescott, contact Far West Realty. Prescott is certainly a desirable place to own and rent property. If you live out of the area or out of state there are things you should know about managing property from afar. You already know that managing property and renters is a lot of work with unique challenges, but doing it from a distance brings a different set of challenges. Far West Realty explains the ups and downs of Prescott property management from out of town.

You may have come to own your Prescott property through inheritance or through a deliberate choice to own investment property in beautiful Prescott, AZ. Whatever the case, you manage renters and property in a different location than where you are located. Ideally, you know the Prescott market well enough to get maximum return on your investment. Knowing the market will allow you to set realistic financial expectations and properly marketing the home.

Start small
Just like anything else, it may be wise to start small in a market you are unfamiliar, but if you find yourself as an investment property owner out of town, hiring a property management firm may just be the best money you ever spent.

Managing local is much easier
There are some things that are just difficult to do from a distance. Two of the constants of owning investment property are maintenance and finding new tenants. Both are hard to do from a distance. Hiring local contractors that you trust to do maintenance and fix things that come up from time to time, can be a challenge, and it is nice to have trusted vendors.
As for bringing on new renters, face to face is the only way to go. You can avoid a lot of trouble by meeting your renters and letting them knowing you are local. Obviously, the solution to both of these issues is hiring a local, trusted property management firm.

It may just pay to hire a property management firm
It is natural for you to want to do it yourself, but it may actually save you money to hire a local firm. They will be able to stay on top of all maintenance issues with trusted and vetted vendors. Knowing the local market, they will be able to properly market your property and get the best rent, as well as screen and properly select the best tenants. All of these combined might just save you dollars and headaches in the end.

If you are out of town and/or state and would like to discuss the possibility of a reputable Prescott property management company to take over your investment, look no further than Far West Realty. You can trust the experts at Far West Realty to handle your investment properties in Prescott with care and quality

 

Posted to: Far West Realty’s Property Management Division

 

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Review:
"We have very much enjoyed our apartment as renters with Far West Realty for several years now, and are happily satisfied in our dealings with Dave Hamill and his staff...." read more
- Tammy and Jim
 
Review:
"Working with Far West has been a pleasure. Dave and his office were responsive to questions and needs throughout my three years leasing from them. ..." read more
- Jim Bogner
 
Review:
"Dave Hamill at Far West Realty was my property manager on a single family house for several years. As an out-of-state owner, I relied on Dave for everything: tenant..." read more
- Kent
 
Review:
"I have been using Far West to manage my rental in Prescott Valley for approximately 7 years. I live out of the area know that things are being taken care..." read more
- Korina Elliott
 
Review:
"Dave Hamill and his team at Far West Realty have managed our property in Prescott Valley for the past five years. It has been an all around pleasant and worry..." read more
- Terry & Carol Bourque
 
Review:
"Dave Hamill and his team at Far West Realty have managed our property in Prescott Valley for the past five years. It has been an all around pleasant and worry..." read more
- Terry and Carol Bourque
 
Review:
"Dave, Re: Our Experience with Far West Realty We have had an excellent experience with David Hamill and his staff at Far West Realty. The goals of the owners and..." read more
- Ken & Diana Turner
 
Review:
"We originally contracted with another Property Management house in Prescott, but they proved that they were incapable of doing even the most basic of jobs (like keeping the power turned..." read more
- David Hresko
 
Review:
"I was a commercial property manager/leasing agent for 26 years in Newport Beach and I well know that it takes some very special skills and abilities in order to manager..." read more
- Cathy M. Prescott, AZ
 
Review:
"I\'ve had Far West for my property management for several years. They take care of everything and send me a check! They schedule regular inspections so that I..." read more
- Theresa Williams
 
Review:
"I have been associated with Far West Realty since it opened. Dave has handled my properties and he is excellent. This is the third property management company I have dealt..." read more
- Jane Deleeuw
 
Review:
"Great, dependable, and honest people that meet the needs of their customers..." read more
- Alex Spence
 
Review:
"Prior to using Dave Hamill at FarWest, I went thru so many management companies. I have been with Far West for many years now! When Dave says he..." read more
- Bernadette Lafferty
 
Review:
"My wife and I have used Dave's services since we bought our property in 2011. As absentee owners, we were concerned about managing our rental property and Dave and..." read more
- Larry Blachut
 
Review:
"Best property manager in Prescott area. Dave handled all aspects of the Leasing and managing of our single family home As an out of state owner,..." read more
- Judy Rosenberg
 
Review:
"Far West Realty has been my property manager in Prescott for the last six years. Dave Hamill and his crew have done a good job for me. They..." read more
- Jim F. Austin TX
 
Review:
"David Hamill is very conscientious and professional. If you are considering Far West Realty for property management services, you will be pleased with their expertise, care, and attention.  Your financial..." read more
- Kent K. Newport Beach, CA
 
Far West Property Management 5 out of 5 based on 17 ratings.
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars We have very much enjoyed our apartment as renters with Far West Realty for several years now, and are happily satisfied in our dealings with Dave Hamill and his staff. The very few concerns or problems we have had with our unit have always been met with real consideration and responsiveness. Further, Dave and his staff are readily accessible and always courteous. Tammy and Jim
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars Working with Far West has been a pleasure. Dave and his office were responsive to questions and needs throughout my three years leasing from them.
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars Dave Hamill at Far West Realty was my property manager on a single family house for several years. As an out-of-state owner, I relied on Dave for everything: tenant selection, lease negotiation, recovery when a former tenant didn't pay the last month's rent, cleaning, maintenance, marketing, managing repair work, etc. Dave and his team were always professional, courteous, competent, and just nice people. I wholeheartedly recommend them!
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars I have been using Far West to manage my rental in Prescott Valley for approximately 7 years. I live out of the area know that things are being taken care of. I have complete faith in Dave and his team in the oversight of my property. They are thorough and very prompt in any given situation. I love the fact that I know that the house is being taken care of with TLC. You can't put a price on piece of mind and that is exactly how I benefit from using them. I would strongly recommend using Far West for your management needs. You will not be disappointed.