As a landlord you might consider hiring a property management company for your rental properties. What are the advantages to hiring a property management company and what exactly would they tend to? Far West realty would like to share the benefits of hiring a property manager and how it save both you and your tenants a lot of hassle.
A rental management company will take care of tenant related issues.
A good rental management company will screen any new potential tenants, manage monthly payments and reminders, and deal with tenant related problems that a landlord might find unnerving. You don’t have to worry about uncomfortable situations like house visits and evictions as the management company will do all of this for you.
You do not have to play handyman.
Another factor that is taken into consideration is the repair and maintenance of your building. The management company will take care everything, from hiring professionals, to the scheduling that is required to keep a property well maintained. This is a full time job in itself can save the budding landlord from a lot of frustration and heartbreak.
Monthly management will pay it for itself.
It would be a good idea to support the cost of a property manager in your next property buying decision. It would also be useful to use a rental property manager with an existing property to save you from the hassles of a landlord and allow you to spend more time in growing your business instead of micromanaging it. Make sure you can at least afford to give %10 of your property’s monthly cash flow to support it.
If you own properties in the Prescott city area and don’t want the responsibilities of a do-it-yourself landlord, you can call Dave at Far West Realty, and we’ll be happy to show you what we can do for you in managing and preserving your rental property. Contact us at (928) 772-9400.