You’re busy. You have a growing portfolio of investment homes and you’re trying to decide what to do next. You want to keep growing your portfolio but maintaining what you already have is becoming a challenge.Getting on board with a quality property management company might be your best next move. But is it really worth it? You might be wondering what a property management company can do, that you can’t.
Today, we’re discussing the top 5 reasons to use a property management company. Some of them might surprise you!
5: We Handle the Maintenance.
Whether you live across town or across the globe, there is nothing like the security of knowing that someone has an eye your property.
While your property is occupied, a good property management company will be there every step of the way for your tenants and will respond swiftly to any and all concerns. Park Avenue Properties offers tenants an after-hours emergency phone line and a portal to submit maintenance requests online at any time of day or night. These things, along with the ability to text between our tenants and maintenance team, ensures your tenants will get prompt support.
In addition to being reactive to maintenance requests, a great property management company will help protect your property assets by being proactive with preventative maintenance.
Performing routine inspections on your property while occupied or vacant prevent maintenance issues from lingering and allow the property management company to report the condition of the property. Being proactive with inspections means any problems in your property will get addressed quickly, preventing any additional damage that could arise from unresolved maintenance issues.
The most important thing here is to ensure that your property stays in the best condition possible to protect your financial investment in the property.
4: We Don’t Make The Laws, But We Know ALL About Them.
The legal system is wide and complex, and the laws surrounding property management are not at all common sense.
Think you know the laws around Fair Housing? Do you have the proper rental agreement documents that will legally protect you? What’s the proper legal process for evicting a tenant, should it come to that?
A credible property management company will have a legal council that can handle all of these—and other concerns that may arise.
Because we know the laws and regulations, we can handle the rental process from start to finish with ease, leaving you to enjoy the benefits of your investment without the concern of lawsuits or the hassle of trying to prevent them before they happen.
3: Marketing Team? We’ve Got One.
It doesn't matter how great your property is, it will be impossible to rent if people don’t know about it!
A property management company will have a long reach and will be able to connect with thousands of potential renters in the community. We utilize all the trusted resources, including social media, to spread the word.
In addition, at Park Avenue Properties, we know the importance of making an amazing first impression. As the saying goes, a picture says a thousand words! We uphold high photo and video quality standards to ensure that your property is beautifully presented.
2: We Do Some Investigating.
Protecting your investment matters! Especially when you’re talking about allowing a complete stranger to inhabit your investment.
One of the biggest concerns for investors who choose to manage their own properties, is finding a good quality tenant. As an investor, not only do you want a tenant who will pay the rent on time, but you want a tenant who will treat your property with respect and care, as they would their own property.
By partnering with a credible property management company, you will benefit from a rigorous tenant screening process that includes a criminal background check (including a sexual predator history), a credit check and a rental history screening.
We take no chances with the security of your property and outsource this process to a trusted resource, who will find the most accurate and up-to-date information on your prospective tenants. You will be presented with the findings of the report and, ultimately, you will have total control over who you allow into your investment.
1: It’s All About the Returns.
Each investor is unique and have goals that are specific to them. But, the one goal each of our investors have in common is a desire to see returns on their investment. Whatever your goals are, a quality property management company will help you get there by ensuring you get the best return on your investments. From maintaining the physical integrity of your property, to helping you keep a steady stream of income from your investments, a great company will be there.
It doesn’t get much simpler than that.
Getting on board with a quality property management company will save you time, effort and money.