No. 7 – More time for you
Time is money, and your time can be more profitably spent at your day job or finding other investment properties. (And, although the profits aren’t as tangible, your time can be better spent with your family on the weekend or sleeping instead of taking a midnight phone call for an emergency repair.)
A property management company can lease your property, qualify tenants, collect rent, field phone calls, handle repairs, renew leases, enforce the lease, evict tenants and so much more for a comparatively low fee. One lawsuit avoided, one eviction averted, even one less month with a vacant property can cover the cost of hiring a property management company.
Most of our clients come to us because of our leasing and management knowledge but also because they don’t have the time to deal with the day-to-day management of their portfolios.
Property management companies offer peace of mind, the assurance that you can go on with your life without having to worry about your property. That is priceless.