5 Reasons to Hire a Property Manager
Apr 03, 2013 09:46AM
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1. Handling late payments
If the renter is properly screened, you should not have trouble collecting rent. However, some renters do pay late. Even those that are thoroughly screened. In these situations, your property manager can be the “bad cop” when it comes to chasing the rent and will ensure its collection every month. Whether it requires a phone call, a visit to the property or serving notices, collecting rent is part of the management agreement.
Your property manager will have access to a network of professionals for whatever product or service may be needed, including attorneys, insurance agents, contractors, pest control companies, to name just a few. Your property manager will be able to refer you with confidence to the right person to meet the needs of your property.
Let your property manager evaluate vendors and suppliers, which means ensuring proper licensing, insurance and skills, are in place. Just as with renters, failure to properly screen vendors can be a costly mistake.
An experienced property manager will have managed dozens of properties similar to those contained in your portfolio. Your property manager will be able will be able to draw upon experience and make appropriate decisions based upon your particular property and the current market.
4. Legal needs
A professional property manager will have extensive knowledge of property management law, which is important to properly handle situations that may arise at your investment property. Your property manager will have a close working relationship with one or more attorneys who specialize in landlord/tenant law.
5. Make the most of your time
How much is your time worth? Your property manager will save you plenty of time and that’s time that can be spent finding other investment properties, focusing on your career, or being with your family. Your property manager also saves you from being bothered at inopportune times. Who wants to receive a maintenance call at 2 a.m. or while you are attempting to relax on vacation.
— Briana and Dan Ferguson, of The Ferguson Group, Inc., specialize in residential property management in the Roseville area.
The Ferguson Group is your locally owned and operated full service residential property management and real estate company. We can assist you with all of your buying, selling, leasing, and property management needs. We offer complete property management services for your condominium, single family dwelling or 1-4 unit building. We serve the areas of Sacramento, Placer, and El Dorado Counties. We maximize your rental income and occupancy rates, and manage all of the details, so that you don't have to deal with the stress and problems that can arise when managing residential real estate.
Our clients have the comfort of knowing that our staff is the most qualified to handle any and all aspects related to the proper management of their most valuable assets.
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