Reasons You Should Hire a Good Property Manager

Property management protects your investment!

Chances are you are looking to maximize the profit from your investments as well as maintain and increase the value of your properties. Here are some reasons why you should hire a property manager:

• You’ll Make More Money With a Property Manager

Many property owners are hesitant to hire a property manager because of the cost involved – not realizing they will actually make more money in the long run due to the increased care of the property.

• Property Managers Will Save You Lots of Time and Headaches

How much time does it take to be your own landlord? Could you be making better use of your time?

It can be a full-time job to track rent payments, collection of payments, collect late fees, deal with complaints and repairs, prep the property for new tenants, find vendors, and deal with bad tenants. It may also become a source of constant stress. Giving up these ongoing responsibilities to a good property manager can allow you to benefit from your investment without sacrificing your time and health. You will have freedom instead of being tied-up on managing your
properties.

• Finding the Right Tenants

If you hire a property manager with experience, they will know exactly how to find the right tenants and screen out potential tenants with a bad history. Property managers have a bigger pool of applicants to choose from due to their extensive marketing programs. An established property manager will already have waiting lists of potential tenants – the result is better quality tenants in your property faster.

• Property Managers Know the Law

How much do you know about the laws that apply to being a landlord? One of the biggest advantages. In the event that an eviction becomes necessary, an experienced property manager will know how to handle it in a way that will save time and money while staying within the boundaries of the law.

• Property Managers Serve As a Buffer Between Owners and Tenants

When using a property management company, a property owner can keep a professional distance from their tenants. Getting too personally involved can result in being too lenient on certain issues or too defensive about certain types of complaints. Renting out a property is a business and it is much easier for a property manager to keep things on a strictly professional level. When issues arise, a professional property manager is better prepared to deal with the problem effectively.

• Housekeeping and Maintenance of the Properties

Regular housekeeping and maintenance inspections can help reduce the risk of potential problems in and around the properties. Cleaning and maintaining your own house isn’t the same process as cleaning and maintaining a rental, because the latter requires much more attention to detail and offers less margin for errors.

• Your Time Is Valuable

Odds are that you have significant demands on your time. You probably have a full-time career, family responsibilities, and much more to deal with every day. Every minute you spend dealing with tenants is a minute you could have spent doing something else. Here’s an aspect to freeing up your time that’s not often mentioned, but it should be. Suppose you don’t have to answer midnight calls to fix a leaky faucet or spend a weekend running down a contractor to clean up the mess left by a fallen tree. In that case, you could be focusing on finding more investment properties to purchase, which could considerably increase y
our income.

At Firoz Property Management, we are all about helping investment property owners maximize their income and minimize their headaches. Please give us a call at 01252988517 or send us an email at hello@firozpropertymanagement.co.uk.