There are many decisions that you will need to make when investing in real estate. One of those decisions, for those handling rental properties is whether or not you need a property manager.
Property managers have many uses and are a great idea for those who have many properties to handle and wish to have a life away from their real estate investing businesses. A property manager is your buffer between your tenants and your family.
The benefits of a good property management service are quite numerous.
To begin with, you will find that they eliminate the need for tenants to have your phone number. If you've dealt with rental properties before without the buffer of a property manager you are surely aware that it doesn't matter what time of night or the morning things go wrong, you are the first person your tenants call to fix those things.
A property management service is able to handle many things for you while letting you sleep through the night. It's no small favor when you consider the multiples of tenants as you purchase more properties.
After a few late night phone calls, many rental property owners are almost ready to get out of the business of renting properties.
Property management services also often happen to have a qualified staff of maintenance people that can handle many of the things that go wrong with rental properties.
The fee for these services may be included in your fees for the using the property management service in general or certain services may charge additional fees.
source to find contractors to handle the repairs they cannot make for you as well as the repairs that they can. It's nice to know that you won't be getting up bleary eyed in the morning calling around for a plumber on the first exceptionally cold day of winter.
Moreover it's nice to know that someone else can deal with some of the negative things about owning rental properties.
My personal favorite reason to seek the services of a property management service is that they are qualified to handle the legalities of taking care of tenants who cannot make the rent for months on end.
This is after all a business, and while you can relate to the circumstances that leave some people unable to pay their rent you need the income from their property in order to make your bills. It's much easier to leave some of the less pleasant tasks to someone else, especially if you are a softy for sob stories.
Professional property managers also handle the advertising for your property and the cleaning up and retouches that are necessary between tenants.
They also allow you to take vacations and such filled with the knowledge that your properties and tenants are in good hands even when you aren't there to oversee everything.
Everyone needs to take a break sometimes it's nice to know that with a reliable property manager you can actually sit back and relax while taking those breaks without worrying about all the particulars of the properties you own so far away.
If you are going to invest in real estate, this is one of the most worry free ways you can do it. The more properties you have, the more sense it makes to utilize the services of a reliable professional and affordable property management company.
The Lease Collection offers the Most Affordable Professional Property Management and Tenant Placement Services for Multi-Unit and Residential Properties in Washington DC, Maryland and Virginia. We guarantee the best price or we will match the competition so you can keep more money in your pocket and increase your bottom line.
With top-notch software and equipment, the company uses their In-House Marketing Software to display your rental property on over 230 rental listing websites and they also have Affordable, Licensed Contractors for any repairs needed and more.
We simply take care of everything for you such as listing your property with guaranteed high resolution images, finding quality tenants with a 9 month guarantee of rent payments, conducting full tenant screenings, collecting rental payments, scheduling 24/7 maintenance requests, drafting the legal document and much more. In short, the company professional management team and agents will represent and serve you while keeping you updated along the way.
For More Information about The Lease Collection Affordable Tenant Placement and Professional Property Management Services in Washington Metro Area, Visit: http://www.LeaseCollection.com.
About The Author: Tony Williams is a lifestyle philosopher, influencer, personal development and business educator. He is also a senior managing consultant for The Lease Collection, which provides Professional Property Management and Tenant Placement Services for multi-unit and residential properties in Washington DC, Maryland and Virginia. His passion for personal development inspired him to create the Instagram, @Life.Algorithms, which has amassed over 30K followers. Along with his Blog, these platforms are his way of inspiring, motivating, educating and connecting with thoughtful, creative, like-minded and ambitious people just like you.
In addition, Tony is also an active Alumni and Certified Entrepreneurship Teacher with the Network For Teaching Entrepreneurship (NFTE). He attended Southeastern University for Business Management and Marketing and holds a real estate license, along with a property management license while serving clients in Washington D.C. Maryland, and Virginia.