If you have a full time job and rental properties, and you are getting to the point where it is too difficult for you to manage both, it's time for you to find a company that can help you manage the properties. There is a lot of responsibility that comes with being a realtor, and if you don't feel like you are at a point where you can give the properties the time they need, professional help is a must. Here are some things to consider when thinking of outsourcing management responsibilities for your rentals.
Prompt Service Improves Returns
You can't always drop what you have going on or leave your regular job when you have a renter with a problem. If you have a management company that can call the heating and cooling company for you, or that can fix a broken window, the renter will happier with the faster service and results. This can help you get repeat renters that you have already worked with, and it can help you get a good reputation to attract good renters in the future.
Management Companies Have Resources
Management companies, such as Property Matters Management, have a lot of resources that can help you find the best renters. Before you allow a renter to lease your property, the management company can do these things:
- Verify income
- Screen credit report
- Look up personal criminal records
- Get references
These are all things that you want to do before you let someone lease your property, but these are also things that can take a lot of time. Let the company do this so you know who you are renting to, and so you don't have to waste your own time.
Travel and Move without Worry
If you are thinking of traveling or moving in the future but you want to keep your property because they bring in a source of income, then you can do this with the help of a management company. They are there to help the tenants, clean the space after renters, and more. This can help you resume your normal life and do what you want, while still earning money.
When you are meeting with the owners and the managers of the property management companies, you want to ask how long they have been offering this service, who their longest standing customer is, and what is all included with the cost of the service. When you find a company you can trust, it will make owning rentals more enjoyable.