Advantages of Hiring a Property Manager

Advantages of Hiring a Property Manager:

Orange County, CA March 25, 2011:  Many people who own rental property opt to manage the property themselves only to come to the conclusion that it is more hassle than they expected.  The number one reason investors choose to manage their own property is the cost of hiring a management company.  You may find out relatively quickly that a professional management company is worth the expense and more.

Some of the many benefits to hiring a property manager include:

  • Time:  Most people have full time jobs and family responsibilities that consume their day.  Constant inquiries from tenants, maintenance requests, rent collection, advertising and showing your available unit only adds to your already full schedule.  A professional property manager’s job is to take care of all these details for you.
  • Selecting Quality Tenants:  Rental property owners rarely have the resources or time available to them to effectively screen potential renters or the time to market and advertise your property to attract these tenants.  Property managers have the knowledge and resources to advertise your property, show the unit to a tenant, and accurately screen potential renters through credit, background and employment checks.
  • Maintenance Requests:  The most frustrating aspect of rental property ownership is maintenance.  Problems arise at your property at all hours of the day and many are emergencies that need to be taken care of immediately.   A property management company will have contacts that they trust and can count on at a moment’s notice.
  • Upkeep of the Property:  Renters often do not take care of a property as if it were their own and laws regarding when a landlord can inspect the interior of a property are numerous.  Property managers will routinely inspect the premises for you and make sure that the tenants are taking care of the property and abiding by the rules and regulations set forth in the lease.

This list is just a sample of the many issues that surround rental property owners.  Hiring a professional property manager is a great way to insure that your property is taken care of correctly and with minimal hassle to you the owner.

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