Erik Laine | Property Management Company can add significant value to your investment, which is why many seasoned real estate investors.Here are a few points that a good property management earns their keep.
2. Maintaining your rental property is becoming more and more of a
headache. You don’t have the time with all of your other
responsibilities and your tenants are getting angry and refusing to
pay rent. Your significant other suggests hiring a property
management company, but that’s expensive, correct? Not so much.
And, here are nine other reasons why its worth the investment
anyway. If you've owned income property for any length of time,
you know that managing a rental can be financially rewarding. At
the same time, you've also likely discovered that property
managementrequires alargecommitment oftimeandeffort.
3. You Get Your Time Back
When you hire management to
take care of your rentals you get
your life back. These people are
there to handle everything so
you don’t have to worry
anymore. Sounds great, doesn’t
it?
4. Researching Rents
A property management
company is responsible for
renting out your investment and
part of that is offering
competitive yet profitable rates.
They will get you the best
monthly lease payments for
your rental.
5. Advertising/Marketing
Once they’ve determined the
best rent, it’s also the manager’s
responsibility to advertise the
rental and get it filled, which
leads you to advantage number
4.
6. Screening Tenants
A good property management company will have a set rental
application process in place to screen out the bad seeds and plant
the good ones in your space.
7. Collecting Rent
Once the property is
rented, it’s the manage
r’s responsibility to
make certain rent is
paid monthly. No
more chasing after
people yourself.
8. Maintenance
Keeping your space tenant-
friendly is another thing your
management company will
cover, including fielding and the
and handling all maintenance
requests.
9. Safety and Security
If you hire someone to remain
onsite, you’ve just given yourself
the safety and security of having
your property under 24-hour
surveillance, if you will. Not to
mention rates for onsite
managers are less.
10. ABOUT REALTYCONNECT
As the premier real estate agents in Plymouth, we’re here to
provide you with all the resources and information you need t
o buy or sell real estate. We work with buyers and sellers in
Plymouth, Maple Grove, Minnetonka, Hennepin County, Eden
Prairieandthe surrounding areasandhavehad extensive train
ing in the latest real estate marketing strategies. We’re confide
nt thatwecanofferyouknowledgeandtoolsmost otheragent
scan’t.