Great Reasons To Engage A Professional Property Manager

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Great Reasons To Engage A Professional Property Manager

  1. 1. Great Reasons to Engage a Professional Property Manager A professional property manager can manage the day-to-day needs of your rental property, minimizing vacancies, and maximizing income. Rental property managers handle the marketing of your property and screen for the best possible tenants to fill those vacancies. They can coordinate routine and emergency repairs, negotiate trash removal, and handle security, grounds keeping, and janitorial contracts. Property managers solicit bids from prospective vendors and recommend an appropriate vendor to the property owner, or landlord. Property managers handle rental agreements, collect rent, and respond to requests from tenants. Property managers might also be called real estate managers since they help property owners to optimize an important investment. They are familiar with local, state, and federal laws. They perform background checks to prevent bad tenants from renting your property, and can help you evict a problem tenant if needed. Property managers handle payables, making sure that rent is collected, insurance premiums are paid, and that mortgages, taxes, and payroll bills are handled on time. Usually a property manager is located near your property, so they are available to show your property to potential tenants. This is an advantage if you are no longer living in the area. An effective local property manager is proactive, identifying problems and correcting them before they impact your bottom line. STATISTICS • There are over 115,000,000 housing units in the United States. • Almost 1/3 of all U.S. housing is rented. • 60% of U.S. rental housing is owned by individual landlords. • Almost 60% of all housing is detached single family homes. In short, property managers help you make the most from your rental property and they can save you time. -St eel Valley Property Management LLC. Contact: Laurel A. Soukup Leasing Office: (740) 346-2122

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