What do you look for in a Property Management Company?

Happy Thursday!

People that own investment properties either self manage or hire a professional management company to handle the rental.  I often wonder why would someone self manage?  So, I started asking the question and discovered the majority of the people that self manage have had poor experiences with a property management firm.   I would say, why let a poor experience with 1 company ruin it for you?  I propose you research and look to giving another shot to a company that is Top Notch and above your past experience.  So, call us and we can help explain why.... 928-772-4801 or just email over your questions.  We would be happy to answer them.

Here is a list of guidelines you could use when considering a professional property management company.

Top 5 Reasons to Hire a Professional Property Manager

1. Make More Money! Many property owners do not want to hire a property manager because of the cost involved. You may not realize that you will actually make more money in the long term due to the increased care of the property which keeps your property in great shape.

2. Save Time!Being a Landlord can be a full-time job tracking rent payments, collecting late fees, dealing with complaints and repairs, prepping the property for new tenants, finding vendors, and dealing with bad tenants. Who needs the stress? Relinquish these ongoing responsibilities to a property manager you can rely on.

3. Avoid Problem TenantsWhen hiring a property manager with experience, they will know exactly how to find the best tenants and screen out potential tenants with a bad history. Checking credit, criminal background, rental history and verifying ability to pay rent.

4. Do you REALLY Know the Law?How much do you really know about the laws that apply to being a landlord? One of the biggest advantages to hiring a professional property manager is the ability to avoid some legal downfalls. Having a full understanding of all the state and federal laws, professional property managers can avoid breaking discrimination laws, assist an eviction if it became necessary, which will be handled in a way that will save you time and money while staying within the boundaries of the law.

5. Property Managers Serve as Liaison Between Owners and Tenants                                    When using a professional property management company, a property owner is able to keep a professional distance from their tenants. Getting too personally involved can result in being too lenient on certain issues or too defensive about certain types of complaints. Renting out a property is a business and it is much easier for a professional property manager to keep things on a strictly professional level. Should an issue arise, a professional property manager is better prepared to deal with the problem effectively.

Click here to check out our website or Call Top Notch today to find out which of our services best suits your needs. 928-772-4801