Do you like flipping rental properties but don’t enjoy the everyday landlord tasks that come along with renting? You should consider looking into hiring a property manager. A property manager takes on the day to day tasks that keep your property up and running. This can include screening tenant applications, collecting rent, answering to any tenant questions or concerns, handling repairs and maintenance, and more depending on what the property manager you hire offers.
Are you still wondering if hiring a property manager is right for you? You might want to consider it if any of the following statements apply to you:
Your business has significantly grown, or is growing quickly. In the beginning, handling a few rental units can be easy, but if you find yourself overwhelmed at the amount of work, a property manager can alleviate the stress of ,making sure everyone is taken care of.
Your don’t enjoy managing your rental units. That’s okay! Just because you’re not a fan of one aspect of rental properties, don’t mean it should discourage you from enjoying the parts you want to pursue! A property manager is a great solution. They manage the tasks you aren’t fond of, and you can continue to pursue the ones you are.
Your units are part of an affordable housing program. These programs can be confusing and complex, especially if you aren’t experienced in them. A property management company with affordable housing experience can make sure that all of the proper protocols are followed. This means you can rest easy knowing that you’re doing everything right!