Doing it on your own can be fun…until it’s not. How do you know when it is time to hire a property manager?
When it comes to investing in rental properties, some people choose to hire a property management company. They do this in order to avoid day-today-day responsibilities.
Others choose to be a landlord but often find that at some point in their career they need assistance with managing the rentals.
How do you know when it is time to hire a property manager?
Burdened by Maintenance Requests
When it comes to homes, some properties will be more problematic than others.
If you find yourself burdened with maintenance requests and have to constantly stop what you are doing to avert the next disaster, then a property management company can provide you with much-needed relief.
Own Multiple Properties
Another problem that many landlords have is that their properties are increasing and therefore so are their tenants.
The more tenants that you have, the more phone calls you will get. It also means that the more checks you have to collect, etc.
Simply taking these phone calls and addressing the continuous questions can take up a significant amount of time. This where property managers can help.
Unable to Keep Up with Laws
Laws are ever changing and as an owner of rental properties, you are responsible for ensuring that you abide by all laws and building codes.
Property managers can help you to ensure that your properties meet all appropriate codes. And that your processes (leases, tenant agreements, etc.) meet rental laws.
At the end of the day, being an owner of rental properties can be a very rewarding career. If you want to free up some of your time and relieve some of your stress, then it may be time to hire a property management company.
If you are looking for a property manager that you can trust, then fill out this form or call us today at 205.940.6363 ext 3.
Matthew is the CEO of Evernest. He is a student of the book Good to Great and is passionate about building the best property management company on the planet (and maybe even the universe if Elon Musk will hurry up). You can usually find Matthew at the baseball field with his son, at a dance recital with his daughter, or at his favorite restaurant with his wife, when he’s not in the office. And if you can’t find him in any of those places, it probably means he’s traveling.
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