If you’re a landlord, you probably have your hands full with your properties. Taking care of rental properties and tenants is often a full-time job, even if you only have one home in your portfolio. There’s just so much that goes into the job – a million details, processes, and situations that have to be handled carefully and correctly. All of this adds up to a lot of time spent in property management. Fortunately for landlords, property management companies help landlords save a tremendous amount of time with their portfolios. Here’s how. Property Management Companies Take Care of Your Tenants For most of the landlords we’ve spoken with, interacting with tenants is the number one most time-consuming aspect of the job, hands down. Tenants have needs that have to be met, complaints that should be handled, and requests that need answers. Having a professional property manager saves you the time of interacting with tenants by addressing their concerns and needs in a direct, prompt, and efficient manner. Instead of having to man your cellphone at all hours of the day and night, you can let a property management specialist take care of it for you. That alone saves countless hours of your time. Property Management Companies Handle Every Process There are a lot of processes that go into successfully managing a property. The laundry list of tasks and processes includes (but certainly is not limited to):
Collecting rent from your tenants
Qualifying (and screening) new tenants
Maintaining the appearance and condition of the property
Preparing and executing leases
Handling documents related to leases and tenants
Showing the home to potential tenants
Marketing and advertising for your property
Handling tenant turnover
Dealing with evictions, if necessary
Instead of taking time out of your busy schedule to handle all of these tasks (some of which may be unsavory tasks you didn’t want to handle anyway), you can have a professional property management company do it for you. Hiring property managers is a sure-fire way to slash hours out of your weekly schedule and free up valuable time to spend elsewhere. Contact us to learn more.
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.