Owning a rental unit is one of the best ways to capitalize on real estate recovery. Home prices are still well below their pre-recession peak, and homeownership is still a down-the-road option for many, which is why rental occupancy rates are so high. Owning a rental home can provide you with a steady stream of income. However, there are benefits to getting professional help instead of going through the process alone. Here are two ways property managers can help you with your rental unit. Property Managers Are a Buffer You may sincerely like your tenants, but even if you do, you do not want to have to deal with them on a regular basis whenever something comes up. There are simply too many things in the day for a busy investor to do to worry about handling multiple tenants all over a city or region. A property manager provides a welcome buffer between tenants and landlords. This buffer isn’t just for the day-to-day maintenance requests and other stuff that comes up; it also comes in handy whenever there are issues, such as late rent, that need to be resolved. Property Managers Take Care of Units Property managers are also key in taking care of units. Making sure a home is livable, up to code, and looking great is almost a full-time job, and something few landlords have the time to do. A property manager, with professional maintenance staff, knows your units inside and out. They can respond promptly if a tenant raises a concern about a needed repair, which can save you money in the long run as small repairs don’t grow into big ones. Plus, intimate knowledge comes in handy if and when you decide to sell the home. For more reasons why professional property managers are vital, contact the pros at gkhouses.com.
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.