If you own a rental property in the state of Alabama, you have a lot on your shoulders – even if you just own one property. (The burden goes exponentially up for every additional property you own.)
This is because in addition to keeping the home occupied and generating income, you have to:
- Maintain the home on a 24/7 basis;
- Keep the home modern and upgraded;
- Market the property in a competitive market;
- Keep your tenants happy;
- Deal with problems and issues your tenants have;
- Screen tenants to find the right ones;
- Navigate a labyrinth of regulations and rules.
It can become overwhelming without the right guidance and processes in place, to the point where many potential investors don’t find it to be worth the time or effort.
It is, though – especially if you have help from a qualified Alabama property manager.
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Here are three reasons to hire an Alabama property manager:
Reason #1: You Don’t Have Time to Run Everything
Most investors have other jobs, and even those who are full-time real estate investors find that they have less and less time to spend actually managing a property because they’re busy developing their portfolios, networking with connections, working with contractors, and doing other things that are more valuable to them. With an Alabama property manager helping you, you have free time to invest in your business (or your personal life).
Reason #2: Dealing with Tenants Can Be Difficult
Dealing with tenants is yet another reason to get a property manager. Even assuming that your tenants are normal, decent, respectful people who don’t cause any problems, they will still have issues to bring up. This is to be expected, but not every owner has the time to constantly deal with tenants and the problems and concerns they have. A property manager is a buffer between you and your tenants, which works out well for both parties; you, because you no longer have that responsibility; and your tenants, because they have someone who can give them their full attention.
Reason #3: The Process of Getting Tenants Is (Almost) a Full-time Job
Owning a property means you have to eventually find someone to stay in your unit. This can be more difficult than you’d think. Not only do you have to market your property and understand the nuances of a competitive market; you also have to screen and background check your potential tenants, which often includes checking their credit history, references, and other things.
Instead of doing all of the above – and then some – work with professional Alabama property managers who can take total care of your property and tenants before you. Contact us to get started.
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.