If you are in real estate and own a portfolio of homes – or if you just have a single-family home that will be vacant at some point – what should you do with them? Should you attempt to rent them out and manage them yourself? Or should you turn to pros to do it for you? As providers of professional property management, we may be a bit biased. But the reason we are is simple: hiring property management just makes sense for many different reasons. Here are three reasons you should hire property management for you residential single-family property. You Need Help Marketing Your Property Having a property for rent doesn’t do much good if no one can find it. No one likes a vacancy. You can reduce the chances of your home staying empty by having professionals who know the market inside and out and can effectively market and advertise your property to your desired target audience. You Don’t Want to Deal with the Paperwork Everyone likes getting paid, but no one likes doing the paperwork necessary to get paid – including collecting rent payments on time. Professional property management helps by not only collecting rent payments, but also managing all other administrative efforts for a given property or set of properties. There’s a surprising amount of paperwork that goes on for each property, and keeping track of it all yourself can be time-consuming. You Don’t Want to Handle Maintenance For some property owners, maintenance might as well be a four-letter word. Owners don’t like to devote their time to handling important but mundane details like maintenance requests. When you hire property management, you can avoid the hassle and have someone handle the maintenance on your behalf. There are more reasons to hire property management. If you need help making your decision, contact gkhouses.com and learn how we can be of service.
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.