There are a number of good reasons to hire a property management company to take care of the day-to-day operations of your rental property. We often talk to landlords who are on the fence about whether to go with a professional company or try to manage the property on their own. Here we are going to highlight five of the best reasons to hire a property manager.
Chances are, owning and maintaining a rental property is not your full-time job. You probably have a lot of other things to do, like go to work and spend time with your family. Property managers can make sure your time is protected. We are available to tenants and property owners around the clock; we can answer questions and solve problems whenever they are presented. No landlord relishes the idea of a phone call from a tenant at 2:00 am in the morning with a report that the water heater is leaking. When things happen at your rental property, you need to respond immediately. Here at Homespring, our maintenance team is available 24/7, and our 24-hour emergency service applies to all properties we manage.
We are always surprised when landlords say they don’t want to hire a property manager because of the money. Property managers can actually save you money. Think about the expense of an eviction, a lawsuit, or a vacant property. Professional managers save you money by keeping you and your property protected. You’ll spend less on maintenance because our property managers will get you better deals. You won’t have to worry about a house that’s vacant for months between tenants because our property managers will know how to turn it around quickly and price it correctly. You won’t have to struggle to organize your finances and receipts because our property managers will provide a detailed accounting statement every month. Also remember that your property management fees are completely tax deductible. With Homespring Realty & Property Management’s $99.00 a month flat fee, hiring us is an affordable, smart move.
Finding the right tenant can be stressful. You need to advertise, show the property, and sift through applications before finding the best tenant. Property management companies have successful marketing and screening procedures in place to ensure you get a tenant who pays rent on time and takes good care of your property.
When a tenant calls in the middle of the night with a leaking water heater or a broken pipe, you’re going to need a contractor you can call right away. Homespring has our own in-house contractor and maintenance team. If you don’t have one on speed dial, it’s going to take you a lot of time and energy to find someone willing to come right out. Property managers have these relationships in place already. We have a network of vendors, contractors, and repair people who do good work for affordable prices. Also, here at Homespring, we have our own in-house maintenance team that is available 24/7, unlike most management firms, which use outside vendors.
It’s experience that tells a property manager when a tenant isn’t being completely honest, what kind of pets should be allowed on the property, and whether any advertising is violating the Fair Housing Act. Professional property managers have access to all of the updated laws, forms, requirements, and information that are critical for landlords. If you’re still not sure whether you should hire a professional property management company for your rental home, contact us at Homespring, and we’d be happy to tell you more. Also check our references page to see what current and past property owners say about our services and their experiences with us as their property managers. Homesprings has been in business for over two decades (21 years) serving homeowners just like you.
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