Hiring a professional property manager to handle your real estate can be hugely beneficial. Experience matters, so make sure you are dealing with a management company that has experience in this area of real estate. Not ALL licensed real estate agents have the expertise to handle your investment!
Here are some benefits to using a professional property management company:
1. Quality Tenants.
Tenant screening is critical in the process to be able to land quality tenants. Background checks, credit checks, eviction check, etc.
2. Legal issues.
Management companies should be skilled at the eviction process, court system, landlord-tenant codes, and have local real estate attorneys on their team.
3. Less Vacancy.
The management team should know the local market, set the rent prices to maximize the owner’s revenue, and have less downtime for each rental.
4. Long Term Tenants.
A good property manager has the ability to retain good tenants. They work with the tenants personally and keep an open line of communication. A happy tenant makes for a longer-term tenant and a happy property owner! This is key to the overall success!
5. Efficient Rent Collection
Timely and efficient rent collection is something a good manager is very skilled at. Following up with tenants, staying on top of late payments and processing payments ASAP, allowing the owner’s payment to be processed sooner.
6. Lower Repair Costs.
When working with a skilled property manager, the owner should experience lower repair and maintenance costs. The manager should work with tenants in an effort to mitigate repairs and in some cases charge the tenant. The Manager should also have a team of local trade contractors that are committed to great service and fair costs for repairs.
7. Personal benefits.
Less stress, more free time, & less hassle are all benefits the owner should realize when working with a professional property manager. More free time for you-the owner to spend doing other things and not micromanaging your investment property.
For more information about our Property Management Services, please contact me.
Doug Doyle, Associate Broker
The Moving Experience Property Management
27 W Loockerman Street
Dover De 19904