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No. 4 – Increased buying power Volume discounts aren’t limited to contractors’ fees. Name a service, and your property management team will probably be able to offer it for less than the market rate either because it has someone on staff, like an in-house attorney, or because the company gets a volume discount. Obvious examples… Read more »

No. 3 – Reduced maintenance costs When your property has a maintenance issue or needs a repair, you can benefit several ways by working with a property management company. First, assuming the company has one, you get access to its in-house maintenance staff. Often, their services are included in your monthly fees, saving you this… Read more »

You need to do your research before hiring a property manager. Your mission is to find someone who is organized, trustworthy and experienced. Here’s how to find the best fit for your property. While it is possible to manage your own rental properties by yourself, hiring someone else to do it for you is something… Read more »

No. 2– Higher quality tenants What can make a vacancy even more expensive? A bad tenant.Unpaid rent, eviction costs and extensive damages can add thousands of dollars to what you would pay for the average, no-drama vacancy. (Legal fees alone for an eviction run from $300 to $1,000) String three or four bad tenants in… Read more »

New landlords often try to maximize their profits by managing their own properties, but the do-it-yourself approach can actually cost you money. That’s because you do not have the experience, expertise or resources that a professional property management company does. Here are 10 ways hiring a property management company can actually save you money: No…. Read more »

Although hiring a property management company has many advantages, using one can be expensive. And, even apart from the cost, relying on a property management company is not for everyone. Consider the following factors to determine if hiring a property management company would be a good decision for your business. You should consider hiring a… Read more »

Owning a investment property involves much more than simply collecting rent. A professional property management company brings a standard to the industry that addresses the needs of both the owner and tenant. You have most likely heard some of the following statements from either tenants or landlords: From the tenant: The owner jacked up my… Read more »

Management companies deal directly with prospects and tenants, saving you time and worry over marketing your rentals, collecting rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions. Plus, a good management company brings its know-how and experience to your property, giving you the peace of mind that comes with knowing… Read more »

As a rental property owner, you will have to make decisions regarding the materials you put in your rental properties. You need to find a balance between choosing the materials that are going to appeal to the largest number of tenants and choosing materials that are cost effective and durable. There are certain areas that… Read more »

Every landlord wants to find the ideal tenant—the person who always pays rent on time, never disturbs others, doesn’t complain or cause conflicts and keeps the premises in better condition than when he or she moved in. While this theoretical ideal may be unattainable, the way you maintain and market your property will affect what… Read more »