Why Use A Property Manager?
Most experienced property investors use Property Managers. Why? Becuase they make you money.
Property Management isn't just about collecting rent. It's about ensuring your property is always rented, ensuring you have the best possible tenants, and ensuring you're getting the best possible rent. It's about keeping the property well maintained, tracking expenses and income, and dealing with the legalities of leases and the rights of tenants.
This is what Property Managers Do. It's their core business. For a landlord, the benefits are significant.
Save Valuable Time
The most obvious benefit is time having. You don't have to spend an hour or so each week making phone calls, placing ads, interviewing prospective tenants, speaking to solicitors, speaking to your tenants, collecting rent, organising tradesmen and so on. How much could you earn in that hour if you were focusing on your work rather than chasing your tail?
Know Your Market
Property investment is a business. To succeed in business, you need to know your market. Property Managers make their living out of knowing the rental marketplace. They know how much your property is worth and who'll want it. They know the best ways to reach the market and they have the resources to do it. A Property Manager with some real marketing can earn you thousands every year, just with an intelligent marketing campaign.