We know that property management is not rocket science and that most people are capable of doing it themselves. We also know that for any service to be worth paying for, it must have a tangible benefit to be worthwhile.
If you own rental property, you must ask yourself these questions:
- Is my time valuable?
- Do I really want to collect rent, late payments, deal with bounced checks, maintenance problems, accounting and enforcing the lease?
- Am I willing to learn and keep up with fair housing requirements and new legislation?
- Do you dread confrontation?
- Do you know the sales and rental market?
- Can you be objective (even with your own property)?
- Are you set up to pay vendors, refund security deposits, etc.
- Am I prepared to handle litigation?
- Can I advertise, show and rent the property affectively?
The main benefit of utilizing a professional property manager is the peace of mind that comes with not having to deal with many of the above mentioned items. Knowing that you have an advocate and a company that wants to protect your assets for the long term should be reassuring to you.
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