Why hire a property manager?

  • Increased Number of Properties – Managing one property is one thing. Managing two or more properties is something else.
    • –Increased workload.
    • –Intentional portfolio growth.
  • Time/Cost Benefit – Property management is a 24/7 job.
    • –Do you want to get calls in the middle of the night?
    • –Is my day job pay higher than what I can make as a landlord?
  • Geography
    • –Relocation for a temporary or permanent move.
    • –Portfolio spread. The right properties don’t always appear in the community close to you.
  • Knowing your highest and best use right from the start
    • –Steep learning curve – lots of moving parts you’re not familiar with.
    • –Errors are potentially costly – vacancy rates, lawsuits, bad vendors.
    • –Consider the timeless adage – 50% of something is better than 100% of nothing.
    • In this case, 90% of optimized rent is better than 100% of reduced or no rent.

Roles of a Good Property Manager