1-855-512-RENT (7368)As a property owner, you understand the work that goes in to maintaining your property, finding the right tenants, paying bills, managing collections, marketing your properties, and expanding your holdings.
Some property owners are able to make and take the time to do these tasks. Many others, however, find that the many details required to keep their business running can be daunting, difficult and time consuming, not to mention costly.
Learn more about how REM Commercial has helped other real estate investors with their needs by viewing our property management case study. If you are still on the fence about whether you should hire a property management company, here are five reasons to consider it.
“Bandwidth”
Many of our clients say that the number one reason they seek to use a property management company is that there is just not enough hours in the day to do it all. Between managing the property and all the other tasks associated with running a business in real estate, there are just not enough hours in the day to take care of everything. A good property management company can offer a solution between hiring more staff (which you may not be ready to do) and trying to do it all on your own. Many companies will offer a solution customized just to you and your property needs.
Staffing
Property management companies are able to provide specialists in all areas of property management, from maintenance workers, to bookkeepers to professionals skilled in finding just the right tenants for you. Whether you own large or small properties, having a company that can assist you with any type of work you need is ideal. Some companies can even provide consulting if you are looking to expand your business, or architectural services if you are looking to build, repair or remodel.
Savings
Many of our clients spent years trying to manage their properties in house, thinking that doing so was saving them money. On the contrary, once they chose a reputable property management company to handle their associations and properties, they discovered that the monthly management fee was far more affordable, and it saved countless hours of work. An experienced property management company can help you set a monthly budget, create efficiencies in your system, even send you monthly reports on your progress.
Extras
Perhaps you find that you have enough time to manage your properties, but are unsure of the best ways to market yourself or find new tenants. A professional property management company understands advertising for the real estate industry, and can post advertisements about vacancies on your behalf. They can also screen tenants, walk them through the property, and handle collecting security deposits and lease signings.
Peace of Mind
One of the best reasons to hire a reputable property management company is the peace of mind that your property is being cared for while you live your life. Many companies are able to provide 24-hour professional maintenance services, take care of damage to your property, or even handle collections in the case of a delinquent account. You are then free to enjoy your business without being concerned about how you might handle a late night call.
Whatever reason you decide to use a property management company, do research to find a company with the experience and reputation to provide the right service for you. At REM Commercial, our over 30 years of experience makes us an excellent property management company to work with, and we have clients who have worked with us for many years for their real estate needs. If you are interested in retaining property management services for your business, read our FAQs page, and contact us to learn more!