There are a lot of responsibilities, commitments and labor involved with being a landlord. Hiring a property manager to oversee and maintain your investment property for you provides you with more freedom and time. Plus, this shows an attentiveness to your tenants, which can appeal to prospective renters. Here are a few reasons to consider hiring a property management service or manager to oversee your rental properties.
Maintenance and Repairs
You will need to be available as needed for repairs or issues related to the condition of the rental units; this could be infrequent or an ongoing task. If you own other properties, you know that maintaining the investment can be time-consuming and costly work; constant repairs could take up a lot more time and energy than you want to commit. Hire a property manager who makes routine checks on the property, identifying potential issues before they become expensive problems. An on-site manager helps to stay on top of things when maintaining a property for tenants.
Issues With Tenants
Another way that a property manager makes your life easier is by dealing with tenants regularly. Tenants may seek you out for issues with appliances, problems paying rent or complaints about other residents. A property manager is the mediator and buffer that keeps things running smoothly and maintains a sense of peace at your property.
Keep Units Leased Out
Attracting reliable tenants is another area that a property manager can assist with. They may provide insight into marketing available rentals and interview prospective applicants and potential tenants. These professionals can help find the best tenants for your rental so that you are not losing money every month with an empty building or space.
About the Author
Carolyn Andrews
Carolyn Andrews has over 30 years licensed Brokerage experience in both California and Colorado. Born in England, Carolyn moved to California in 1980, then relocated to Denver, Colorado in 1991. Carolyn has also received recognition for Top Sales at RE/MAX Alliance Aurora in 2007-2008 and is a member of the RE/MAX Hall of Fame & Chairman’s Club, as well as a recipient of the ReMax Lifetime Achievement Award. Carolyn has sold over 2000 homes personally in her career. Carolyn has been actively involved in many aspects of the Real Estate business including investment property, luxury homes, mountain resort property, skiin/ski out, REO/default management, loss mitigation, valuations, and disposition. She has been a speaker and panelist at several conferences and has been consulted on many occasions by various organizations in the REO/financial industries for her expertise and served on many boards. She has attended numerous ongoing classes to stay abreast of changes in the ever-evolving Real Estate industry. She is the prior State Director for Colorado for VAREP(Veterans Association of Real Estate Professionals). She is a member of 3 boards of Realtors including Metro Denver, Colorado Springs and Summit County mountain areas. She heads up The Andrews Group and is or has been an active member of NAR, CAR,REOMAC, CIPS, CRS, AREAA, NAPW, NAHREP, and is an original member of the ELITEReal Estate network. She was ranked #1 for most homes sold in Denver 2007 by Denver Board of Realtors, #2 for 2008, and #2 for 2009, #5 in 2010 and #4 in 2011 and has been consistently in the top 10 ever since. Carolyn Andrews has been a top rated Endorsed Local Provider for the Dave Ramsey Organization and also a Top Producing agent for 2018 for the Homelight Company.
