Top 12 Reasons to Hire a professional Property Management Company.......
1. Local Knowledge of Rental Rates: Local, licensed Brokers have access to great tools allowing them to provide you with in-depth knowledge of your local market.
2. Marketing Expertise: Leave the marketing of your rental property to the pros. A Professional Property Manager knows how to minimize vacancies with great advertising.
3. Tenant Screening: A Professional Property Manager has access to excellent tenant screening tools for credit history, eviction history and background checks to be sure you have only responsible, quality tenants renting your property.
4. Property Law and Regulations: Professional Property Managesrs are up-to-date with knowledge of property laws and regulations, making sure you are in compliance with your local, state and federal rules and regulations.
5. Standarized Lease Agreements: Use of professional California Association of Realtors Lease Forms to insure a comprehensive agreement for terms, expectations, conditions, rules and regulations.
6. Preferred Service Provider Relationships: Professional property managers typically have great relationships with extensive networks of local service and supply vendors assuring only quality work by qualified people at good prices.
7. Rent Collection: Expert accounting and on-line rent payment options help ensure on-time rent payments and allow for smooth bank transactions.
8. Maintenance Inspections: Proactive, routine inspections often reveal small maintenance issues that if found, can be resolved quickly before they become larger, more expensive problems.
10. Financial Record Keeping: A Professional Property Manager will provide detailed monthly and year end income and expenses reports saving you the bookkeeping headache.
11. Emergency Calls Buffer: Imagine being shielded from the late night "my toilet is overflowing" call.
12. Property Management Fees: One of the reasons we love property management is because we see first hand the enormous way the property, the tenants and the owners benefit when a property is professionally managed. Professional Management is not expensive and adds value to your investment. Fees involved in managing your investment property or improving your real estate are usually considered tax deductions. Please consult your trusted accountant or tax advisor for verification.
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