Whether you are growing your Real Estate investment portfolio or are looking to rent out a home you own, a professional Property Manager can help.
The right property management service can:
How?
The process of purchasing a rental property is just the beginning. You’ll need to prepare the property, choose the right tenant from a sea of applications, then manage and maintain the property as needed. You’ll have to keep-track of each detail from accepting payments to operating legally and even preparing your information at tax time. You must be on hand for tenant concerns and to handle inspections and routine maintenance tasks. You’ll also have to be up to date on current laws and have an emergency plan in place.
Depending on the home you have for rent and the tenants you’ve placed there, these tasks can take up a significant portion of time that you could be using to do what you enjoy or to continue building your investment portfolio. If you are working on Real Estate investing for profit, a Property Manager can help reduce the amount of time you spend managing and caring for your individual properties, allowing you to concentrate on growing your business. If you are an accidental landlord with a home you are trying to manage, a Property Manager can handle all the tasks associated with renting it out.
There are some legal concerns that come from being a landlord. You’ll need to accurately advertise your business and choose tenants without discrimination. Since property rental laws can be complex, a professional Property Management Company can help you navigate the tenant screening and selection process with ease.
While you may be managing your first property, a professional already knows everything that needs to be done to comply. Your professional Property Manager can also provide you with everything you need to track the financial health of each property and your investment.
ERA Grizzard's large market share gives us more exposure to find potential tenants. At times, we also get discounts from vendors. We also make it a point to learn the owner's personal goals for the property in order to manage accordingly. A long term investment property and a property to use for future use, such as a retirement home, can have very different strategies." – Ron Ricketts, Property Manager
Even a single rental property can cause stress.
As a property owner, you have an obligation to respond to emergencies in a timely manner. The first time you field a 2AM phone call from a tenant, you’ll appreciate the importance of a third-party manager.
A Property Manager will handle both emergency and not-so-urgent calls, and already has a protocol in place to deal with them. Even if you don’t mind a middle-of-the-night complaint call, you may not have a regular repair person lined up and ready to go. A professional Property Management Company can ensure your tenant gets the fix they need, fast.
Stress can dampen your dream of owning investment properties. A Property Manager stands in for you and handles any issues that pop up.
Getting your property in show ready shape, advertising, finding the right tenants, and finally signing all the paperwork takes time. Every day your investment or rental property sits empty costs money.
A Property Manager is a quality tenant expert and knows how to position your property to attracting the best tenants. They also use their expertise to ensure you are making the best possible return on your investment.
Placing the right tenant in your property and then following up regularly ensures that your investment is cared for. When that tenant does move on, you’ll have far less to tackle if a Property Manager performs regular inspections and upkeep tasks.
Ready to save time, money, and avoid the stress of managing your rental property? View our full brochure to learn about our property management solutions