Investors have different reasons for hiring a property manager. If you are still undecided, let’s help you find out. Instead of telling you why you need a property manager, let us give you some reasons why you don’t actually need to be looking at any property management websites.
You Live Near Your Rental Property
Investment property management is a time-consuming endeavor, so it’s ideal for you to live in the same city where your rental property is located. Being far from the rental property that you need to self-manage is the first step to creating a disaster because it will be hard for you to come over for regular maintenance, emergencies, and repairs. If going to your property for rent takes more than an hour, continue comparing property management companies.
You Can Handle Stress Very Well
Property management involves a lot of stress. From major repairs caused by the tenant’s negligence to excuses for failing to pay the rent, issues in property management must be handled well to maintain good tenant relations.
If you are good at handling stressful situations, perhaps you can start a career in property management. You don’t need our team if you can handle domestic disputes, fights between your tenants and their neighbors, discovering that you have more tenants than what’s on paper, illegal business done on the rental property, missed payment or excuses for failing to pay, and legal issues started by tenants.
You Have Only One Property
Some investors start to search for property management websites because they are overwhelmed by the properties they need to manage. If you have only one house for lease, it could be more cost-effective to self-manage the property than hire a professional. However, it still depends on your knowledge of the state laws on housing and availability to do everything, from tenant screening to eviction.
You’re Good at Bookkeeping
Landlords who have accounting and bookkeeping background will do just fine. This aspect of property management can be the ultimate cause of a headache for some but if you think taxes, as well as profit and loss statements, are a piece of cake, you probably don’t need a professional property manager.
You Are Available 24/7
Being available round the clock is one of the requirements in property management. Emergencies happen, and as the property manager, you need to be there when the tenants need you. Many landlords can devote each day to overseeing their property, but if you’re not one of them, give us a call to set up an account. Our team is committed to their obligations to our clients’ tenants and ready to leave parties and vacations when the tenants call for help.
You Still Want the Services You See on Property Management Websites
You might have what it takes to manage a rental property well but just don’t want to do it. Contact MYND if you find the whole process of property management overwhelming. Compare our affordable plan with the same set of services you will find on other property management websites and you will surely conclude that ours is the better choice.