What Property Management Companies Do & Why You Should Hire One

As a real estate investor, hiring a property management company is one of the best decisions you can make. 

Property management companies protect your investment and reduce your stress by taking care of it for you. Property managers who negotiate leases, handle rents, and take security deposits must be licensed real estate brokers. As licensed brokers, we operate under clear practical and ethical standards.

Specifically, there are several things a property manager can do for you. 

First, they can valuate your property so you know how much rent you can get. Next, they’ll position your property for renting the same way an agent positions a home for sale. Tenants today are as picky about which properties to rent as they’d be if they were going to buy, which means property managers must have high-quality systems in place to market your property. They can also screen your tenants, which is a critical process because you want tenants who you’re confident will take care of the property and pay their rent on time. 

Good property managers will communicate with you on a consistent basis

Some people think the most important thing a property manager can do is collect rent, and we agree that this is important, but it’s equally important that your investment is protected and maintained properly. When you switch tenants, we don’t want you spending a lot of time bringing the property up to par. We want you to spend the least amount of money possible and just handle basic wear and tear. Property managers also handle things like move-in and move-out inspections and all types of repair issues—no matter what time of day. 

Furthermore, good property managers will communicate with you on a consistent basis so you know which bills are being paid, what your monthly profits are, and how your accounting looks. 

We at Real Estate Experts go above and beyond for our property management clients, and one thing we do that very few other companies do is physically visit the outside of your property on a monthly basis and the inside on a quarterly basis. This way, we get a good look at the whole property and can take care of any problems. The other benefit of this is we develop great relationships with our clients, which minimizes any potential disputes and helps make sure the rent is paid on time. 

If you have any more questions about what a property management company can do for you, visit our website or drop us a line. We have plenty of property managers who’d love to speak with you.