Own a rental? Find it to be time consuming to manage the day to day tasks? Hiring a property manager can help. Here are 3 benefits to hiring a property manager to handle your rental properties for you.
#1 Peace of Mind
Depending on your property management agreement, your property manager will handle everything from finding and screening the tenant to move out paperwork and everything in between. Broken faucet? Property Manager. Tenant late on rent? Property manager. Need an annual inspection? Property manager!
In addition, property managers keep informed on the laws regarding rentals in your area helping to prevent any legal issues down the road.
You can also rest assured knowing that the property manager is keeping up on the condition of the home, handling repairs, and keeping you informed on anything you should know about your rental.
#2 Financial Reports
Sometimes DIY financials can be complicated. Even with the numerous resources on keeping track of income and expenses, it can be a challenge for home owners to manage the documentation you need for tax purposes. Property Managers have software for providing monthly, quarterly, and/or yearly financial reports for the properties they oversee. Provide this report to your tax person and viola! You are prepared!
#3 Maintenance is handled
Are you tired of being called at all hours of the day and night regarding maintenance of your property? A property manager will field these calls, handle scheduling the maintenance, and get the problem resolved. This is a huge relief to most rental owners as they wont have to spend the time and energy doing it. Also, your property manager will add it to your monthly financials making keeping track of maintenance expenses a breeze!
There are many other reasons hiring a property manager is worth it. For more information on how we can help, contact us today!
Ironwood Properties
buysellmanage@ironwoodproperties.org
559-978-8884
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