What Makes Residential Property Management So Desirable?
By Sleepwell Property Management Thursday, April 25, 2019
Contemplating whether to hire a property manager to take on the task of running your rentals? Ask any former landlord who’s made the switch to a reputable company, and you’ll learn that it’s always well worth it. Aside from handling any tedious and time-consuming tasks, a property manager can also save you from having to deal with any uncomfortable situations, like when a tenant’s late on rent or ends up damaging your property. So what really makes residential property management so desirable, you ask? Here’s more on this topic below.
Avoid Legal Problems
There are important rules and regulations that you need to abide by as a landlord. But it can be tough to keep up with all of the changes that are made to certain by-laws. That’s where a residential property management company can really make life easier for you. A professional manager will understand all of the applicable laws and regulations that govern the rights and responsibilities for both landlords and tenants.
Improve Your Occupancy Rate
Reputable property management teams will also have strategic and expert marketing tactics that they use to boost the occupancy rate of rentals. With the right team, they can keep your ROI rolling in each month without any lags!
Make Your Accounting Process Easy
As a landlord, there’s a lot to juggle when you’re handling everything on your own. And if you’re not a 'numbers' person, or if you tend to drop the ball when it comes to keeping documents organized, property managers can take over the finances too. They’ll offer advice regarding tax deductions, keep you informed, organized, and ready for tax time.
Enjoy More Personal Freedom
If you want to travel or go on spontaneous weekend getaways whenever you feel like it, dealing with a self-managed property can throw a major wrench in your plans – especially when you need to be on-call to deal with any emergencies. Instead of placing your priorities on hold, hire a management team so you can make the most of your time and leave the rest to them.Don’t waste your time chasing down money, interviewing tenants, or dealing with tedious maintenance tasks. Enjoy your weekends and time with family by allowing us to take over those responsibilities for you. At Sleepwell Property Management, we offer professional and courteous service with availability 24/7 for all of your residential management needs. Get in touch today to learn more about how we can help with your rental property.