Do you really need a property management company?
There is a delicate balance between what needs to happen when managing your rental home and what you actually have time to complete.
As a landlord, your job is to provide the tenant with a safe living space that meets all codes and the duties for being a landlord. The tenant should pay on time every month for this space.
Not every landlord will need the assistance of a property management company, but there are cases where this service is helpful and at times necessary. A property management service might be the answer to all of your questions if you are having problems fulfilling the needs of your tenants while also having a life outside of landlord duties. If you are currently toying with the idea of whether a property management service is right for you, read on and hopefully by the end of this blog we will have answered the question for you.
5 Things To Consider If You Need Professional Help
Location of units
The location of your rental property can be a deciding factor on whether or not you could benefit from a property management service. The longer the distance between you and your rental property, the harder it is to manage the day-to-day tasks needed when tenant issues and maintenance concerns arise. The time it takes to drive to the property, deal with the problem, and get home without hitting rush hour traffic might make the relationship with a property management service worth your time.
There is a serious learning curve when it comes to interacting with tenants and property maintenance. If you are new to being a landlord and things are not going as smoothly as you had hoped, it might be time to research a property management service in your area. A property management team is skilled in the art of all things landlord. From screening applicants to a 24/7 maintenance team, they are there to be the physical intermediary between you and your tenant.
Amount of units
If you are juggling several properties and feel like everything is about to crash to the ground, then a property management services might be the key to the proper running all of your rental homes. At Oak City Properties, we can help you manage your rental properties with the following services:
- Marketing the property
- Locating and presenting prospective tenants
- Collection of rental payment
- Assessing and collecting late payment fees
- 24/7 response to maintenance issues
- Handling of Security Deposits in qualified Trust Accounts
- Accounting and tax services for your property(s)
- Court appearances in the event of an eviction.
In our day and age, time is one area everyone seems to run short. If you do not have the time to take care of your rental property and are struggling to meet the needs of your tenants, a property management service might just be your answer. They allow you to have a hands-off approach to being a landlord which frees up your time to dedicate to other matters (life, work, family, and maybe even some fun).
If you can afford a property management service and it will make your life easier, I think we just solved your landlord problems! At Oak City Property, we charge only a marginal fee for our full-service management.
Now that we have addressed some of the major concerns when it comes to being a landlord, I hope your decision to hire a property management service is a little bit easier. If you still have some questions, here are a few blogs that may interest you:
- 7 Benefits of a Property Management Service
- What is a Property Management Service?
- Questions to ask a property management service
For More Information
If you live in the Raleigh area and are interested in a property management company, take a look at Oak City Properties! We provide services to help investors, homeowners, and landlords. Feel free to give us a call (919)-232-9222.