For a Property Management Company in Lawrenceville Georgia, I understand question several times a week and often times once a day. After being unfaithful years of offering property management services, I believe property managers give several key benefits.
First on the list would have to be time
economizing. There is a lot that goes into finding a resident and getting home
rented out. Just to name a few, getting a home purchase ready, marketing the
home on all of the online sites, showing your house, checking background,
credit, and references of applicant, completing lease agreements, performing
Move-Inspections, handling maintenance request, preparation repairs, collecting
rental payments, and performing safety and property preservation
Next on the list would have to be intermittent property
preservation inspections. The home can be your most expensive asset. A little
bit neglected maintenance can turn into a major repair quickly. Miss to clean
the gutters and the $65 gutter cleaning will turn into a $5, 000 repair due to
replacing a 15 base section of wall studs and exterior siding. I just oversaw a
repair $15, 000. An overlooked crack with shower grout will can turn into a $3,
000 completely new bathroom floor. This list could go on for days.
look at not forget liability. Lawsuits against rental property management
companies is absolutely not a rare occurrence. Happens all the time. I once
received a new call from an individual who was seeking $5, 000 settlement in
hospital bills. Apparently, he slipped on many ice in our parking lot and broke
both his ankles. In the end, come to find out, he had been drinking all night
while visiting one of our residents and fell down whilst running and sliding on
the ice at 4: 00 am. When you hire a licensed and insured property manager, you
actually buffer yourself from most liability.
Hiring a property managing
company should not be an expense. Most management companies have in house
maintenance and repair people who can perform work less than you could hire
someone. Our company has negotiated prices with our building contractors that
are far less than you would pay. This is not uncommon. That savings alone
typically pays for the management fee finally.
Last but not least. You
can keep your sanity. This is not an easy business as well as dealing with a
repair issue on Friday afternoon can be complete aggravating. It’s 30 degrees
outside and a call offered for a HVAC system that is not working on Friday
morning. Whether it is not fixed by that afternoon, the cost will go right up
50% if it has to be fixed on the weekend. You can’t be expecting the resident to
go to long without heat. The evaluate won’t either.