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Key Benefits of Hiring a Property Manager

Is hiring an Atlanta property manager on your mind?

Benefits of hiring a property manager

If you own rental property in Atlanta, you might have wondered whether managing the property by yourself or hiring an Atlanta property manager is the best choice. Naturally, DIY Management offers you more control over the asset and enables you to save money in the process. However, it also means spending a lot of time, resources and effort to guarantee a smooth operation for your investment. Ironically, managing the property by yourself deprives you and your rental investment myriads of benefits that a property management contractor can provide. These include:

1) A Dedicated Service Provider

Outsourcing the management of your rental property gives you access to an entirely dedicated company that specializes in Atlanta property management. A manager who will commit adequate time and resources to provide services aimed at flourishing your investment. Some of these services include maintaining the property, advertising vacancies, screening tenants, complying with regulations, responding to tenant concerns, as well as handling the rent collection and tenant headaches.

2) Exceptional Tenant Screening

The success of your rental property investment largely depends on the quality of tenants you have. If the renters are problematic, they do not pay their rent when it becomes due and are destructive; your investment will flop. You, therefore, need a reliable tenant screening strategy. At times, however, your desire to quickly fill the vacant house might blind your resolve to get quality tenants. In contrast, property management contractors have the right tools and experience sufficient for screening the candidates. They objectively and thoroughly vet the potential renters to guarantee that you get nothing but the best tenants in the market.

3) Professional Property Management

Property management companies will add a touch of professionalism to your investment. They understand that you want returns from the property, and as such, they handle it in a business-like manner. For instance, they will help craft the best lease agreements, develop efficient property marketing strategies, use competent tenant screening tactics, adhere to state and city regulations, observe ethical standards when sourcing for service providers, and also handle residents professionally. Furthermore, the firm will regularly conduct market research to get insights into Atlanta rental property trends. Such a professional approach not only positions you for success but also makes your property more attractive to the customer.

Professional Management

4) Strict Enforcement of the Lease Agreement Terms

Most landlords have a soft spot for their tenants and find it difficult to be too tough on the renters. While having a human heart is noble, it can hurt your investment. For instance, if you are lenient each time a tenant fails to pay his or her rent when it is due, then non-payment of rent will become habitual. An Atlanta property management contractor, however, will not hesitate to enforce the lease contract terms to the letter. If a tenant contravenes any of the stipulations, the manager will strictly enforce the right action, such as charge penalties or serve an eviction notice.

5) Efficient Property Advertising and Marketing

Since property managers have been in the industry for long, they fully comprehend the ins and outs of the Atlanta rental property industry. They know what medium, strategies, and techniques are efficient for marketing your kind of assets to the right type of clients. Hence, by contracting them, you end up saving time and resources by only using satisfying property advertising techniques. Besides, the marketing efforts will ensure that your rental income flow does not get interrupted due to lengthy vacant house periods.

Advertising your property

6) Reliable Property Maintenance services

Management firms will help your investment retain its aesthetic pull, by conducting regular property maintenance and setting up mechanisms through which tenants can report damages or breakdowns. They also schedule routine property inspections to identify potential breakages and risks within the property. Additionally, the firm will help you to identify, qualify and hire quality-assured maintenance and repair contractors, such as masons, plumbers, and electricians.

7) You don’t have to reside in Atlanta

Another perk of hiring property management companies is that it gives you the freedom to invest anywhere in the world. For instance, just because you live in New York or North Carolina it does not mean you cannot own a rental property in Atlanta. You can invest in any property you desire and contract a reputable asset management company to manage it for you.

8) It is time-saving

Evidently running a successful rental property business is challenging and time-consuming. Handing over all these responsibilities to experienced professional hands will give you more free time to do other equally important duties such as running a different business, or spending time with family and friends.

relaxing

While it may be a difficult decision to leave your investment property in the hands of someone else, it can often pay huge dividends. Having your property managed by a firm can allow you to free up your time to focus on building your investment portfolio, spend time with the family, or even to sit back and relax. If you’re interested in hiring a property manager contact us and we’ll be happy to answer any questions you may have.

 

  1. Dave Anderson says:

    I didn’t realize that there were so many different advantages of using property management companies for property owners. I think that it would make the process of finding tenants a lot easier and a lot safer for property owners. Also, it would make it so that you know that you will always get the rent in on time which is a huge benefit.

  2. Tiffany Locke says:

    I like that you mention how you can invest anywhere in the world with a property management company. This would probably be a great way to expand and improve your business. When you are looking to invest in a new area, you’d probably want to ensure you find the best local property management company that will be able to provide maintenance and other services to keep your tenants happy and the grounds and buildings in good condition.

  3. Kourtney Jensen says:

    I think that one of the things I’d worry most about if I was to rent a property out are the tenants and if I picked the right ones. I like that one of the benefits of hiring a residential property management company is that they screen all possible tenants to make sure they will be good renters. If I were to ever begin renting a property, my mind would be put at ease knowing that I could have the help of a property management company.

  4. I liked your perspective of how hiring a property management company can help you get the best tenants for your property. I’d imagine this could also play a part into how well you can retain tenants after they agree to live in your property. Being able to keep well qualified tenants would certainly be a good enough reason to hire a property management company in my book.

  5. Kylie Dotts says:

    I like how you said that a firm will help you identify, qualify and hire a good maintenance service for your apartment or home. Ensuring that you have the right kind of people helping your property get better and better will help more people want to live there. Having a good rental property management company would definitely be a good investment because they will help the worth continue to increase as renters come and go.

  6. Derek Dewitt says:

    My wife and I are thinking about hiring a property manager for when we rent out our old home this summer. I like your point about how a property manager can help screen tenants and choose the best ones. This sounds like it would speed the process up, so we’ll be sure to look into this.

  7. It made sense to me when you said that hiring a professional property manager is better because they know the ins and outs of the job and so they can also advertise in a way that attracts good tenants. This will be my first time as a landlord if ever, and I do think hiring a property manager is good. After all, I can’t advertise even if my life depended on it.

  8. I appreciate seeing this because I am planning to invest in an apartment in the near future. You said that by hiring a property manager, the person will not need to live in the same city as the property that they own since someone else will watch over it. Now I feel much more confident in investing in the apartment that I liked a few cities away from me.

  9. I find it interesting that having a manager take care of one’s properties can increase one’s time for other more important things, such as taking care of a family or taking care of another business. My father has a lot of properties that he has accumulated over the years and that he is thinking about retirement. I will look for a manager that can not only help him manage his properties but can also help in distributing them among the family in the near future.

  10. It was very nice when you said that since tenants will have someone to complain to in case any of the systems break down, having a property manager will help preserve the property. I think this is especially important if the owner is a few miles away from the property. I know that holding off the repairs will impact the tenants’ trust and the unit’s efficiency. For that reason, I need a property manager.

  11. My favorite part of this article is when you say that a property management company will handle all of the tenant screening and will handle any repairs or maintenance that needs to be done on the property. My husband and I have a vacation home that we only visit twice a year and we are thinking about renting it out but we don’t have a lot of time, so hiring a property management company could be a great solution for us. Also, the fact that they can help us develop marketing strategies to get more tenants would be a huge benefit.

  12. Kate Welling says:

    You mentioned that hiring a property manager is time-saving because you don’t have to handle all of the responsibilities you would normally have to! It makes sense that you would always want to get some free time. I don’t own any properties, but I would definitely look into a business like this if I ever owned one!

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