1. Your time is valuable – Dealing with the non-stop renter Q & A, communication, cleaning, and constantly being available is a huge commitment. Get the most out of your investment and relinquish tasks that you simply don’t have the time or energy for. Get in touch with a good property manager to handle the stress of these burdens and free up time on your schedule to find other potential investments.
2. Your earning potential is much higher – I know it can seem counterintuitive because you are paying someone a cost you could save by handling it yourself, but there is far more to it than that. Property managers have numerous tools and software to make the most of your rental. When your property is vacant, they have the resources and experience to fill it and earn you more. They have the knowledge to maximize income and achieve low vacancy.
3. Property managers know the law – Property managers are licensed by the state and required to take continuing education every year to stay up to date on ever-changing rental and real estate laws. Property managers know the ins and outs of licensing and permits. If you don’t have all your permits and licenses through the appropriate jurisdictions, you can get hit with hefty fines. Swell Property Management gets you set up with all the necessary permits and licensing before hosting any guests.
4. Help maintain your property – Being an owner means spending time and money to maintain your home and property. Most property management services include property maintenance, cleaning between guests, snow removal, lawn services, handyman repairs, and much more. Not only will property managers help you earn more on your investment but also maintain your property to its best potential.
5. Peach of mind – This comes from covering what was stated above. Handling guest interactions, achieving the highest income potential, covering the legal aspects, and maintaining your property is all in order to help get you that peace. This is the reason for hiring a property manager, they will handle things, so you do not have to. The fee you pay is for peace in knowing your property will be always taken care of. They’ve got this – you relax and collect.