Are you an overwhelmed landlord? Do you wish you had some help with managing your rental properties? Or are you looking to expand your real estate portfolio?
A property manager is a great solution to outsource tasks for your rental properties. Here are some of the ways that working with a property management company can make your life easier.
Manage Owner Disbursements
When you own a rental property, you may not know how much of a cut to take. You must factor in monthly expenses and unforeseen financial burdens to determine the amount of your take-home pay.
A property manager can determine your owner disbursements. They will ensure you get paid enough as a landlord, and that you have a proper amount of money set aside for taking care of your tenants.
Maintenance and Repairs
Handling maintenance requests can be tricky and even expensive. You never know how much a maintenance problem is going to cost until it's too late and you need to foot the bill.
Luckily, a property manager can do those maintenance tasks for you. They will be able to respond to tenant needs in the best way possible.
In addition, you won't have to be around in case of emergency repairs. You can have the freedom to travel and manage other properties without having to worry about last-minute maintenance requests.
Outsource Tasks
Not only can you outsource your work to a property manager, but they can also outsource some of their work to experts. They can build a network of people like contractors and accountants who will take care of every aspect of your rental property business.
Property Inspection
When your tenants move out, you need to ensure the property is in good shape before filling the vacancy. It is also important that the tenant gets their security deposit back promptly.
A property manager knows how to conduct an inspection and make sure everything is up to snuff. In addition, they can handle deductions from the security deposit and communications with the former tenant.
Portfolio Management
Managing your real estate assets can be tricky. You need to think about things like return on investment, when to buy, and when to sell.
Your property manager can evaluate the real estate market and make predictions for your next moves. This will help you avoid losing more money in the long run.
For instance, it may not be a good idea to sell in a down market. You will make more of a profit if you wait to sell during an upward swing.
Consider Using a Property Manager
If you need someone to take care of your property, a property manager may be the perfect solution. From overall portfolio management to owner disbursements, you won't have to worry about a thing.
Looking for help with property management in Troy, OH? PMI Oakridge Management is the perfect solution for all of your needs.
With over 20 years of property management experience, we can assist you with anything. Reach out to us today for more details.
