Managing a property can be time consuming and frustrating at times, so hiring a property manager might be the best solution to help free up some time and give you peace of mind.
1. Those Late Night Phone Calls
We've all heard the horror stories of the late night toilet calls. Although this is actually pretty uncommon, it can start to be time consuming taking maintenance calls in general. Not only does it save time, but their might be items the owner ends up paying paying for that was actually resident negligence. So now the owner has lost both time and money.
2. Streamlined Accounting
When it comes time to do your taxes, it can be frustrating trying to gather all the relevant information regarding your investment property. This includes all rents and other income collected, expenses, and other items associated with your investment. A good property manager will have all these items streamlined and in one place so all you have to do is plug in numbers or hand it over to your CPA.
3. Eyes And Ears
It's already hard enough to manage a property when you are local, but think about if you are out of state. A good management company will help be your eyes and ears for your property.
4. In The Know
Experience matters. Especially with all the different scenarios that present itself and the constant industry changes and technologies. It's good to have someone that does it everyday to be on your side.
5. Lease Enforcement
Did you know that every year new laws are passed and enforced when it comes to property management and the Texas Property Code? I'm sure you want to get some sleep at night, so having that right professional that keeps up with these changes is important not only to know, but help enforce when needed.