When Should You Hire a Property Management Firm? Part2/2

By
Real Estate Broker/Owner with DMK Real Estate Ct RE Broker 0789963

When Should You Hire a Property Management Firm?

By DMK Property Management llc, Darien, Ct.     DMK Property Management, Darien, Ct

First of all let’s look at what a property management firm can do for you. Most property management companies can custom tailor their services to your requirements and can include these services:

  • Market your rentals.
  • Property check list reports.
  • Deal directly with tenants.
  • Collect rent.
  • Handle maintenance and repair issues.
  • Respond to tenant complaints.
  • Help with the eviction process.
  • Provides property management experience.
  • Property Management Companies are independent contractors and not employees.
 

When should a Landlord hire a property management company? There are many factors to consider, here is a list to help you decide when hiring a property management company.

You are not near your rentals. Distance, if you are not near to your properties dealing with the issues that come up can be difficult. Hiring a local property manager can deal with issues that arise.

You are not a hands on owner. Many landlords enjoy challenges of owning rentals such as finding qualified tenants, property maintenance and repair. If as a landlord you have no interest in the day to day management of real estate then hire a property management company.

You have lots of rental units. The more units you own the more you will benefit from hiring a professional and experience management team.

Expertise and Experience in Rental Property Management. Professional property managers have taken hundreds of hours of courses, have had years of experience throughout their careers. They have also created relationships with local services to help you maintained and repair your property.

Your time is important. Depending on how you like to schedule your time you might be better off hiring a property management team so you can concentrate on what you do best.

You do not want to be an employer. Property Management companies are independent contractors, so you will not have to worry about payroll or other legal requirements.

 

 Part 1  ~  InfoGraph Is it TIME to Hire a Property Manager? Part 1/2.

 

 

For further information about homes in lower Fairfield County, Connecticut call David Popoff

at William Pitt Sotheby’s International Realty in Darien, Ct.

cell 203-228-0646

email DavidPopoffCT@hotmail.com

 

 

Posted by

David Popoff
Connecticut Licensed Real Estate Broker
Realtor® Green
Seller Representative Specialist
Accredited Buyer Representative
candidate
LEED AP Homes

 

DMK Real Estate, Darien, CT.
Cell (203) 228-0646
DMKrealestate.com

 

 

 

DMK Realty, 06820 

 

 

 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Wallace S. Gibson, CPM 01/04/2013 06:26 PM
Topic:
Real Estate General Information
Location:
Connecticut Fairfield County Darien Downtown
Groups:
Realtors®
Property Management
Connecticut Professionals
All About Fairfield County, Connecticut.
Investment Property (USA)
Tags:
property management darien greenwich rowayton new canaan

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Rainmaker
213,851
Christine McDaniel
Red Key Realty Leaders - Crown Point, IN
Broker Associate

The way the real estate market is there has never been a greater need for property managers!  Our office recently opened a property managment division.  It's a great option for many people.

Jan 04, 2013 01:44 PM #1
Rainmaker
1,164,618
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

The disparity between DIY landlord marketing and professional property management marketing is getting WIDER as fewer landlords utilize social media to cast a wider net!

Jan 04, 2013 06:26 PM #2
Rainmaker
747,783
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Being a Landlord is a full time job, if you cannot allocate enough time then hiring a property manager makes sense.

Jan 04, 2013 11:27 PM #3
Rainmaker
413,510
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

David,

All great reasons to hire a property manager.  Our knowledge of the local & state laws help owners stay clean!  

All the best, Michelle

Jan 05, 2013 05:38 AM #4
Rainmaker
701,627
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

David-If an investor has a full-time job in addition to managing property, that's an overload situation for most. Off load to a good property manager to gain some balance in your life.

Jan 06, 2013 12:24 AM #5
Rainmaker
747,783
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Hiring the correct people is the key to growing a good business.

Jan 06, 2013 02:32 AM #6
Rainer
94,386
Janell Kittleson
Rentec Direct - Grants Pass, OR
Rentec Direct

For the mere 5 - 10% a PM company charges, it is absolutely worth it!  I always advise friends & family to leave it to the professionals. 

Jan 17, 2013 04:23 AM #7
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Rainmaker
747,783

David Popoff

Realtor®,SRS, Green ~ Fairfield County, Ct
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