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Hiring a Property Management Company vs. Going it Alone (Part Three)

By
Property Manager with Keller Williams Realty Southwest

Hiring a Property Management Company vs. Going it Alone (Part Three)

property management collecting the rent

 

This week is our final installation of our three part series detailing some of the duties involved in being a landlord (Click on Being a Landlord Part One and Being a Landlord Part Two). If you are not sure if you are cut out to manage your rental property or if you should hire a property management company, here is more information on your future responsibilities.

 

Collect the rent

Getting the rent paid on time is a major hassle of being a landlord. Once a tenant falls behind on the rent, it becomes very difficult to get caught up. Vigilant rent collection and enforcement of late fees can prevent the problem from escalating.

 

At PMI of Houston, we have the tools and systems to manage your property efficiently. With an attorney on retainer and tight monitoring, tenants are given a warning at the 7-day point and, if necessary, the eviction process is handled within a 21-day period. Our rapid response to a late rent payment quickly weeds out the ones that will never pay, and motivates the rest to pay on time. When you hire PMI of Houston, your funds are automatically transferred directly to your bank each month â?? so you are never waiting for a check from us.

 

Track the numbers

One of the biggest headaches for many rental property owners is tracking the financials and keeping up with the paperwork.

 

We provide all of our owners a dedicated online portal with 24/7 access to rental property statements broken down in a variety of ways including by the month, by the building, year-to-date, and a summary.

 

All of these duties and responsibilities of being a landlord can deprive you of peace of mind. Many rental property owners find they can never relax or take an out of town trip for fear of something going wrong with their unit. Some landlords get too involved with their tenants and can even get caught up in the day-to-day drama or crises of their renters. Hiring PMI of Houston provides you with a buffer, freeing you from getting too involved in your tenants personal lives. Therefore, one of the best reasons to hire a professional property management company is for peace of mind.

 

PMI of Houston is a full service property management company serving Katy, Sugar Land, Fort Bend, Missouri City, Richmond, Rosenberg, and the Houston area. We offer competitive and simple flat fees with no hidden costs. Contact us to learn more about our real estate management services.