Why Hire a Property Management Company?

By
Real Estate Broker/Owner with eXp Realty of California, Inc. Cal Bre# 01146115

Why hire a property management company? Let someone else handle your tenants and their issues while you spend time with the important things in life.Financial activist and author Robert Kiyosaki has stated that "real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow".  You've decided that you want to start building your real estate portfolio.  You've bought a nice piece of property in the East Bay that you would like to rent out.  When it comes to the question of handling business directly with your renter or having a property management company take care of it, why hire a property management company?

Why Hire a Property Management Company?

Why hire a property management company?  Nowadays, most people have pretty hectic lives.  Between work, kids and significant others, we all run ourselves ragged.  Investing in real estate is also an investment in our future.  But it can take a huge chunk of time out of your busy schedule to handle even one property.  A property management company will take care of everything for you.

What a Property Management Company Does

Irvin Real Estate's Residential Management Division screens prospective tenants.  This includes a credit check, employment history, rental history and payroll.  You don't want to get a call at 2 am when a tenant has a problem like a leaky faucet, right?  With Irvin Real Estate on your side, you can sleep soundly while we field the calls.  We will advise you, the owner, of the problem and handle it however you see fit.  Need to hire a contractor for major repairs?  We will make sure that they are licensed, insured and are approved by you.  Don't worry about regular maintenance tasks.  We coordinate that as well.

You will have your own in-house leasing agent at Irvin Real Estate who is dedicated specifically to handling your property or properties.  We offer tenants a direct deposit option.  That way, monthly payments are never late.  Did your tenant receive an HOA violation?  We do the follow-up and collect any fines that may come up.  Have a difficult tenant?  Your property management company will coordinate notices to pay, breach of lease agreement notices and, if necessary, eviction notices.

Need another reason why you should hire a property management company?  We do all pre- and post move-in inspections of your property as well as lease renewal inspections, periodic drive-by inspections and maintenance request inspections.  All this is done for a small percentage of the rental fee you charge your tenant.

Why hire a property management company?  Your time and peace of mind are worth much more than a maintenance fee.  Contact Irvin Real Estate to learn more about what services we can provide for East Bay investors.

Matt Irvin, Flexible Solutions to Fit Your East Bay Property Management Needs

Originally posted on my East Bay Property Management real estate blog here: http://www.mattirvin.com/blog/why-hire-a-property-management-company.

Comments (2)

Tracy Lee Parker
RE/MAX DFW Associates - Royse City, TX
Buy*Sell*Rent

We are definitely worth the small fees paid by owners! Great information for someone considering a property manager. 

Oct 29, 2015 03:56 AM
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

It is worth the small fee, so many laws to follow also with renting a property that an investor just starting out may not know about and with real estate laws the fines can be quite costly.

Oct 29, 2015 04:13 AM