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Why Should I hire a Property Management Company?

By
Real Estate Broker/Owner with Anchor Real Estate & Property Management LLC BK3109770

Overseeing and managing rental property can be a time consuming and expensive process.  However, it doesn’t have to be.  With an experienced property management company you can have peace of mind that your rental property is in good hands.

 

Let me give you an example where an experienced management company is beneficial.

 

Your rental is ready to be rented so you run an ad.  Within minutes of the ad being made public, your phone starts ringing.  Some of the callers don’t qualify, some are only ‘shopping’, and from those who do schedule a showing with you….someone doesn’t show up, someone wants the entire property re-painted, someone isn’t happy with this or wants that.   Without having an experienced PM company handling these situations, you, the owner, is left dealing with addressing the SAME questions over and over.  I have seen properties advertised for rent that received more than 50 people calling and asking the same questions over and over.

 

This is just 1 example of how time consuming managing a rental property can be.  Plus, I didn’t mention that while receiving those 50+ calls, you still have to work, meet deadlines, have meetings & be in conference calls, take care of the family, feed the kids, help them with their homework.  Oh and somewhere in there you still have to eat and sleep!

 

When you hire an experienced property management company, you only have to explain 1 time what your wishes are with your rental, and you let your property manager handle the rest.

 

To hire a PM Company who has the experience, tools, and procedures in place allows you the owner the peace of mind knowing your rental property is being managed correctly.

 

Give Anchor Real Estate & Property Management a call today and let us be your ‘Anchor’ with a successfully managed rental property!  321.506.1009

Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Betsy,
The biggest mistake I have seen by owners who choose to manage their own property is allowing the wrong applicant to rent the property.  As a  retired property manager, I can give you a few horror stories.  

Welcome to ActiveRain.  I think you'll find it a valuable platform for many reasons.  It's a greate way to connect with other professionals and get your message to the public.  May I recommend you consider the upgraded option of becoming a Rainmaker.  There are many benefits.


Jan 03, 2017 02:20 PM
Betsy Bateman

Thank you, Carol.  I have certainly seen some mistakes myself.  I do plan on becoming a Rainmaker in order to being eligible for the benefits.


 


Thank you!

Jan 03, 2017 02:24 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Betsy, this is a great start for you blogging adventure. And welcome to ActveRain.  It’s a great place to learn, and it’s even a little addictive. 

Jan 03, 2017 04:01 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I have used a property manager for as long as I have owned rental properties Betsy Bateman. You earn your money! 

Jan 03, 2017 10:22 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

OBTW Betsy Bateman,  I would like to welcome you to our ActiveRain Community. This is my favorite place to learn new ideas, share and build great relationships with like-minded real estate professionals…

Jan 03, 2017 10:24 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks Betsy,

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
All the best of success to you.
Bob

Jan 03, 2017 11:31 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

Betsy,

Welcome to the Active Rain community! 

Congratulations on your first blog post.

Jan 03, 2017 11:42 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Welcome to ActiveRain! A property manager is also helpful when the landlord/owner lives elsewhere!

Jan 04, 2017 03:46 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Betsy Bateman the job of being a property manager is intense.... homeowners who don't have all day to devote to management intense tasks would be wise to hire a property manager to take over those tasks...

Jan 04, 2017 05:05 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

and welcome to ActiveRain...it's a great place to learn, share, market and network....and I hope you enjoy it and benefit from all of it....

Jan 04, 2017 05:06 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Hi Betsy Bateman, Welcome to Active Rain and congrats on your first blog post. I think you will enjoy AR, you can meet and interact with professionals here while learning about their various estate markets. 

Jan 04, 2017 10:22 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

By the way Betsy Bateman, I'm leasing my primary residence for a year and using a property management company!

Jan 04, 2017 10:22 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Betsy Bateman, Welcome to the Rain where we all help each other and learn from each other.  Make it a great day!

 

Jan 04, 2017 10:47 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Betsy, a good property manager is worth their weight in gold - it is not for everyone!  Welcome!   

Jan 04, 2017 02:07 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

OPPORTUNITY COST - what else could I be doing with these time slots ?

Is this the highest and best use of my time ?

Jan 05, 2017 07:58 AM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Betsy welcome to ActiveRain, and congratulations on posting your first blog on this site.

Jan 05, 2017 05:18 PM