5 signs that you need a property manager!
1) You have multiple properties
Managing one property is time consuming, so owning two or more is even more time consuming. Say goodbye to a personal life outside of your regular job too! You will spend all of your off time on managing your properties.
2) You don't live near your rental property
You own rental properties in Texas but you live in California! The tenant knows this and will most likely take advantage of your absences with unkempt property, late pays etc. Also if you live near your rental property can be almost as bad as far away! The tenant knows where you live and has your number. Get ready for unexpected visits, texts and phone calls.
3) You don't want to personally interact with residents
Most tenant are great people and pay the rent with an occasional repair request so you don't see or hear from them. But there is always the "needy tenant" who calls and texts all hours of the day. Or the "I did the repair tenant" and deducted from my rent....What will you do now?
4) You can't get the tenant to pay ontime
Nothing is more frustrating than late rent payments! We are on top of it for you sending letters, calling the tenant and enforcing our " You don't pay, you don't stay".
5) You don't know tenant/landlord laws or have systems in place to protect yourself
This is a BIG ONE! We have systems in place since 2006. We keep up on the tenant/landlord laws with continuing education, attorney classes and monthly property management newsletters. Don't lose your investment and much more if a tenant sues!