Thinking that a property management company can actually help your profits while a percentage of the rental income is paid to them in fees every month. While a property management company, at first, will cost you money out of pocket, there are many ways that hiring property management can actually increase the profits overall.
Property management companies have the resources and expertise to rent your property quickly and efficiently. Think about how long a home may sit empty between tenants. The amount of time it takes for you to turn the home yourself, market, and then lease the unit. The property could sit empty for weeks or even months, creating no income and only debt for the owner. A property management company is able to market your property in the latest and most effective ways, employs people to do the turn, and is up to date on all regulations regarding the leasing process and fair housing. Property management companies make it possible to have little empty time between leases.
Property management companies also save you time and everyone knows that time is money. Rather than the homeowner having to field calls, show the home, do the paperwork, and provide maintenance, a property management company handles all the tasks associated with home rentals. A property management company will also employ maintenance staff that is reliable and knowledgeable, so you never have to make a guess at what may be wrong with the central air, dishwasher, or furnace. This is another way a property management company can increase your profits. You don’t have to waste money or time on guesswork. Maintenance issues get fixed right the first time when you have professionals managing your rental home.
Scott Properties is a property management company that wants to make sure that your experience as a rental homeowner is the best it can be. Contact us today to discuss our property management services!