Should you DIY or hire a property manager?
Let’s face it, being a property owner can be rough especially when you consider the variety of responsibilities that come from owning a rental property including rent collection, maintenance and customer service this is why it’s always good for an owner to really ask the BIG question if they should continue managing their rental properties own their own (DIY) or if they should hire a property manager.
You may be thinking “I can manage my rental properties myself” but are you ready for the wide variety of responsibilities which come from renting properties? These responsibilities include:
When it comes to DIY property management you may be able to manage your own Central Valley rental property for a time but did you know that your responsibilities as a property owner don’t just end with rent collection? Here are some of the things you will have to do during the course of a normal year:
Leasing – You will have to advertise your rental property, talk with prospective tenants, do background checks, set leasing policies and rent to tenants.
Maintenance – Like any property owner you will be required to perform maintenance on your rental property during a normal business year including maintenance to the HVAC system, water heater and other major systems in your home.
Legal Knowledge – Did you know that you will have to know Fair Housing Laws? Besides this you will also have to know how to create a loophole free lease and more.
Tenant Management – Unfortunately, as a landlord you will also need to be available 24-7, 365, should one of your tenants contact you with a problem or issue they are having with their rental property.
A Property Manager Will Save You Time And Money
Stop wasting time and money doing things yourself, a property manager will help you to professionally manage your rental properties so you can GROW your portfolio or rentals and go back to living your normal life.
Contact RPM Central Valley today by calling us at (209) 572-2222 or click here to connect with us online.