By RPM Central Valley
As we approach the end of 2017 most owners will be making New Year’s Resolutions or plans for their businesses in 2018 and one of the best decisions that any owner can make is to resolve to hire a property management company in 2018 to manage their portfolio of rental properties.
If you’re an owner and are still “on the fence” about hiring a property management company here are several reasons why you should consider hiring a property manager to manage your rentals.
Property Management Saves Time
There’s no doubt that as your portfolio of rental properties in the Central Valley grows you’re going to spend more time managing them. Thankfully, when you hire an experienced Central Valley Property Management company like RPM Central Valley you can have confidence that your property manager will do the “heavy lifting” so you can continue focusing on growing your portfolio without doing all of the day-to-day work that comes with managing rental properties.
Property Management Saves Money
From taking calls from your tenants to making repairs at your rental properties, all of the physical tasks that come from managing rental properties cost you money because anything that you’re doing yourself is taking you away from focusing on the growth of your portfolio of rental properties.
When you hire an experienced Central Valley Property Manager you can have confidence that every aspect of property management at your rental properties will be taken care of so you can focus on spending time with your family or growing your rental property portfolio.
More Reasons To Hire A Property Manager
You don’t live near your rental property. If your rental property is located far from where you live, hiring a property management company can be invaluable in dealing with the many issues that you will not be able to handle from afar.
You’re not interested in hands-on management. Many landlords look forward to the challenge of finding good tenants and the rewards of maintaining a safe and attractive property on their own. But if you view rental property ownership strictly as an investment and want little or nothing to do with the day-to-day management of your properties, consider hiring help to manage your property.
Your time is limited. Even if you enjoy hands-on management, you may not have much time to devote to your business, especially if landlording isn’t your day job. And if you prefer to spend your time growing your business, including searching for new properties, arranging financing for renovations, or changing your business structure, then a management company may be a good way to spend your money.
You can afford the cost. Hiring a property management company is an attractive option if you can afford the fees. When interviewing companies, expect to hear quotes ranging between 5% and 10% of what you collect in rent revenue. If it’s a down market and you’re able to manage things yourself (or with the help of a resident manager or other employees), you may want to keep doing so until the market turns around.
Get Central Valley Property Management Here
For affordable and professional Central Valley Property Management contact RPM Central Valley today for a free consultation by calling us at (209) 572-2222 or click here to connect with us online.