Good Property Management When Do You Know You Need To Hire a Property Management Company? You’ve done it, and now you’re a landlord. You live close to your rental house or across the country. You’re goal is to make money or just pay the mortgage. Everything seems to be going okay, but then the problems start happening. A tenant calls at 3 a.m. and has backed-up sewage in the basement. Another cannot seem to find money to pay the rent this week, but next week looks good. Another informs you that their dog has chewed up the bedroom carpet, and wants you to replace it by next week, and oh by the way – will there be a charge? Then there’s the letter from the county building inspector. What seemed like straightforward business model has become a real pain. What were you thinking at the time you bought this place? Now is the right time to hire a property management company. A Property Management Company Can Make You Money and Easily Pay For Themselves. The number one problem all landlord face is how to rent out their property. This is the real value when using a professional management company, they do the real work for you by writing enticing ads, taking pictures, and listing your property online, in newspapers, and with rental agencies. If the price is right, your home or apartment should be rented in two or three weeks. The Property Manager handles rent collection and fees, and keeps evictions lower by conducting thorough background checks. You can also expect your property to be kept up and well maintained looking beautiful, safe, and comfortable. This keeps your tenants happy so they’ll stay around for longer period of time. A Good Property Management Company Saves You Money In The Long Run. Quality well-run companies keep up with all the local regulations as well. Your property manager will make sure your rentals stay in compliance, and avoid costly legal hassles, penalties or fines. When maintenance issues occur and they will- your new tenants will appreciate the prompt repair work and you will appreciate seeing honest repair bills with no additional fees. Also, if a tenant should have to face court proceedings or an eviction, a good management company will handle all legal procedures and keep costs to a minimum. Of course, tenant screening, routine upkeep, and good tenant-management relations mean that your involvement is kept to a minimum. Don’t let your investment take you to the cleaners.