Q: Do you really need a property manager?
A: Questions to consider if you are managing your property yourself, or questions to ask a Property Manager:
1. Do you have the time to manage your property?
2. Are you available to show the property every day?
3. What questions to you ask of employers & previous landlords?
4. Do you have access to credit reports?
5. Do you know what to look for on a tenant application?
6. Do you have access to a lease that is under constant review?
7. Do you know what to document when you inspect the property?
8. Do you know the federal laws that apply to lead paint disclosure if your home was built before 1978?
9. Do you know what to do if the tenant does not pay the rent?
10. Do you know who to call for the best rates on maintenance?
11. Are you available any time in case of a maintenance emergency?
12. Do you know what the tenant’s rights are?
13. What is legal to charge a tenant when they move out?
14. Do you know the strict laws governing security deposits?
15. What action to you take if the tenant moves before the lease expires?
16. Do you have access to free legal advice on Landlord/Tenant law?
If all of your answers were” yes” then chances are you do not need a property manager. If you answered “no” to any or all of them, you might be subjecting yourself and your property to unnecessary risk, costly vacancy time, and reduced profits just to name a few. We have considerable resources available to perform these services for you. There are many variables involved in property management whether you do it yourself or have a professional manager. There will always be risk of certain events such as a tenant not paying rent, damaging your property, or a variety of other scenarios. We help to reduce most risks but cannot remove these risks entirely. We are committed to protecting your property and cash flow to the fullest extent of your rights under the law.
Q: Why do you need a property manager?