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Why Use a Property Manager?
Most experienced property investors use property managers. Why? Because they make you money. Property management isn't just about collecting rent. It's about ensuring your property is always rented, ensuring you have the best possible tenants, and ensuring you're getting the best possible rent. It's about keeping the property well maintained, tracking expenses and income, and dealing with the legalities of leases and the rights of tenants. This is what property managers do. It's their core business. For a landlord, the benefits are significant. Save Valuable Time The most obvious benefit is time saving. You don't have to spend an hour or so each week making phone calls, placing ads, interviewing prospective tenants, speaking to solicitors, speaking to your tenants, collecting rent, organising tradesmen and so on. How much could you earn in that hour if you were focussing on your work rather than chasing your tail? Know Your Market Property investment is a business. To succeed in business, you need to know your market. Property managers make their living out of knowing the rental marketplace. They know how much your property is worth and who'll want it. They know the best ways to reach the market and they have the resources to do it. A property manager with some real marketing nous can earn you thousands every year, just with an intelligent marketing campaign. Know Your Rights Rental legislation is constantly changing. It's important that you know your rights as well as the rights of your tenants. But most people don't even know where to start looking. Property managers work with tenancy legislation every day. They know all the ins and outs, as well as the pitfalls and loopholes. They're experienced in all aspects of lease negotiation - from bond to maintenance agreements to eviction. Most importantly, they'll protect your rights as a landlord. Get Good Tenants Most good tenants will only rent through property managers. The whole process is much more streamlined and convenient. Payments can be made electronically, their questions can be answered quickly, and everything can be done during business hours. The opposite is true of bad tenants. They target privately managed rentals, because that's generally all they can get. Property managers chase down and validate every reference, and they get to know problem tenants. They do everything possible to provide you with a hassle-free investment because they know the eviction process is every landlord's worst fear. You can't just kick someone out without notice. The whole process can take months. But if you're unlucky enough to end up with a problematic tenant, a property manager will manage the whole eviction process - including all dealings with tenants, sheriffs, and court officials. Sure, you can juggle all of these elements yourself, and you'll save yourself a small management fee? But what's the cost? Do you want to work for your investment or do you want it working for you? About The Author * Glenn Murray is an SEO copywriter and Article Submission Specialist. He is a director of PublishHub and also of copywriting studio Divine Write. He can be contacted on Sydney +612 4334 6222 or at glenn@divinewrite.com. Visit http://www.divinewrite.com or http://www.publishhub.com for further details, more FREE articles, or to purchase his e-book, 'SEO Secrets'.
MORE RESOURCES: L.A.’s Real Estate Upfronts Reveal Penthouse A at Rosewood Residences Beverly Hills Hollywood Reporter Erie County real estate transactions Buffalo News Worcester County real estate transfers, Sunday, May 19 Worcester Telegram Real estate mogul cautions about avoidable mistake when buying a home, explains how to avoid 'drowning' Fox Business Coloradans negotiating lower fees for real estate agents with new law on horizon Colorado Public Radio Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties May 19, 2024 edition MassLive.com Portside Real Estate acquires Belgrade Lakes brokerage Kennebec Journal and Morning Sentinel Illinois real estate: Home sales in Peoria, Tazewell, Woodford counties Peoria Journal Star Slow April real estate market among Pueblo's top business news Pueblo Chieftain Hawaii Real Estate Sales: March 11-15, 2024 Honolulu Star-Advertiser Luxury Homes Are Booming in These 10 Unexpected Cities in 2024 Norada Real Estate Investments REAL ESTATE | A look inside The Lofts at Cedar Lake on the campus of Cedar Community washingtoncountyinsider.com Wellesley resident Peter Covo joins Conn Kavanaugh as partner in firm's real estate practice The Swellesley Report Letter to editor: On recent misinformation regarding upcoming changes to the real estate industry Woodland Daily Democrat Top 10 Brooklyn Listings: A Flatlands Standalone Brownstoner Revised Mortgage Rate Predictions Signal HIGHER Rates in 2024 Norada Real Estate Investments Berks County real estate transactions for May 19 Reading Eagle REAL ESTATE | Check out Braund's Flooring & Remodeling LLC in West Bend, WI washingtoncountyinsider.com Increases in interest rates stress commercial real estate Richmond Times-Dispatch Private Advisor Group LLC Purchases 1425 Shares of Doubleline Commercial Real Estate ETF (NYSEARCA:DCMB) Defense World STAR resource center Department of Taxation and Finance Egypt boasts real estate portfolio valued at $200bn, ready for international export - Dailynewsegypt Daily News Egypt Amalgamated Bank Trims Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Defense World Celebrity Real Estate Realtor.com News Kenosha CubeSmart storage facility sold to new owner Kenosha News The Properties High Interest Rates Can't Touch The Wall Street Journal Connecticut real estate law changed after MV Realty investigation Eyewitness News 3 $6 million home was Houston's top residential real estate sale of its week (PHOTOS) Houston Business Journal Real estate transfers: May 17, 2024 RiverheadLOCAL Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Stock Position Reduced by Victory Capital Management Inc. Defense World Robert Willett may be targeting female Realtors in Northeast Ohio Akron Beacon Journal News anchor sells luxury Scottsdale home he built for $6M The Business Journals China Says It Will Start Buying Apartments as Housing Slump Worsens The New York Times 10 most expensive homes sold in Cuyahoga Falls, May 6-12 cleveland.com China's real estate market sees surge in weekend consultations and trading, boosted by accommodative policy Global Times Real Estate Mogul Grant Cardone Closes Largest All-Cash Multifamily Deal In South Florida This Year Yahoo Finance Mid-May Greenwich Real Estate Market Report Greenwich Sentinel Refined Real Estate: Unique Leschi home with lake views lists for $1,395,000 seattlerefined.com London Real Estate Is About to Get the ‘Selling Sunset’ Treatment Hollywood Reporter What's real estate wellness? Fortune Real Estate Newsletter Articles this Week: Housing Starts Increased to 1.360 million Annual Rate in April Calculated Risk 10 most expensive homes sold in Portage County, May 6-12 cleveland.com Billionaire Frank McCourt raises his hand to buy TikTok Business Insider Dodge County Real Estate Transfers Fremont Tribune Should I Buy a House Now or Wait Until 2025: Expert Forecast Norada Real Estate Investments Why Renting Still Makes More Sense Than Buying in Major US Cities Business Insider Ellison sues real estate broker Chad Banken over alleged schemes involving contracts for deed Star Tribune Busch relative settles squabble with Clayton investors over real estate trust St. Louis Post-Dispatch Home listings are on the rise in southern Colorado, while other indicators show a slowing real estate market Colorado Public Radio Southern fast-food chain Cook Out buys Tampa real estate Tampa Bay Business Journal MCB Real Estate Revives Long-Awaited Viva White Oak Mixed-Use Project Source of the Spring |
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