One of the biggest decisions you will make as a landlord is using a property management company versus managing on your own. Although many landlords do manage properties on their own, a property management company can give you a lot of help. Overall, a property management company like Wheat Ridge Property Management will get you more listings.
Deals directly with tenants
Management companies deal directly with prospects and tenants. This not only saves you time but helps you avoid worrying about marketing your rentals. They will also collect rent, and handle repairs so you don’t have to. This can help you focus your efforts on acquiring more rentals, or other aspects of your business.
Brings experience to your properties
Good property management companies can bring experience to your property. This gives you peace of mind that your rentals are in good hands. This also makes it easier for you to obtain new tenants because they know how to find them.
They are independent contractors
Because a property management company is an independent contractor, you can avoid the hassles of being an employer. This makes it easier for you to focus on your business and acquire more listings.
When to hire a property management company
Although hiring a property management company has many advantages, not everyone needs to use one. You should consider hiring a property management company if:
- You have more than one property or rental unit: The more properties you own, the more beneficial a property management company will be for you.
- You don’t live near your rental property: If your rental property is located away from where you live, then hiring a property management company can be extremely helpful.
- You like to travel: If you do not want to be at your property all the time and enjoy traveling, a property management company can allow you to do that.
- You’re not interested in being hands-on: Although you want to have good tenants, it can be nice to avoid being incredibly involved. By making your investment and letting a property manager take over, you can avoid being a part of day-to-day operations.
How to find a good property management company to get more listings
Hiring a property management company is a great idea if you hope to get more listings. Despite this, if you decide to hire a property management company, use caution in selecting one. You need to make sure the company is trustworthy and does a great job, like Walters & Co Property Management.
If you can get recommendations from colleagues, then this is a great option. You can also ask us for our references of past and current clients. Another option is to interview a few companies. We are sure that we will answer all of your questions, and show you why we are the best option for the job.
If you are considering hiring a property management company for your rental units, contact us today. We will protect your investment and get you more listings.