Are you a rental property owner in Southwest Florida? At times, it can be extremely demanding, even to the point where the negatives outweigh the positives. Even if you only have one tenant that requires constant attention, whether it's their own doing or not, can be very taxing. It might seem like you can't go anywhere or do anything because you are always on call. Luckily, there's a solution! Reed Property Management is here to take the load off of your shoulders!
In this blog, we'll discuss 5 common signs that it's time to hire a reputable property management company to manage your investment!
You Are Managing Several Properties
Managing several rental properties is definitely a full-time job. Handling tasks such as:
- Tenant requests
- Property inspections
- Background checks
- Payment issues
Can easily leave you feeling burnt out and overwhelmed. When you hire a reputable property management company, it leaves you with some free time to do things you enjoy!
You Don't Live Near Your Rental Property
Do you live in a different region of the country than your rental property? Handling maintenance issues or late rental payments when you're hours away can be very difficult to deal with. If your presence is required, driving or flying to your investment property is both costly and time-consuming.
Fortunately, a property manager will take charge of these situations. It will save you the hassle of an unwanted road trip while keeping you stress-free!
Being a Landlord is Overwhelming
If you're a routine-oriented individual that enjoys a 9-to-5 job, managing a rental home probably isn't for you. It's essential to be available 24/7 to deal with tenant emergencies and other responsibilities. This can be extremely stressful and start to affect your happiness if you don't enjoy being on-call all day every day.
This doesn't mean you shouldn't own an investment property, it simply means you should hire a property management company to help take the load off of your shoulders. We will handle all of the stressful tasks so you don't have to.
You Don't Have Time
Being a good landlord requires lots of devoted time to the properties. Many people underestimate the amount of work that goes into managing a property. If you're not focused on things such as screening tenants or scheduled property inspections because you have another job or prior engagements, it could spell disaster and become a big problem.
Instead of rushing through your tasks as a landlord, consider hiring the services of a property management company. This way, the risk of potential errors decreases significantly, ensuring both you and the tenant are happy.
You Are Struggling To Get Rent On Time
Dealing with tenants who consistently pay rent after the due date can be challenging. It can be uncomfortable and force you to follow up time after time to ask for the payment.
Experienced property management companies know how to handle this very common issue. It requires excellent communication skills and a firm hand if need be. A good property manager does everything possible to receive rent payments as soon as possible.