As a Property Management Company in Buford Georgia, I get this question several times a week and often times once a day. After nine years of offering property management services, I believe property managers provide several key benefits.
First on the list would have to be time saving. There is a lot that goes into finding a resident and getting a property rented out. Just to name a few, getting a home rent ready, marketing the home on all of the online sites, showing the home, checking background, credit, and references of applicant, signing lease agreements, performing Move-Inspections, handling maintenance request, scheduling repairs, collecting rental payments, and performing safety and property preservation inspections.
Next on the list would have to be periodic property preservation inspections. The home can be your most expensive asset. A little neglected maintenance can turn into a major repair quickly. Forget to clean the gutters and the $65 gutter cleaning will turn into a $5,000 repair due to replacing a 15 foot section of wall studs and exterior siding. I just oversaw a $15,000 repair. An overlooked crack in shower grout will can turn into a $3,000 new bathroom floor. This list could go on for days.
Let’s not forget liability. Lawsuits against rental property management companies is not a rare occurrence. Happens all the time. I once received a call from an individual who was seeking $5,000 repayment in hospital bills. Apparently, he slipped on some ice in our parking lot and broke both his ankles. In the end, come to find out, he had been drinking all night while visiting one of our residents and fell down while running and sliding on the ice at 4:00 am. When you hire a licensed and insured property manager, you buffer yourself from most liability.
Hiring a property management company should not be an expense. Most management companies have in house maintenance and repair people who can perform work less than you can hire someone. Our company has negotiated prices with our contractors that are far less than you would pay. This is not uncommon. This savings alone typically pays for the management fee in the end.
Last but not least. You can keep your sanity. This is not an easy business and dealing with a repair issue on Friday afternoon can be downright aggravating. It’s 30 degrees outside and a call comes in for a HVAC system that is not working on Friday morning. If it is not fixed by that afternoon, the cost will go up 50% if it has to be fixed on the weekend. You can’t expect the resident to go to long without heat. The judge won’t either.
So, there you go five reasons why you should hire a property management company. 4th Avenue Property Management is a Property Management Company in Gwinnett County, Georgia. We offer Property Management Services specializing in rental property management in Lawrenceville, Buford, Suwanee, Sugar Hill, and Dacula Georgia. If you are currently selling or renting a home, visit us at http://4thavenuepropertymanagement.com/, for a solution to your real estate needs.