Would it make sense for you to use a property management company? The answer may be “YES” if:
The more rental properties you own and the more units they contain, the more you are likely to benefit from a management company.
If your rental property is located far from where you live, hiring a property management company can be invaluable in dealing with the many issues that you will not be able to handle from afar.
Many landlords look forward to the challenge of finding good tenants and the rewards of maintaining a safe and attractive property on their own. But if you view rental property ownership as an investment and prefer not to be involved with the day-to-day management of your properties, consider hiring help to manage your property.
Even if you enjoy hands-on management, you may not have adequate time. Maybe you have a full-time career in addition to being a building owner. Or maybe you prefer to spend your time growing your business, including searching for new properties, arranging financing for renovations, or changing your business structure. For these and other reasons, a management company may be the answer.
If your business is growing, you may find that you need a substantial amount of help to manage everything properly. At that point, it might make sense to hire a management company.
If you hire a resident manager or other employees to help with your property, you become an employer. This means you will have payroll and other legal requirements to deal with. You can avoid these requirements by using a property management firm because it is an independent contractor. It is not your employee, and neither are the people who work for it.
Many things change with time, and so has management of multi-unit housing.
We can take a load off your shoulders. Let us:
With the help of our experienced team, we will look after your property as if we owned it ourselves.
Call us today at (306) 244-7955 to learn more!