We all know, it can’t be all fun and games when it comes to real estate investment. It’s a great way to earn some extra money and keep several properties, but it does have its drawbacks. So we will take a look at those issues and what you, as a real estate investor, can do about them.
There are 3 main issues for real estate investors listed below.
There are several areas in which tenants can create issues, late payment, safety concerns and damages to the property. First, all of these issues can be diminished or prevented with a thorough tenant screening. This ensures that you are getting a quality tenant, making the other concerns less of an issue. And if there are issues with rent, having a good property manager that will collect rent for you makes that problem so much easier.
All real estate requires some kind of maintenance at some point. It could be something as simple as replacing light bulbs to something more drastic like a plumbing replacement. If neglected, issues can get worse and return on investment could decrease significantly. You want your maintenance and repairs to be handled in a cost effective, timely manner. This is another area for a good property manager to take care of, as they have the connections to get you the work you need at a decent price.
Property management –
So all the issues above rely on one common factor, a good property manager. So it’s safe to assume that without a good property manager, real estate investment is probably not so fun. So, how do you know that you have found a good property manager, what makes on property manager better than another? Communication, knowledge, and professionalism, this means that they have a wealth of knowledge that they communicate with you and a professional team of staff that is there to assist when other issues arise.
As a property management company, it is in our best interest to help our real estate investors succeed. If they don’t succeed, we don’t succeed, so it up to us to provide the best service possible. We provide services for real estate investors ranging from marketing and advertising, to accounting, evictions, inspections and so much more.
If you have any questions regarding our services, don’t hesitate to give us a call. We’d love to work with you or go over any concerns you may have.