Is A Property Management Company Necessary?
Many homeowners choose to self-manage their investment properties, but an increasing number are choosing to have their rentals managed through a property management company instead. Most of the homeowners we work with at On Q Property Management take a very active interest in their rental property but do not want to deal with the hassle, time commitment, or headache that investment properties can sometimes turn into. The following factors may help you decide if hiring a property management company would be a good solution for you.
Managing a rental property requires time. If you are limited on time, it may be hard to give your rental property the proper amount of attention that will be required. You will be responsible for billing, collecting payments, completing property inspections, maintaining the property, and arranging any repairs. Many of the homeowners that our Property Managers work with often find that they are too busy to deal with the every day details, especially if they do not live in Arizona.
Property Management companies can find and screen prospective tenants for you. A background check will show the rental history to help determine if someone will be a good tenant and will make their monthly payments on time. We have experience with finding quality renters that you will feel better about having living at your investment property.
As any investment owner knows, tenants can be stressful. Some require a lot of attention and can be quite demanding, so it is helpful to have a Property Manager that can serve as a liaison between you and your tenants. Your renters will also feel more comfortable knowing that they have a point of contact to take care of any unexpected issues or emergency repairs.
Professional Property Managers are well versed in Landlord-Tenant law and are required to keep up on any new legislation. If you have problems with tenants, a Property Management company will know how to step in quickly to resolve any issues. Additionally, a Property Management company will know what steps need to be taken to evict a tenant if that scenario ever presents itself.
Maintenance & Repairs
It’s unavoidable; at some point in time your investment property is going to require maintenance or repair. On Q Property Management already has relationships developed with vendors to guarantee you will have quality work completed on your rental property at a competitive price. Even better, you can log onto the interactive customer portal and review the estimates, approve any that you’d like done, and before and after pictures of the repairs… all from the comfort of your home!
These are just a few of the reasons that more and more people around The Valley are choosing to use On Q Property Management to manage their investment properties. A Property Manager can not only help you market your property and find quality tenants, but also manage the relationship and expectations that the tenant has throughout the lease. Stressful events such as emergency repairs or even eviction proceedings will go a lot more smoothly with an experienced Property Manager standing next to you.