Pros and Cons of Hiring a Property Manager

George Trombley of Blackbird Realty and Management, Inc. talks about the pros and cons of hiring a property management company to look after your investments. One of the most important things a property manager can do for you is putting a qualified tenant in your property. Through a proven system in place, a property manager can determine within a short amount of time which tenant is the best fit to live in your property, and have your business up and running immediately. This will save you a lot of money in lost rent due to vacancy, and a lot of headache from potential bad tenants. Property managers also have a lease agreement that comes with rules and protocols that already comply with state and federal laws. This will save you a lot of time researching about the applicable laws in your area and writing your own contract. Being a property manager is a 24/7 job, you may receive a call from your tenant for certain issues on any given moment. Property managers can take these calls for you, and deal with the tenant so that you can focus on your next investment. Property managers will also handle issues such as unpaid rent and will pursue the tenant for any legal obligations, saving you from all the hassle and aggravation. Property managers are usually partnered with professional contractors that will maintain your property for you. Hiring a professional contractor may be more expensive, but hiring an amateur may cost you a lot more than just money. All these good things do come at a cost for you. There will be fees for our services and we will have to make decisions that will serve the well-being of the tenant within your property. But paying a small fee for all of our services is nothing compared to all of the stress and aggravation we are taking out of your way.