3 Circumstances Where You Should Consider Hiring A Property Management Company

Posted on: 5 July 2016

Hiring a property management service is a great option if you have rental properties. But that doesn't mean that everyone does it. Instead, there are many people who choose to manage their rental on their own. However, there are certain circumstances when you should definitely hire a property management company to help you with your property. Here are a couple of those circumstances.

1. You Live Away From The Property

It is imperative that you have someone close to the property who can help to care for it. You should be checking in on the property often, even if it is just a drive by. If not, things could get trashed, you could have problems, or the property could get vandalized or damaged.

In addition, the tenant will probably need repairs and help from time to time. If you aren't there to help them, it could become a problem for the tenant. This is why hiring property management in this situation would be ideal. They will be able to ensure that your property is safe, that repairs are done quickly, and that the tenant is well taken care of.

2. You Have Multiple Properties That You Are Renting

It is not uncommon for people to purchase a complex of some sort and rent out multiple properties. This is a great way to receive investment income that is steady. However, just because it is investment property doesn't mean it will be without effort and work. You will soon find that managing these properties, collecting rent, and working with the tenants can become a full time job. If you don't have the time to spend on managing the properties, you should consider hiring a property management service. They will take care of all of the work for a small fee. This is totally worth it for many people, considering the amount of time they save.

3. You Don't Want To Screen Tenants

Finding people to rent your house can be very hard and frustrating. You don't want just anybody living on your property. You need to be sure that they can make their payments, that they are honorable, and that they will be good renters. This requires that you do credit checks, background checks, and interviews.

When you hire property management, they will go through and do the whole process. You can be sure that the tenants are responsible and good without having to do the work yourself.

These are just 3 circumstances where you should hire a property management service like Shook & Tarlton Rentals.