If you lack the time or expertise needed for day-to-day management of your commercial or residential real estate investments, an expert property manager can help you. A property management company can help you:
- Market your rental property to minimize vacancies and maximize income (link: Property managers make their livings because they know the rental market, what comparable properties are renting for, and what potential renters are willing to pay for a rental property. They have the marketing know-how to reach potential renters and they have the experience and resources to weed out potential bad renters).
- Fill vacancies with the best possible tenants.
- Maintain and keep your rental property in good condition (link: Property managers handle and coordinate routine repairs as well as emergency repairs. They have the experience to avoid unnecessary repairs to save you money).
- Track income and expenses to determine profitability.
- Negotiate rental agreements.
- Collect rent and track tenant deposits.
- Comply with federal, state and local laws; and
- Respond to tenant requests and deal with problem tenants.
In short, property managers help you make the most from your rental property and they can save you time. If you have a question about this topic or need assistance with anything else, contact a TierOne Real Estate Property Manager at 801-486-6200 or use the form on the side of the page. We are here to help you with your rental/investment property whether you are a current client or one in the making.
