Top 5 Benefits of Having a Local Property Manager
In real estate investing, and in life, sometimes you don’t even know what it is that you don’t know. What I mean is that a local expert may know things about the local market and how to take advantage of it. A local expert may know the in’s and out’s of a concept that you have not even yet thought about. Hiring a local property manager is an essential tool when it comes to successful real estate investing. Sometimes a simple tweak is all it takes to go from losing money to having a great return on investment. A local expert will have the know-how, and the connections, to make your investment property run like a well-oiled machine.
As a landlord in St. George, UT, are you one who likes to be involved with all of the day-to-day goings-on of your tenants or are you the kind of landlord who would rather not get fix-it and other types of calls from your tenants every weekend? If you’re like us and would much rather get a third party to take care of all that stuff, you should definitely employ a local property management company to take care of all the investments you have made in real estate. Paying a small percentage for local expertise and management is a small price. Even though they will take a piece of the revenue produced by your rental, the pros far outweigh the cons.
Our recommendation is to make sure you do your research and get to know more than one company because it can be an important choice since each company may not provide the same types of services and some are definitely better than others. You want one that is best customized for your particular needs. But trust us, once you hire a St. George property management team, it will be very difficult to go back to living without one. Managing your rental properties can be a full-time job. Keeping tenants happy and rents paid on time can require a great deal of time and energy. At Holiday Resort Realty, we make that process turn-key.
Defense from High Maintenance Tenants
The number one problem you can face as an investor is the problem of bad tenants. Don’t screen them yourself. We have been doing it for years, and we know what to look for. Our experts are very good at spotting red flags on tenant applications. Allowing a property manager to filter through all of the tenant applications will dramatically increase the likelihood of scoring a trustworthy and reliable tenant. Small red flags can be big problems later.
No More Tedious Phone Calls from Tenants on Weekends or After Hours
Let’s face it, it’s almost never convenient to have to make the trek over to a house you own and look it at in person when a tenant calls with a problem, especially if it’s at night, on weekends, or if your property is far away from where you live. Hiring a St. George property management team can relieve you of this stress by acting as the point of contact for all of your tenants all the time. They will set up a house visit from a service company to take care of whatever the issue might be. They will take this burden off your shoulders. Tenant issues can be never-ending. The more time and money you have to spend to keep tenants happy, the less ROI you see. We cut all of that out. Tenants contact us, we solve the problem efficiently, the tenant is happy, and you are happy.
Increase Tenant Longevity
Making renters content and satisfied is the thing that property managers do best. When tenants call, we answer. A professional local property manager is prompt, on the ball, and readily available. Satisfied tenants increase the probability of them staying in your property for a long time and not finding a new place to live. Tenant turnover is annoying and a big hassle and can be avoided by hiring the right property management team. Our tenants stay longer than industry average because we do what it takes to keep them happy and paying for as long as possible.
Timely Monthly Rent Acquisition
Property management groups do everything possible to make sure that tenants pay rent on time because property management groups typically withdraw their fees straight from the monthly rent. This means that our incentives are directly aligned. You want rents paid on time, and so do we. Obtaining the monthly rent on time is largely dependent on staying persistent regarding the implementation of lease policies. In the unfortunate event of a tenant falling behind on rent, hiring a property management group will make it so you don’t have to deal with the eviction process. That process can be extremely expensive and time-consuming. A local Property Manager expert can handle that issue efficiently and effectively.
Lower the amount of frustration regarding rentals
Ask yourself this question, did you get into real estate investing because you wanted your life to be more stressful, or less? Real estate investing should create passive income. Passive income creates freedom and thereby, eliminates much of the day to day stress caused by the typical rat race. Less stress equals happier and more personal time. We can do that for you. We focus on managing your rental properties the best way possible. You focus on your life. Get back to doing the things you hoped to do when you first got into the investment game. We can take care of the rest. The team at Holiday Resort Realty has been in the St. George Utah community for several decades. Our know-how and our relationships are irreplaceable. Hiring a local property manager adds to you makes choosing our firm a no-brainer. Give us a call today to set up a consultation about your rentals.