Are there benefits to hiring a property management company?
If you are a landlord, you can make a passive income–that is, if you put in the work upfront and as you rent out the property. You will be in charge of collecting rent, screening tenants, paying for maintenance and repairs, and more. Are you prepared for the benefits and challenges of being a landlord? Why should you use a property management company?
Get Professional Business Help
A property management company takes on the various business aspects of being a landlord. Why should you use a property management company? It might be a wise decision to use their professional, organized services if business is your weak point or if you don’t have the time to invest in it. There is no better help to hire than professional help.
Find Great Tenants
One of the reasons that landlords end up with nightmare tenants is that they did not have the experience to avoid them. Using a property manager can help you get off to the right start with fantastic tenants, whether commercial or residential. Even if you feel you can do the rest yourself once you have great tenants, you can thank the property manager for connecting them to you in the first place.
Deal with Difficult Tasks and People
Are you mild and soft-hearted? Do you have the mental wherewithal and experience to deal with potentially dangerous people? If worst comes to the worst, you will have to deal with chronically late payments and tenant evictions. Do not let people take advantage of you and overrun you! A property manager can deftly deal with these situations.
What Else to Know about Using a Property Management Company
Be aware that the property management company will likely take around 10% of your monthly rent income as payment for their services. You should also be cognizant when agreeing to which maintenance contractors the company hires and how much they are charging.
Is a Property Management Company Right for You?
Outsourcing property management is helpful for finding great tenants and managing the hardest parts of being a landlord. If you believe using a property management company is right for you, Clagett Enterprises can help you in Maryland!
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook and Linkedin.