So, you purchased a home with intent to bring in extra income. Good for you! Nationwide statistics show that this is one of the best places you can invest in today’s market. It’s important to remember that your investment property requires more than just a paying tenant.
You may be in the next state over or out of the country. No matter how far you are from your property,you’re probably wondering, “How can I make this easy?”
The first thing to consider – really investing in your home will go a long way to protect your investment! Hiring our team of Real Estate professionals means every last detail is taken care of. With our help, you won’t just have a viable investment through one Lease term. Click here and set up your consultation with NHL Property Management now! You could have an income producing property through the next decade and beyond with our help.
Now let’s take a look at 5 of the best reasons to hire a Property Manager like the professionals you’ll find at NHL Property Management.
#1 - They Handle the Details
Hiring a Property Manager takes the headache out of owning an income producing property. Whether you live out of state or two houses down, treating your property like an investment instead of a personal residence is key. From utility billing to legal action, having a trusted Property Manager in your corner keeps the cash flowing. Without a Property Manager, things like utility bills, city citations, and lost months of rent can really start to pile up…fast. When you hire NHL Property Management every little detail you might have missed is handled with your interest in mind.
#2 - They keep the Cash Flowing
Let’s face it – having an investment property can be a money pit if the tenants in place don’t keep their promises to you. Hiring a Property Management company to stay on top of missed payments means you don’t have to worry. A good Property Manager, like the ones you’ll find at NHL Property Management, watch for missed payments from day one. A tenant should know from the start how important it is that their payments are made timely. In addition to timely payment, a good Property Manager ensures your home is rented at a comparable rate. When rent rates increase in the area, rent on your property should increase as soon as Lease terms allow.
#3 - They Ensure You’re Up to Code
A lot of property investors don’t realize that their home requires regular Rental Certification. Some Property Management companies don’t make city requirements a priority. These two factors together can be a costly recipe for disaster. At NHL Property Management, we make sure that your property gets rental certified. Sometimes this means putting an investment into your investment, but following the city ordinances for a rental property is an absolute must. Investing in your home goes a long way to keep your property in great condition. Not to mention it keeps your tenants safe, happy, and paying.
#4 - They Keep it Occupied
When a tenant leaves it should be the number one priority to get it rent ready and occupied, ASAP. A good turnaround, from vacancy to occupied, is 45 days. A great turnaround is 30 days. Depending on the scope of work after a tenant vacates, NHL Property Management typically falls in the ‘great’ category. A walk through and estimate should be done within 5 days of move out. That gets the ball rolling right away and ensures a smooth transition on your way to occupancy. As soon as a final cleaning is done, showings begin. Hiring a Property Manager also means you have a Real Estate professional to pick the very best tenant for your home.
#5 - They Protect Your Investment
Keeping your home in its best condition is sometimes harder said than done. Hiring a Property Manager means you won’t just have a viable investment through the end of a Lease, but through the next decade and beyond. From gutter cleaning and yard maintenance, to furnace filter replacement and furnace certification – NHL Property Management handles the hard stuff. Anytime a call comes in for maintenance to your home, you want a Property Manager to attend to the issue fast and for a fair price. Having eyes and ears on the ground helps spot any small issues that could turn into a major issue down the line.
Now that you know why it’s essential to hire a Property Manager, we hope you can relax and leave it up to the professionals. With our help, you know you’ll see rental rates increasing year after year. You’ll have the assistance of an experienced Property Manager and the team behind them. Most importantly – you can guarantee a return on investment. We could certainly give you a list of 100 reasons to hire a great Property Manager, but 5 is reason enough.
Nationwide statistics show that this is one of the best places you can invest in today’s market.