Owning and renting a property sounds easy enough on paper. You provide the space, the renter pays you, and everything is happily ever. Basically free money, right?
Anyone who has rented properties for an extended period of time knows that’s not the case. Murphy’s Law is in full effect when you become a property owner, and before you know it, property management becomes a full-time job for you.
That’s why many busy property owners turn bring on a property manager. It might not quite result in free money, but it brings you quite a bit closer. Here are some of the biggest time-consuming responsibilities that a property manager helps with.
Getting Your Property Rented Properly
One of the worst things that can happen to your property is that it’s empty. At that point, it’s just a cash vacuum. You need continuous renters if you want your investment to pay off. But you also need the right renters. Reliable renters.
A good property manager can take care of all your tenant hunting needs. To attract tenants, they’ll handle showings, place signs, send out email marketing, and more. After that, they can perform interviews, background checks, and handle the paperwork side of things as well.
Rent Collection
So you have the people. Now you need to make sure the people are paying you. A property manager can make sure your tenants are paying on time and in the correct amounts. This money then comes to you in a consolidated sum, along with proper reporting and statements for verification purposes.
Repairs and Maintenance
One last big time-consumer for property owners is monitoring and scheduling maintenance and repairs. A property manager can schedule checkups, field maintenance requests, and coordinate the necessary repairs. All you need to do is cover the bill when it’s done.
Sound Like a Good Deal?
At Metro San Diego Realty, we offer high-quality San Diego property management for an affordable flat rate. We can handle all of the duties above and more. Contact us today, and see how you can take most of the stress off of property management.
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