Why Would a Landlord/Investor Want or Need a Property Manager?

Renting out your own property can be a financially rewarding investment. However, as you may quickly find out, it can also be disproportionately time-consuming.

That is exactly where a property manager can come in handy. While you can certainly choose to manage your property by yourself (if you have the free time), it can quickly become impractical for the average owner to do so. After all, who has the time to set rent, collect rent, screen new tenants, schedule maintenance, and manage budgets all day?

Well, property managers do! That’s what we specialize in.

So, as a landlord or investor, why would you want to bring in a property manager? Here are three reasons you might not have considered!

You Don’t Live Next to Your Property.

Maintaining a property requires a decent amount of in-person activity. Whether it’s checking out property damage or meeting new tenants, it’s important that a real person has availability to tend to the needs of the property. If you travel often — or simply live far away — this creates some obvious challenges.

Fortunately, a great property manager will provide you with real-time information about your property, while also giving administrative assistance. After all, you should be able to stay up-to-date on your investment, regardless of where you are in the world.

You Need Emergency Maintenance Services.

Maintenance plays a critical role in preserving and improving your property value. A great property manager should be able to dispatch emergency maintenance teams to your property within 24 hours of receiving notice of a problem.

You Want To Grow Your Portfolio.

Ultimately, having a property manager to oversee your portfolio is the only feasible way to scale your operations. Not only do great property managers handle all of the administrative and maintenance work for you, but they also ensure that every step of the process is done legally and that all funds and resources are properly accounted for.

At Reliable Property Management, INC, we specialize in property management. We have over 15 years of experience in serving owners and investors throughout the Baltimore metro area. Our experts will help you to maintain and improve your property, while always striving for a great tenant experience.