Should I Hire a Property Management Company?
When it comes to investments, many people have chosen to invest their money in the real estate market. These investment properties can be very beneficial financially, but they require time, experience & expertise, people-skills, travel, etc. It’s exciting and overwhelming! If you find yourself leaning more towards the “overwhelmed” category, you may be wondering if hiring a property management company is your next best step. If you’ve been asking yourself this question, it’s important to consider a few things: what are the signs that I should hire a PM company, and what can they do for me?
To begin, start by asking yourself these two questions:
- Do you enjoy managing your rentals? Property management requires a lot of work-both on the home as well as with potential or current tenants. Know yourself: do you feel drained by the work or is it energizing?
- Do you have the time? If you have multiple properties or own homes in other cities/states, you may find yourself unable to manage them as well as you’d like to. The number varies depending on your other responsibilities, but most investors hit their threshold around 3-5 properties. Investing in other real estate markets is great for your portfolio, but you can't drive over when an immediate need arises.
If you answered “no” to either of these questions, it’s a good idea to consider how property management can benefit you. At LEAGUE, our property management team has the experience and expertise to handle every aspect of real estate, property management, and client relations. Our goal is to take the pressure of management off your shoulders so you can sit back and enjoy your investment. We do this using our 4 areas of service: Advertising & Leasing, Management & Maintenance, Accounting, and Paperless Office.
First, we use our unique and creative online marketing backed by the LEAGUE Real Estate brand. We know DFW well and we know where to advertise to find the best quality occupants. We schedule all showings, diligently screen potential tenants (income, credit, criminal, drug, eviction, and previous landlord), and negotiate lease terms...all to protect your investment!
Second, we do all the maintenance! Our fees are competitive and we use state of the art management software. We handle rent collection, move-in and move-outs, including the dreaded evictions when needed. We coordinate all maintenance needs, routine inspections, and ensure local code compliance. We continually evaluate the rental market to make sure your investment is working for you!
We also offer our clients comprehensive accounting statements, which are provided monthly and at year-end for tax purposes. These statements include copies of all maintenance, utility invoices and receipts to ensure a clear understanding of the exact operating costs and continual awareness of all financial matters pertaining to your portfolio.
Lastly, we make it easy by using a cloud-based property management platform. You stay informed through your Owner Portal which provides access to financial statements and documents. You can even send & receive funds from the palm of your hand! Your residents can also use their Online Portal for managing maintenance requests and payments (also available as a mobile app).
At LEAGUE, we aim to provide meaningful client experiences, starting with the first enquiry to every day onward. With our values based on excellence and open communication, we do everything we can to make your experience the best it can be. If this has piqued your interest and you’d like to learn more, please visit our property management website at www.leaguepm.com or give us a call! Whatever you need, we're here for you and #ReadyToServe.