Being a property manager requires more knowledge, expertise, and time than you think. Rent doesn’t always automatically deposit each month. Maintenance phone calls happen regularly in the middle of the night and vacancy rates can outweigh occupancy rates if your marketing is not perfect.
You may have one tenant that always pays on time, takes care of the property, and respects your time, but that’s a rarity in the world of property management. Tenants may hold rent in lieu of maintenance problems or they don’t pay rent at all. Do you know how to handle those situations?
Don’t let that turn you off from owning investment properties. Owning a rental property is one of the best ways to plan for retirement, add supplemental cash flow, and benefit from tax breaks.
Hiring a professional property manager will ensure you benefit from those three things and a whole lot more.
Our services are available to tenants 24/7/365. If there’s a serious maintenance issue, then we will handle the 3:00 am phone calls. Not you. We will act accordingly to make sure your home is protected from further damage.
We have implemented a strict tenant screening process to make sure we place the right tenant each and every time. We know what we’re looking for and we know how to ask questions to get an honest response.
We have formed many relationships with local vendors to help maintain your property through each and every tenant. Routine maintenance will keep your property healthy year after year. From shipping HVAC filters to the tenant’s door to testing each and every appliance on an annual basis, we can handle all of your maintenance needs.
Landlord-tenant law is tricky and can change without much notice. Our staff trains on a daily basis to stay compliant with these laws so we can avoid any conflict. Our job is to make sure your investment stays compliant and keeps generating positive cash flow.
Don’t fall for the old “check is in the mail” trick again. At Compass, we don’t accept personal checks through the mail. We require all tenants to pay through their online portal or through a service called PayLease at participating retailers. If the rent is still late, then we will immediately begin contacting the tenant to come to a resolution. Eviction is always our last resort, but when evictions happen, we know exactly how to handle it.
Perhaps the biggest reason for hiring us to manage your portfolio is that it gives you the freedom to continue investing, go on vacation, or live a stress-free lifestyle. You’ll be able to do whatever you want whenever you want.
We’re Atlanta’s number one property management firm for a reason. We’ve been through it all. We’ve made mistakes and learned from it. We have your back 100% of the time.
Trust Atlanta’s premier property management firm to handle all of your portfolio’s needs. Give us a call today to speak with one of our staff about how we can benefit you!
Resource: https://magazine.realtor/commercial/feature/article/2015/09/top-10-reasons-you-need-property-manager