Perks of Using a Property Manager

Key Reasons to Use a Property Manager

1.  Saves You Time

• Property managers are MASTER time-savers. They handle all the daily tasks like collecting rent, coordinating maintenance, and managing tenants.
• In the case of having multiple properties or if you don’t live close to your rentals, property managers become especially beneficial and give you time back to focus more on expanding your portfolio as an investor. 

2. Tenant Screening

• Getting a reliable tenant in place is VITAL to having a more stress-free experience as a property owner. Proper credit and background checks are important, but finding a property manager that calls previous landlords, personal references, and checks for past evictions will reduce the risk of late payments and evictions. 

3. Handles Legal Issues

• Property managers are well versed usually with federal and state landlord-tenant laws (evictions, leases, safety regulations), reducing your legal exposure. Their understanding of legal forms also helps with an easier processing of legal forms for any potential evictions.

4. Efficient Rent Collection

• Rent collection can be one of the biggest issues for property owners. Tenant excuses and chasing them down for payment can be exhausting. Property managers are efficient at collecting rent consistently and enforcing deadlines. They can handle late payments professionally and collect late fees. 

5. Maintenance and Repairs

• Property managers have access to a whole network of locally vetted contractors and service providers. The working relationships between property managers and contractors can also offer chances at better rates. They also handle emergency repairs which allows for less stress on the property owner. 

6. Market Knowledge

• Market rents can fluctuate and are based on the local market conditions. A property manager has access to market resources and current knowledge of market trends which can help set a competitive rent, reducing vacancies, and maximizing income.

7. Marketing and Advertising

• They also have access to marketing and advertising to list your property effectively for rent, ensuring quicker tenant placement. Their professional networks allow them access to more tenants more quickly as well.

8. Improved Tenant Retention

• Having the property well-managed with efficient communication will create an overall better experience for the tenants leaving them happy and less likely to move, reducing turnover and vacancy costs.

9. Detailed Financial Reporting

• A established property manager has reporting systems that will provide the property owner monthly and annual reports with ease and at a moment's notice. This makes tax time and profitability tracking much easier.

When Hiring a Property Manager Makes the Most Sense

• You live far from the property - A property manager provides real boots-on-the-ground to keep an eye on the overall condition of the property.
• You don’t want a second job managing real estate - Property managers give the biggest gift of all --- your time back. 
• You own multiple units - Owning and maintaining multiple units can distract you as the investor from focusing on building your real estate portfolio even further. 
• You’re unfamiliar with landlord laws - All property owners have to abide by landlord-tenant laws and not knowing these laws does not protect you from legal retribution.
• You value passive income and minimal stress - A good property manager will ensure your rental income while giving you an overall less stressful experience.

How Ring the Bell Realty Property Management can help you

         Hiring a property manager isn’t just about convenience—it’s about peace of mind. Whether you're short on time, live far away, or simply want a hassle-free investment, using Ring the Bell Property Management can turn your rental(s) into true passive income. From finding reliable tenants to handling pesky maintenance calls, we've got it covered—so you don’t have to.
We service everything and everyone from the young investor just starting out, accidental landlords, DIY landlords, and seasoned investors will multiple units and multiplexes. Ring the Bell Property Management is here to fulfill your goal of steady income, reliable tenants, and less stress.