The Importance of Hiring a Certified Property Manager

Hiring a property manager to manage your rental properties can be the key to maximizing your profits and improving the overall functionality of your business. If you have been finding it overwhelming and frustrating to deal with all the aspects of owning a rental, you may want to consider reaching out to a Certified Property Manager (CPM) to help you with your properties. CPMs can help you with a very broad range of business tasks, such as accounting, rent collection, marketing, lease preparation, tenant communications, and scheduling service work. This is great because it takes the pressure off you, which allows you to focus on your day-to-day life without stressing about your rental properties.

One of the greatest reasons that hiring a CPM is important is because these people/companies are well versed in the local and state laws that would apply to the state that your rental property is in. This is very important because many different laws apply to different aspects of renting out your property. Laws outline specifics for topics such as screening tenants, collecting rent, evictions, pet policies, anti-discrimination acts and there are many more. Hiring a Certified Property Manager grants you some peace of mind when it comes to ensuring that all laws are abided by.

Screening tenants before lease signing is vital in ensuring that the tenant in your home is going to pay rent on time, not destroy the premises, and not disturb other tenants in the building. Many property management companies already have the screening process built into the management system software, making it that much easier to quickly screen tenants and decide on whether they should be approved or not based on credit information and criminal record.

Collecting rent from your tenants can be a daunting task for anyone, but especially for the property owners. CPMs are trained to ensure that rent for each tenant is paid on time and to act against those who are not paying on time. Collecting rent for each tenant is important because that is how you make your money as a landlord!

With a Property Manager, you won’t have to worry about late-night calls about your tenants not having heat or a leak. The property manager will handle all service calls and ensure that the proper maintenance is scheduled to make repairs promptly. This is such a perk to the property owner because no one wants a call at 1 am from an irate tenant and then have to scramble to figure out how to fix the problem. CPMs are trained to handle these exact situations.

Marketing is a breeze as well with a CPM because they have access to many different avenues of advertising.  Marketing sites such as Rently, Zillow, and Apartments.com allow your unit to be advertised to a wide range of audiences. Your property manager may even market your unit on social media sites such as Facebook, Instagram, or TikTok if they have a large social media presence. Ensuring that your property gets seen is vital in the process of finding a great tenant.

 

Having an expert in property management is also great because they know the ways that things can pan out over time. If a situation arises and you’re not sure how to handle it, the property management team is more likely to be able to offer some insight and guidance on what a good decision could be for you to make. Property managers maintain a vast portfolio of properties, and this means that they have likely encountered many different problems or issues that could pop up.

There are many more reasons that hiring a property manager is worth the cost. You are getting professionalism, peace of mind, and your time back! It’s always important to do your research and thoroughly ask questions when you are looking to hire a new company. You don’t want your business to be in the wrong hands.

If you are in need of a property management team, reach out to our office at Harvey Goodman Realtor Property Management. We provide professional property management services to the Ohio Valley area and would be happy to help you maximize your profits and take the heavy stuff off your shoulders. Call our office at 740-695-3131 for more information!