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4 Good Reasons to Hire a Property Manager

Whether you’ve owned rental property for a while or you’re just about to buy your first property, you’ve probably wondered if it’s worth hiring a professional property management company to handle your tenants and buildings. The answer is almost always yes, and here’s why.

1. Landlord duties are overwhelming

Being a landlord is a fast way to make sure you don’t have much, if any, free time to yourself. If you enjoy your days off relaxing, watching movies, spending time with friends and family, barbecuing in the backyard, walking your dog, or playing with your kids, you won’t have time for that when you’re a landlord.

Instead of enjoying your days off, you’ll be scheduling maintenance and repairs, answering calls from tenants at 3:00 a.m., and handling emergencies. The more properties you own, the more you’ll be doing these things.

Seasoned investors hire property managers because they get everything done for them, from screening and selecting tenants to rent collection and lease signings. For instance, Fort Worth property management company Green Residential manages all of these tasks and more for their Texas investors. 

Having a pro manage your properties and tenants is the easiest way to support your investment business when you’re planning on buying multiple properties.

2. Tenants can be needy

Some tenants can get extremely needy, and not in the way you might think. It makes sense for them to call you when something breaks, there’s a leak, or some kind of issue with your property. 

However, high-maintenance tenants tend to call their landlords often about things that aren’t the landlord’s responsibility, they call late at night about things that aren’t emergencies, and they contact their landlord on a frequent basis.

For instance, they might call if their sliding closet door comes off the track and they just don’t know how to put it back on. This is understandable but doesn’t need to be resolved at 11:00 p.m. Another example is when tenants call their landlord at 2:00 a.m. to complain about noise from next door or a barking dog. Sometimes, tenants call nonstop about every scratch, noise, and creak, and ask random questions that a landlord shouldn’t need to field.

When you hire a property management company, they’ll set strict boundaries with your tenants from the start so that they don’t engage in this type of behavior.

3. Landlord-tenant laws are complex

When you aren’t fully versed in landlord-tenant law and don’t have an attorney on retainer to consult at any time, you’re more likely to make a costly mistake with your tenants. The most common mistake is improperly evicting a tenant through self-help methods, like shutting off the utilities or moving their belongings into the yard. Other, more subtle ways you might break the law is simply by not giving them proper notice for lease changes, including rent increases. Making these mistakes makes you prone to lawsuits and losing your eviction cases.

There’s nothing like getting yourself into a pickle with a tenant because you made a mistake and violated their rights under the Fair Housing Act (FHA). For example, if your property is governed by the FHA, you can’t reject emotional support animals (ESAs). You can require your tenant to provide proper documentation from a qualified healthcare professional that expresses their need for their ESA, but you can’t deny a legitimate request. However, if you search for advice online, you’ll find people who insist that ESAs don’t have the same rights as service animals and you can deny those requests.

This is only half-true. The only landlords who can reject ESAs are ones that fall under the narrow FHA exemptions, but if that’s the case, they can reject service animals as well (see Nolo). ESAs don’t have the same rights as service animals in public spaces, but they do have the same rights where housing is concerned.

4. Marketing and advertising is tough

While it’s possible to learn marketing on your own, it’s not going to be easy if you don’t already have experience. You’ll have to spend a lot of time learning and making mistakes to figure it all out.

When you contract with a property management company, they’ll advertise your vacancies in all the right places with professional photos and enticing ads to get your units rented quickly.

Your time is valuable

If you’re going to own rental property, hiring a property manager will give you more time to yourself. Your time is valuable and it can be a full-time job taking care of just one tenant. Do yourself a favor and delegate your landlord duties to a professional to make your life easier.

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