If you are an owner or an investor who has been managing your own property, you know that a lot is required to get the job done. Today, we’re answering a question that we hear quite often: Is hiring a property manager necessary?
Experience and Expertise
When hiring a property management company, find out if they are licensed. Oklahoma is a state that requires property managers to hold real estate licenses. You’ll also have the benefit of working with someone who has the training, experience, and expertise to properly manage your rental property. Before you hire a manager it is important to find out how long they have been in business and how many properties they manage.
Property Management Oklahoma City Technology
Today, property managers have access to innovative technology and software tools that can make the management of your property more efficient and seamless. Industry specific software allows property managers to take applications online, run background checks, send and sign leases, track incoming maintenance requests, accept tenant payments online, communicate electronically with owners and tenants, and send owner payments electronically.
Protecting Your Property
Another benefit to using a property manager is that you know your property is being watched over by a professional. Your manager will drive by the property routinely and take note of things such as whether there are more cars than there should be, or if the lawn needs maintenance, or if there is evidence of unauthorized pets. When maintenance is necessary at your home, your property manager should make sure the proper professional is called for each maintenance issue, oversee the work, and be sure it is handled in a cost efficient manner.
Saving You Time
All the things a property manager does will save you time. You don’t have to screen your tenants or show the property to prospective tenants. Your phone won’t be ringing all day, all night, or all weekend. This will leave you a lot of time to do the things you enjoy.
When you work with a property manager who has the proper training, experience, and credentials, you will earn more from your investment and ensure it’s protected. Professional management is a worthwhile investment on your part.