Why a Property Management Company Is a Real Estate Investor’s Best Friend

Property Management Company Brevard County, FLSometimes there aren’t enough hours in the day to do it all. If you are a real estate investor, you probably know this all too well, especially if you own several rental properties. With all the responsibilities that come with owning and renting out multiple properties, it can be very overwhelming at times. This is where a property management company can be your best friend and allow you to focus on other areas of your business, or to just have a normal life outside of business.

What A Property Management Company Can Do For You

  • Collect rent. A property manager will collect rent from your tenants for you, saving you time. The management company will deal with renters who are behind on their payments and assess late fees. Rent and any other fees collected are then deposited into your account.
  • Handle legal matters. Having to go to court to evict a tenant or seek restitution for damage to your property is time-consuming. A property management company will handle all the legal paperwork and act as your representative in court. They will also take care of creating and enforcing lease agreements.
  • Arrange repairs. Do you want phone calls in the middle of the night from a tenant when something breaks? A management company will field these calls for you and ensure that repairs are made in a timely manner. They often have a vetted group of contractors to call for repairs. This saves you the hassle of trying to find a plumber, electrician or handyman at a moment’s notice.

There are many benefits to hiring a property management company. They can oversee your properties and help you maintain better control over your real estate investments. It can be a cost-effective approach to maintaining your properties and cut down on the time you would spend if you did everything yourself.

Contact us at All Brevard Property Management to learn more about our property management services in Brevard County, FL.

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5 Benefits of Hiring a Property Management Company

property managementOwning rental properties can be a huge nightmare if you aren’t prepared for all of the responsibilities and obligations. Hiring a property management company is a cost-effective and time-efficient way to handle your property management needs. Below are some of the main responsibilities of a property manager.

Rent Collection

A property management company will collect the rent and make sure that reminder notices are sent out to individuals who fall behind in their payments. They will collect late fees as well as any other charges that may apply and deposit them into an account.

Takes Care of Repairs

Management companies will also take care of any repairs that need to be made to rental properties. Most companies have a list of plumbers, electricians or repairmen they can contact when repairs are needed. The work is performed in a timely fashion and the repairs are paid for out of an account that has been established for that purpose.

Assists with Legal Matters

Property management teams also handle any legal matters involving rental properties. This includes eviction notices, rental and lease agreements and filing suit when the property has been damaged by renters. The property manager for each unit is responsible for making sure all legal notices are filed in a timely fashion and ensuring that all cases are followed through to completion.

Solicits New Tenants

When vacancies occur, a property management company will advertise the opening and work with prospective tenants to finalize the legal paperwork needed to get them moved into the property.

Communicates with Tenants

Tenants work directly with the property management company for any issues they may have. A property manager is assigned to each property and will work with the tenants at the location when it comes to collecting the rent, ordering repairs and making sure the property is in excellent condition. The property manager also relays any concerns to the owner of the property and takes any action that they deem necessary.

Property managers handle all of the responsibilities associated with owning any type of rental property. Hiring the right company will put your mind at ease and allow you to focus on other parts of your life. Take a look at the services we offer. If you’re searching for a property management company in Brevard County, FL, contact us to see how All Brevard Property Management can assist with your property management needs.

 

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