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What are the Benefits of Hiring a Property Management Company?

This can be one of the first questions a buyer asks after purchasing an investment property.   Whether that owner is purchasing a large commercial property with several tenants, or has acquired multiple residential rental properties, the answer can usually be boiled down to the following:  how involved do you, as the landlord, want to be in the day-to-day operations?

A few of the benefits a property management and maintenance company offers are as follows:

  1. Capacity and experience to more efficiently and effectively collect rent and enforce the terms of a lease;
  2. Perform preventative maintenance to the property that can prolong your investment’s lifespan;
  3. Thoroughly and uniformly screen prospective tenants to avoid problems and litigation; and
  4. More actively market your properties to minimize vacancy.

Finally, active property management not only lessens the landlord’s workload but can also decrease tenant turnover with increased responsiveness to tenant complaints.

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