Property managers provide assistance in numerous ways. But is hiring one the right move for you? Here are a few tips to help you figure out why a lot of landlords hire one and why it’s worth every penny.
What Do Property Managers Do?
They oversee the daily operations of running a rental property. Property managers can also assist with leasing. That is a separate service that sometimes goes hand in hand with property management, but not always. Property managers that assist with leasing provide help as a commercial realtor by finding new tenants. They do this by marketing vacant units in your building. They perform a credit and background check to make sure those tenants won’t turn out into a nightmare later.
Do You Need a Property Manager?
Not everyone with properties requires the help of commercial real estate management in Phoenix. If you have enough time to oversee the business, and don’t mind dealing with the million other things of maintaining a building while seeing to the needs of the tenants, then you don’t need one. But if you have a busy day job so you can’t deal with tenant requests, and you live a considerable distance away that you can’t keep a close eye on your property, you’ll be better off hiring a property manager. Commercial property managers also need accountants, vendor relationships, and much more to efficiently run a building.
How Do I Choose One?
Look for property management firms that offer the services you need. Check if the company has a stellar reputation and track record for delivering quality services. Also, when you ask for a quote, be clear about the services that it covers. If you have any other requests that aren’t on the list, be prepared to pay extra.
What Do I Look For?
Aside from credentials and qualifications, make sure you’re working with certified professional agents. Take the time to go over the reviews about the firm’s agents. Is the majority of the feedback positive? Do they care about their job and the tenants? If they aren’t invested, they won’t provide the quality of service that your tenants deserve, which could lead to a lot of complaints and trouble for you. Make sure your tenants are satisfied by getting a property manager that knows the importance of delivering premium customer service. If you need commercial real estate management assistance in Phoenix, call Everyday Investments Realty for help.