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Should you invest in property management in the capital region for your rental properties?
December 7, 2021 at 4:00 PM
For rent sign on a building door

It’s a decision that most property owners will face at some point — to hire or to not hire a property management company to oversee their rental properties. Maybe this is your first time renting out the property, or perhaps you’ve added more properties to your portfolio and you can no longer afford to be hands-on with managing them.

At Reliable Properties, we believe that hiring a professional property manager can resolve a lot of the hassles involved with managing a property. However, we also understand that you need to know the benefits of such a decision before making it.

Here’s why hiring a property management company in the capital region for your rental properties is the right step in the right direction for you.

1. It frees up your time

Property management is a time-consuming task. As the manager, you are the first point of contact whenever something comes up at the building. You are essentially on call 24/7 and your tenants expect you to resolve any issues in the shortest time possible. There’s also tons of paperwork to deal with, chasing down late payments, ensuring compliance with regulations — it’s basically a second full-time job.

Hiring an experienced property management company to handle these tasks frees up your time. No more worrying about taking care of leaking pipes and broken windows, or dealing with tenant disputes. You can live with the reassurance that your property manager is taking care of all the day-to-day running.

2. It allows you to invest in properties outside your geographic location

When managing your own property, you’ll need to live in the building or at least stay somewhere close by so you can respond to maintenance requests quickly. It also means that you won't be able to tap into other real estate opportunities outside your geographic location since you don't live there.

Hiring a property manager solves this problem for you. They can help ensure that there are boots on the ground even if you live in another city or state.

3. It allows you to have higher quality tenants

Your tenants are the key to successful rental property investments. The last thing you want is a tenant who doesn't pay on time and causes significant damage to the property. While it’s certainly possible to kick them out of your property once they’re in, it’s generally better to avoid accepting them in the first place. This saves you the hassles and time wasted on lengthy back-and-forths tryin