If you’ve got property to manage in the Indianapolis area, it is best if you live relatively close to the location. This lets you handle tenant complaints quickly and help right away if there are any emergencies that take place. If you live out-of-state, you won’t be able to quickly answer and tend to tenant complaints. Multiple properties can also be a burden on you; adequately managing multiple properties can be hard for one person. But, property management companies have the manpower to take care of these properties with efficiency, which allows you to focus your attention in other areas of your business.
Property management is not an easy task even with just one property. As a landlord, you have the responsibility of ensuring that your building is not only in good shape but also that your building has tenants. If you plan to learn as you go, it can be quite expensive. For example, hiring the wrong people to maintain your plumbing could result in additional costs and fees in the future. If you have a building with plumbing problems, it would probably be fairly difficult to keep your rooms full and your existing tenants happy. Vacancies mean rooms that aren’t paid for, which is lost revenue for you!
Professional property managers, like Becovic Management Group, can relieve you of the heavy lifting that comes with property management while helping maximize profits. Give us a call at 317-570-0400 or shoot us an email by clicking here.
When Should a Landlord Hire a Property Management Company?, NOLO
Should You Hire a Property Manager?, About.com
What Are The Benefits of Using a Property Management Company?, ManageMyProperty.com