Investopedia defines property management as the administration of real estate, be it industrial, commercial or residential. In a typical arrangement, it involves management of a property owned by another individual or party. The respective manager will act on behalf of the property owner in the preservation of its value concurrent with income generation. Several types of properties can be managed, including residential properties like apartments, condominiums and rental houses.
Why have your property managed?
The main convenience you would receive from hiring an Indianapolis property management company, like Becovic Management Group, is that you have more free time that you can invest into other areas of your business. But, there are far more benefits than just “saving time”. A recent article from Zillow does a great job of highlighting some of the major reasons to look in to property management:
Quality Tenants. Property management professionals are experienced in evaluating tenants. They are able to determine which tenants would be good or bad for you. They will be able to get you tenants who pay on time, rent for a longer time, don’t cause problems for your property, and take care of their units better.
Easy contact. Without a property management team, you would have to inspect issues and concerns yourself. This could be even more inconvenient if you are living relatively far from your property. With a property management team in place, the tenants can contact him/her right away if they have questions, concerns or any other issues to report.
Lower Turnovers. With a professional property management group taking care of your property, tenants can better enjoy their stay. They will receive timely service, which makes living there more convenient. The fact of the matter is that when tenants enjoy their stay, they stay longer.
Rent is On-Time. A high quality property management team will contact tenants to give them reminders when payment is due. Collection will be consistent and is essential in order to receive rent payments on time. Also you won’t have to worry about dealing with the stress if there are complications in payment, as the management company will take care of it!
Peaceful Life. Worry less. You have a fully trained property management team behind you that is 100% dedicated to keeping your property at its best. Sit back and relax. You deserve it.
Interested in hearing more about what makes Becovic Management Group of Indiana stand out from the competition? We want to hear from you! Contact us directly at (317) 570-0400 or visit our website.
(Property Management, Investopedia, undated)
(5 Benefits of Using a Property Management Company, Zillow, Mar. 30, 2015)