Wednesday, October 2, 2019

Signs You Should You Hire a Property Manager

The choice to become a landlord is an easy one at first. After all, investment properties are only worthwhile if they're being leased! As you take on more and more tenants, however, the part-time investment of your time can become more demanding. If you're debating whether or not you should hire a property manager, Scott Safadi of Cal Bay Property Management recommends looking for these signs:

You Spend Your Nights and Weekends on Landlord Duty

Many property owners turned landlords underestimate the demands that tenants can have on their time. Even when HVAC systems are functioning properly and the plumber doesn't need calling, tenants will still reach out for help. It's exhausting being constantly on-call. A property manager could take these duties off your plate.

You Struggle to Fill Vacant Units

Marketing a property is challenging and time-consuming. Posting flyers and ads on Craigslist will help, but for stubborn vacancies you can't seem to fill, you'll want to call in the experts for support. A property manager can help you target your ideal kind of tenant and ensure your marketing efforts are going to waste.

You're Not Sure You're Following Housing Laws

There's no college major for becoming a landlord - most people just fall into the role. Unless you're a lawyer, you're probably not well-versed in the rules and guidelines that surround the Fair Housing Act. If you're worried you might not be following these laws, it may be time to bring in a property manager for support.

- Scott Safadi, Cal Bay Property Management


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