You might think because you are in the business you do not want help taking care of rental investments. You may want to reconsider after reading below. Finding the right Charlotte property management company can make your life a whole lot easier.
Many landlords think that possessing rental property is going to be their dream come true. All you have to do is relax and watch the rental income roll in. Oh yes and of course your tenants take care of your property as if they were the owners. Like I said that's a dream which sometimes becomes a nightmare.
Now reality check! Two or three months into the lease you start to notice that the rent payments get later and later. Worse yet your new tenant decides they aren't going to pay. Oh yes don't forget about the 2 am phone calls about the sink dripping and they can't sleep. One more thing to make this work financially you have to keep your property rented.
The first time this happens you will immediately think.. How can I get out of this?
By definition as a real estate professional, you know how hectic and crazy your life is.
Luckily however, there is a remedy: Finding the right property manager like CMRPropertymanagement.com will allow you to enjoy being a landlord. Choosing a Charlotte property management company
like us allow you to build your portfolio of rental properties without all the headaches.
If you're are contemplating purchasing a rental property, or a landlord, here are ten reasons which you need a property manager.
1. You can forget about the middle of the night Calls
If there's an issue with the property, you have to find a contractor to make the repairs. Using a property manager, you will find a way to leave behind late night crises. Your reliable property manager can get the call and answer appropriately when a difficulty appears.
2. Enhanced Screening and Renter Qualifying
Property managers have use of an abundance of resources that empower them to discover new tenants quicker, assisting you to maintain low vacancy rates. In addition to that, but they are also in a position to extensively screen tenants. The professional property management company understands what questions to ask and things to find.
3. Routine Care and Repair Problems
Using a property manager, you do not need to be the on call maintenance man anymore. Your property manager will perform regular care for you personally, so issues don't get out of control and preventing small problems. Your property manager will appear on site at the very first hint of trouble. The team at CMRPropertymanagement.com have reliable, trustworthy contractors and vendors. We've worked with them for years and they guarantee their work at very fair prices.
4. Prevent Legal Issues
You need to keep up with landlord-tenant law as it can be very expensive if you're not up to speed.
5. Make Sure to Price Your Properties Correctly
A seasoned Charlotte property manager who understands the market is will know the sweet spot: the price you can practically ask without risking longer term vacancy rates.
6. Know What is Going on with Your Property
Whether you are perhaps down the block or a long distance landlord, keeping a close watch on your own property is critical. Having a property manager means your house will likely be checked on regularly. This is even more important during vacancies, as properties that are empty are prime targets for trouble makers. A property manager will ensure that your property is well maintained and appear to be occupied.
7. You Don't Have to Be the Bad Guy
As the property owner, you must enforce the terms of the lease. When one too many pets are brought in by a tenant or there is a problem with smoking inside, things can get a little dicey. Instead let your professional property manager take care of any problems.
8. Don't be a Collection Agency
You have the right as the property owner to be paid in accordance with the terms of the lease. Getting paid on time is the key to enjoying being a property owner. Letting late rent slide can produce a scenario where the tenant has the ability to reside in your property rent free, for as long as necessary to evict them. A property manager can take prompt action in the event the rent is late and is going to be your no nonsense rent collector. They'll stay in conformity with all regulations and record all measures taken.
9. Forget about Dreaded Evictions
All landlords hate doing evictions. There are many rules to the eviction procedure that are lawful. But you can't change the locks if the tenants are out. A great property manager is really on the ball and can deal with evictions for you -- fast, economically, as well as in conformity with regulations and state code.
10. Opportunity to Expand Your Rental Property Investments
Using CMRPropertymanagement.com will give you the piece of mind that will allow you to invest into other rental properties. Our expert property managers will do all the heavy lifting for you so you can enjoy being a landlord.
Rental property can be an excellent investment. Eliminating the headaches of property management in Charlotte NC can be as easy as calling 704-405-0634. Call us today and see what it's like to work with the top property management company in Charlotte.