With the number of properties that have been foreclosed or abandoned back to the mortgage holder, now is an ideal time to add investment property to your portfolio. Investment property, if managed correctly will give you continued income for many years and will appreciate in value, giving you a capital gain should you ever wish to sell it.
To manage your new investment, there are a great number of things you need to know. During a normal day, a property manager will wear various hats. A property management company in Sacramento needs to know about leases, tenant relations, maintenance, repair, evictions, and what seems to be, an endless number of other things. These are the reasons why you need to hire a professional property management company; they are skilled and experienced in dealing with all of these issues.
A piece of investment property can be worth many thousands of dollars, and you will want to know that there is a professional around to attend to this investment in your absence. It makes little difference if you live in the same town as your property or on the other side of the country; property management will assure the best possible return on your investment.
A property management company in Sacramento handles all the day-to-day operations associated with your property. With this support, you are left free to pursue other investment opportunities or to simply relax. If you attempt to self-manage your new property, you will quickly realize that you are tied down, and your freedom of movement is severely crippled. If you prefer to go where and when you want, then a property manager is essential.
What is a property manager’s job?
A property manager’s job consists of marketing the property to ensure that it is vacant for as short a time as possible. The manager screens prospective tenants for suitability, collects the rent, deals with any tenant complaints, attends to maintenance and repairs, and provides the owner with financial and operating statements/reports. All tenant-related issues have to be handled in full compliance with laws that govern tenant/landlord relations. The maintenance issue is critical because of the cost element. All property managers are well aware that rent is fixed, and the only way to maximize on the profit is to minimize the cost of maintenance and repairs without jeopardizing the property or the safety of the tenant.
Happy tenants are the best tenants; they tend to be punctual with their rent, care for the property, and stay longer. It is the full-time attention that a property manager provides that makes this happen. Choose your management team wisely, and your investment will return dividends for years to come.
We invite you to call Real Property Management – Sac Metro to engage the services of the best property management company in Sacramento. With years of experience and an in-depth knowledge of the local property market, no company is better. Contact us at 916-452-5000.
