WHY HIRE BILL FIFE - MANAGER?
Below are some questions you should ask yourself if you are thinking of hiring Bill Fife:
• Are you available 24 hours a day 7 days a week?
• Do you want to be available to take calls on holidays?
• Are you available to meet with prospective tenants to show the property?
• Do you have the resources to properly screen a prospective tenant?
• Do you know what to ask previous employers and landlords?
• Do you have access to an applicant’s credit history?
• Can you effectively advertise your rental property?
• Can you evaluate the rental market to confirm you are getting top dollar for your property?
• Do you have a list of maintenance professionals you can call on in an emergency?
• Can you effectively inspect the property and know how to fairly and legally charge the tenant?
• Are you comfortable serving legal notices and potentially going through the eviction process?
• Are you aware of the Equal and Fair Housing Laws?
• Do you know the legal proceedings for unpaid rent or breach of contract?
• Do you have access to legal council on Landlord and Tenant Laws?
• Do you know the laws governing security deposits and the action taken in their disbursement?
• Do you have access to the proper legal tenant agreements?
A Rental Home is a big investment. With all the regulations, legal issues and liabilities, it is in your best interest to hire a professional property management company.
If you miss out on the rental income for your property for just one month, because of either a vacancy or unpaid rent, then hiring Bill Fife to manage your property is a justifiable expense.
If you are an investor who is thinking about buying into investment properties but you lack the knowledge of how to handle the details of leasing and managing these properties then a property manager is the difference between your venture being a success or a failure.
There are a number of aspects that can be the deciding factor of whether you are a success when it comes to real estate investment. You need to make sure that you market your property correctly in order to find and retain tenants. The aspects that you need to consider and the duties that you need to undertake when it comes to maintaining your investment in the property market can often be overwhelming and in many cases you will find yourself without enough time to undertake all of the duties that are expected of you. By hiring a property manager you will be easing the burden that can often come with owning a rental property. So choosing to use the help of a property manager is the single most important decision that you can make when it comes to protecting your real estate investment and maximizing your cash flow.
No one should venture into their own business without having the right resources at their disposal and owning rental property is no exception. Hiring a property manager is a good idea as they will be a valuable resource, especially if you are a first time investor. But what exactly does hiring a property manager mean for your business?
Hiring a property manager will do a lot more for your rental business than you may realize. Some of the main tasks that are undertaken by a property manager are as follows:
• Handling late night emergency phone calls
• Screening potential new clients
• Taking care of monthly rent collection
• Sorting out regular maintenance and handling any repair work a property may need
• Visiting tenants whenever it is necessary to do so
• Being in charge of evictions
• Terminating leases and lease addendums
When you hire a property manager it is also their job to generate interest in the property in order to bring in perspective buyers. By hiring a property manager you are giving yourself peace of mind that all legalities are being followed. They will do more to ensure the success of your rental property business than anyone else.
A property manager will have years of marketing expertise, meaning they will know how to best market your property so it may be rented in the quickest amount of time possible. Also by hiring a property manager you are hiring someone who has local knowledge of rental rates so they will be able to determine the highest rental rate that is possible for your property. Most importantly for your rental business, a property manager will know the laws and regulations of property management through and through. There are many laws that you have to be aware of as a landlord and if you don't follow them then your tenants are able to sue really easily.