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Why Hire a Professional Property Management Company?

Creve Coeur Property Manager Meeting with InvestorIf you own a rental property, there’s a good chance that you’ve considered hiring a property management company. And this is a good thing to consider. Even though some rental property owners are unwilling to pay someone else to manage their investment, for others, there is no substitute for the professionalism and expertise that a great property management company can provide. But more critically, when you hire a professional property management company, you have the advantage and knowledge that many do-it-yourself landlords don’t have. If you are still in doubt on whether to hire a property management company, here are six valid reasons why professional Creve Coeur property management might be the right choice you ever make.

1.   Lower Maintenance and Repair Costs.

Maintenance and repairs can be a crucial feature of rental property ownership, mostly if you are new to being a landlord or don’t have a lot of time to do the work alone. But more than that, it can be hard to know who to call when disaster strikes. Sometimes, it might be difficult to determine when a job requires a licensed contractor. The final thing you must do is select a service provider at random for the reason that you need somebody promptly – this is the fastest way to wind up paying far too much for lower quality service.

A professional property management company, on the other hand, can help you do preventive maintenance and repairs that will minimize pricey emergencies. Moreover, the finest Creve Coeur property managers have connections with contractors, which demonstrate that they are responsible service providers. These relationships with contractors can help decrease maintenance and repair costs while keeping your property in good condition.

2.   Trusted Vendors.

Your rental property is a valuable investment. So it makes sense to use only experienced and trusted vendors for all necessary services. But if you’ve never dealt with vendors or negotiated service contracts, you may end up getting charged far more than a professional property management company would. One excellent feature of employing a professional property management company is that they have done all the preparation to vet all home service vendors, taking the guesswork out of employing the people you need. Furthermore, a professional property management company typically has far more leverage than a private property owner, often resulting in preferential pricing and lower service costs passed on to you.

3.   Accurate Rental Market Data.

If you are new to rental property ownership, you may not have much experience assessing your local rental market. Unluckily, too often, this leads to landlords who cannot accurately research and locate comparable properties and therefore calculate a reliable, fair market rent. If you are not sure about your capacity to comp the market, a professional property management company can be a great benefit. As experts in the local rental market, great property management companies like Real Property Management Three Bridges will carry out all the research for you. Presenting you with local, comparable properties and a fair market rental rate that you can feel sure charging your renters.

4.   Maximize Monthly Income.

Setting the proper rental rate is a large portion of ensuring your monthly rental income is as high as it can be. If you’re not doing so, you’re leaving money on the table, or worse, you may price the investment property too low, leading to a longer vacancy as prospective renters ask what is wrong with the property. However, there are numerous other methods that a professional property management company can help you to maximize your monthly income.

At Real Property Management Three Bridges, we regularly deal with rental property owners to make minor but impressive upgrades to their rental homes, enabling them to ask for a higher rent. By determining where to put each investment dollar, our rental property owners not only improve the monthly return on their investment but frequently notice increases in overall property values as well.

5.   Professional Tenant Relations.

One concern that frequently prevents rental property owners from acquiring a professional property management company is the worry of offending a current tenant. It’s not an unreasonable fear: tenant relations can be a very demanding component of rental property management. It demands time and effort to develop excellent communication with a tenant and respond promptly to their questions and requests. But the risk of angering your tenant is minor when compared to the advantages of saving all that time by giving your property management over to a trusted professional property management company. A professional property manager may even be able to provide more comfort and convenience to your tenant, something various tenants find they like a lot.

6.   Property Management Pays for Itself!

Most do-it-yourself landlords presume that handling their own property management is the most cost-effective option. But the reality is that owning a rental property is a long-term investment best entrusted to the professionals. Lastly, hiring a professional property management company quickly pays for itself through convenience, time saved and maximized profits. After you hire a trusted professional like us, you may wonder how you ever got along without a property manager!

To learn more about our Creve Coeur property management services, contact us online today!

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When it comes to finding the right property manager for your investment property, you want to know that they stand behind their work and get the job done right – the first time. At Real Property Management we have the expertise, technology, and systems to manage your property the right way. We work hard to optimize your return on investment while preserving your asset and giving you peace of mind. Our highly trained and skilled team works hard so you can be sure your property's management will be Done Right.

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