Do I really need a Property Manager for my rentals?

A good property manager plays a crucial role in the success of residential income property owners. Here’s why they are vital:

1. Tenant Relations: Property managers act as intermediaries between landlords and tenants. They handle tenant inquiries, resolve complaints, and ensure that tenants adhere to lease agreements. Good tenant relations can lead to longer tenancies and lower vacancy rates.
2. Rent Collection: Property managers are responsible for collecting rent from tenants. They ensure that rent is paid on time and handle any late payments or issues with non-payment. This helps landlords maintain a steady income stream from their properties.
3. Property Maintenance: Property managers oversee property maintenance and repairs. They coordinate with maintenance staff or contractors to address issues promptly, ensuring that the property is well-maintained and meets health and safety standards. This can help preserve the value of the property over time.
4. Legal Compliance: Property managers have a thorough understanding of landlord-tenant laws and regulations. They ensure that the property complies with these laws, such as fair housing regulations and eviction procedures. This can protect landlords from legal issues and liabilities.
5. Marketing and Tenant Screening: Property managers handle the marketing of vacant units and screen potential tenants. They can attract high-quality tenants and select tenants who are likely to pay rent on time and take good care of the property, reducing the risk of income loss and property damage.
6. Financial Management: Property managers help landlords manage the financial aspects of their properties. They maintain accurate financial records, prepare budgets, and provide financial reports to landlords. This can help landlords make informed decisions about their investments.
7. Time and Stress Management: Managing rental properties can be time-consuming and stressful. Property managers handle day-to-day operations, freeing up landlords’ time and reducing their stress levels. This allows landlords to focus on other aspects of their lives or businesses.

In conclusion, a good property manager can provide valuable services that help residential income property owners maximize their investments and minimize the challenges of property management. They can help landlords achieve long-term success and financial security through their properties.

Need A Professional to Manage Your Properties Rentals!

If you’re an owner, on the other hand, your priorities are a little different. You own property because you have a plan for the future; you want to ensure your investments pay off. Maximizing the return on your investment is a priority. We protect the integrity of your investment and eliminate the hassle so you can enjoy the benefit of your property ownership.

Visit Real Solutions Rentals – CLICK HERE

Real Solution Rentals manage both single-family homes and multi-family residences. Both owners and residents can find easy access to all their information by logging into our safe, secure online portals. Residents can view listings from our website, while owners can find out more about our real estate services by checking our sales website. We’re here to help. Please let us know how we can be of assistance.

James Umerley, REALTOR is the Office Coordinator for ERA Real Solutions Realty in Rocky River, Ohio. James began his career in real estate in 1990 and brings decades of experience to the table. He is dedicated to his role as Sales Associate, Office Coordinator, Real Estate Trainer and Coach, guiding both seasoned agents and newcomers in the industry. To connect with James Umerley, you can reach out at 440 331-0900 x261 or james.umerley@era.com