Property Management – Encino

Many property owners struggle with managing their investment. What was once an attractive way of growing their nest egg can become a headache to deal with, taking away time from their daily lives and main occupation. Most importantly, property management is no easy feat and, when handled by  an amateur, can prevent a property from yielding the highest returns on investment or even fail to return. Fortunately, professional property managers can help property owners safeguard their investment. However, some landowners fail to recognize the valuable services a property manager provides or feel that doing it themselves can help them save in management fees. So, why should you hire a professional to manage your property? What does a property management professional have that inexperienced land owners do not? In this article we will go over some of the main reasons why you should consider an agent to manage your property.

A Property Manager Does More Than Simply Collect the Rent

There’s more to keeping a property in shape than simply showing up once a month to collect the rent. The fact is that managing a property requires time, money, and effort. Since most landlords purchase a property as an investment without meaning to devote themselves full time to the endeavor, they can often find that the work required becomes a second job, leaving little time for their family, hobbies, and their day job! Most first-time property owners will suffer a case of sticker shock, surprised by the amount of work it takes to keep their tenants satisfied and their property in shape.

Handling repairs, tenant issues, legal matters, and general maintenance are a big part of the job, and a property manager has the experience and time to do these properly. But, apart from these, there are a myriad of little, miscellaneous issues that can come up every single day. Don’t forget, it is a property manager’s job to be available. If you want to avoid urgent midnight calls or having to deal with repairmen and contractors during your regular office hours, it is best to leave it in the hands of a professional.

Professional Property Managers Know How the System Works

Unless you are an experienced professional, handling all the tasks that come up when managing a property can be much more expensive and time consuming if you do it yourself. If there is an emergency, would you be available at odd hours to handle it? Would you have a back-up system in case you are not available? A professional property manager is usually part of a firm with a network of professionals working together to provide the best prices and to cooperate in managing your investment. This is especially important if you want to avoid liability.