10 Reasons to Hire A Property Manager in Oklahoma City

oklahoma-city-property-management-servicesAs a rental property owner and real estate investor, you’ve probably learned that property management requires a large commitment of time and effort.

While being your own landlord may work if you’re a handy person, live close to your property, and have extra time to devote, this isn’t practical in many cases – especially if you are growing your portfolio of homes.

10 Reasons to Hire A Property Manager

  1. Setting the right rental rates for the market

    A good property management company knows how to set a realistic, competitive rental price for your property because they are experts in the area. This ensures that you are maximizing your monthly income while avoiding extended periods of vacancy.

  2. Collecting and depositing monthly rent payments on time

    Securing payment from tenants can be difficult, not to mention awkward. Property management companies have efficient, proven systems in place to effectively collect rent and maintain on-time payments. This is crucial if you must maintain your cash flow.

  3. Marketing and advertising your property

    Through their extensive experience, a property manager will know where to advertise your rental home in order to find tenants quickly. They will be advertising in 40-100 websites and publications while you would probably be advertising in a handful of locations. More exposure will fill your property with a tenant faster.

  4. Finding quality tenants:

    Property managers have all the tools in place to ensure your property has a quality tenant that will pay on time. They will take care to review background checks, credit reports, employment verification, and previous landlord references before making a recommendation.

  5. Managing Tenant Conflicts and Property Maintenance

    A property management company will manage all aspects of the tenant-landlord relationship including routine and emergency maintenance, inspections, and managing situations where conflict resolution is required.

  6. Access to Quality Affordable Vendors for Maintenance

    Property management companies have relationships with maintenance workers, tradesmen, contractors, suppliers, and vendors that span years. It is almost impossible for an independent landlord to duplicate this relationship.

  7. Ensuring Compliance with Housing Regulations and Property Laws

    When renting and maintaining your rental property, there numerous laws and regulations to abide by. These include local, state and federal regulations, as well as fair housing regulations (such as the ADA). A property manager can help you avoid lawsuits with their knowledge of the law.

  8. Peace of Mind for Out of Town Owners

    Using a property manager allows you to own property without living nearby. The use of inspection videos, like we use, will help an owner feel like they know what is going on at their property as if they were there.

  9. Maximizing the profitability of your time

    When using a property manager, you are now free to spend your time identifying further investment opportunities.

  10. Maximizing the profitability of your money

    The percentage of your property’s monthly rental rate that goes to the property manager is generally less than the money you save by hiring a professional to take care of your property. You are actually going to save money.

Interested in hiring a property manager in Oklahoma City?