10 Reasons to Hire a Professional Property Manager

If you’re a residential property investor who has never worked with a property management company before, prepare to be amazed!

Many property investors we work with are surprised at how much a property management company can do for them and how affordable it is.

We guarantee your job as a property owner will be easier, less stressful, and more profitable with a property management company. In case you still aren’t convinced, here are 10 reasons to hire a professional property manager.

  1. Receive Competitive Rental Rates
  2. Sure, you could look at the local classifieds section or scroll through online rental listings for an idea of how to price your rental property. However, setting a true competitive rental rate requires a thorough market analysis. You want the perfect price that maximizes your profits, without being high enough that you price yourself out of the market.

    We provide a free rental analysis that gives property investors an optimized rental value, crucial insight into current market conditions, and an estimated monthly cash flow.

  3. Consistent, On-Time Rent Payments
  4. Consistently receiving rent payments on time is no easy feat. It’s even more difficult (and awkward) to collect late payments from tenants.

    Instead of chasing down late payments from tenants, let a property management company handle it all for you. Not only do we ensure more consistent on-time payments, but we have a tried-and-true system for effectively collecting rent and maintaining timely payments.

  5. Expert Rental Property Marketing Services
  6. Property managers have extensive experience marketing rental properties. They’ll know exactly where your rental property should be advertising and how to craft the most effective marketing campaigns. This helps you fill your rental properties quickly, avoiding long periods of vacancy.

    At 512 Society, our rental property marketing services include a curb appeal evaluation, interior prep, professional photos and videos, and listing your property with the MLS and 52 other websites so it reaches as many potential tenants as possible!

  7. High-Quality Tenants
  8. We believe that a great tenancy starts with well-qualified residents. Using a property management company ensures you only lease to highly qualified applicants. We’ll take care of everything from start to finish when it comes to the application process!

    Our tenant screening service includes a credit check, criminal history check, employment verification, and rental background analysis to make sure they have a positive rental history.

  9. You Won’t Have to Manage Tenants
  10. Once we’ve found the best tenants for your rental property, we’ll take care of every aspect of managing them! This is easily the most time-consuming and difficult part of being a property owner, as it includes dealing with routine and emergency maintenance, scheduling inspections, and managing conflicts between residents.

  11. Vendor Relationships are Handled
  12. There are a lot of different vendors you have to work with as a property owner. An established property management company already has relationships with these vendors, including maintenance workers, contractors, and suppliers.

    It’s difficult for an independent landlord to replicate these established connections, which help us get you the best price on any work needed! Instead of trying to juggle multiple vendors yourself, a property management company oversees these projects and verifies any necessary certifications, licenses, and insurance.

  13. Ensure Legal Compliance
  14. There are a lot of legalities when it comes to maintaining and renting out your property. Property owners must abide by federal, state, and local regulations as well as remain compliant with fair housing regulations.

    A property management company helps property owners avoid lawsuits by making sure their property is always up to date and in compliance with all applicable laws and regulations.

  15. Freedom to Invest in Property Regardless of Its Location
  16. When you manage your own properties, you’re limited to only purchasing properties near where you live. However, if you hire a property manager to take care of everything, you can purchase property anywhere you want!

  17. Saves You Time
  18. Hiring a property manager will save you a lot of time and frustration in the long run. We’ll handle all of the day-to-day tasks required to run your property. This gives you the time and freedom to look for additional investment opportunities or focus on whatever is most important to you!

  19. Maximize Your ROI

We saved the best for last! A professional property management company helps maximize the ROI of your rental property. All of the benefits mentioned above work together to charge the best price for your rental property, keep units filled, and take care of any issues promptly.

Looking for Property Management Services in Central Texas?

512 Society has been helping local homeowners and real estate investors maximize their value and ROI since 2015. From lease generation to full-service marketing, our turnkey property management services are perfect for both new and experienced investors.

Ready to get started? Give us a call or contact us today!