Once in your lifetime you come across some sort of myth that seems believable than the reality. Let us face it fiction is far better than the fact. However, when it comes to selecting a trustworthy property manager, it certainly pays to know the disparity between what you have heard about the story and what is actually true.
Here are a few property management legends you may have heard before and why they are very bogus!
You have to find your own tenant
If you are choosing to administer your own rental property, the task of finding a tenant falls into your lap. For some proprietors, this is time-consuming and an intimidating task that often ends up with you having a vacant property longer than needed. Appointing a professional Phoenix Property Management company helps make this task easier and even sometimes with no additional costs added. They will help advertise your listing in their networks to get your property viewed by as many prospective tenants as possible, requiring no work from you. So say good-bye to head hunting!
They will let anybody rent your property
Long ago, there were devious Landlords that would take the first best person that walked through the door swinging cash around in their hands and gave them the keys to your investment. Luckily, times have changed and experienced Opulent property managers run probable renters through an extensive screening check that includes criminal, credit, employment history, and rental history. At Property Management Phoenix, they do not cut corners and find the best tenants for your rental home.
Once the properties rented, you take care of the rest
There are still people that believe once a property manager has found a tenant for your rental property, and then the rest is up to you. Not true, all Opulent Property Managers work with you even long after your investment properties rented. They provide accounting, take care of repairs and maintenance, do rent collections, maintain tenants during lease renewal periods, and handle all evictions of inappropriate renters if they should arise.
Property managers cost an arm and a leg
You would be surprised to know that you can hire a good Phoenix Property Management company for less than what your cable costs monthly. Moreover, by using a property manager, you can, in fact increase your rental income. As they charge market related rent and have the ability to draw more residents. Always look carefully at the property management contract for any costs hidden and you will find that most of the costs covered by the rental income with no added out of pocket costs to you. On average administering, fees are 10-15% of the rent, and tax deductible!
In addition, with you are not spending time in having to run the property is priceless. So before deciding to close the door on using a property manager take the time and make sure that your investment runs smoothly and do you a favor and look past the myths. You will be glad that you did!
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