I’m sure you’ve pondered the benefits of working with property managers from you, the landlord’s end, but have you ever thought that tenants might prefer to live in properties where there is a property manager? They do, and here’s why.
There are some common-sense reasons why tenants prefer living in a property with a
property manager. The first is that there is always someone on call for emergencies.
If you’ve ever been a tenant, you know how annoying it is to have to wait until “normal hours” to call your landlord for help. While you would think they’d want you to call with an emergence after 9pm or before 9am, they have lives, wives, babies or kids and don’t usually want to hear from you after hours.
A property manager will be there 24/7 and have a cadre of professionals either on staff or on call to come when your tenant needs them, keeping your phone quiet.
Of course, let’s not forget that with a property manager the tenant will have regular and reliable maintenance of the property and someone else to do the landscaping and cut the grass.
Since it’s their job, it gets done and not pushed off to their “down time” like a solo landlord would have to do.
A property manager keeps it from getting personal. Have you ever been in a dispute with a tenant and been told that you “made an exception then, why not now?” As a landlord dealing with tenants one on one, it’s easy to be manipulated into giving in on the terms of the lease “just this once.”
A property manager will be professional, consistent and will hold firm on the lease terms for you, the landlord. No cries of being unfair, no being manipulated. And the tenant will appreciate the fairness and consistency, especially if you own a multi-unit property.
Today more than ever people are worried about how secure their personal information is
and how it is being protected. A property management company will be very aware of
information security and have processes in place to safeguard your tenant’s personal information.
They will have more resources than you, a solo landlord, to do so.
So make your property more attractive to prospective tenants by using a property
manager. It won’t be a bad decision!