5 Benefits of Hiring a LOCAL Property Manager
When choosing your property managers, there are some factors to consider. Hiring a property manager who is based within close proximity of your investment property proves to have more benefits than one who is 45-50 minutes away from you. Sure, their rates might be cheaper – because everything outside the city is typically cheaper…
When choosing your property managers, there are some factors to consider. Hiring a property manager who is based within close proximity of your investment property proves to have more benefits than one who is 45-50 minutes away from you. Sure, their rates might be cheaper – because everything outside the city is typically cheaper – but how sure are you that it’s better than a having local property manager?
Green Ocean Property Management is located in Newton, and we only manage properties within 10-15 minutes of our home base. So if you’re anywhere near us, the following are the top five benefits of hiring a property manager within your locale:
#1 We connect with local vendors.
With the units and areas that we cover, we want to make sure that we know the rents as well as the costs of things such as maintenance. So we partnered with local vendors who are all within the exact same locations that we are.
#2 We have a presence within the properties.
We walk by our properties almost on a weekly basis. Your tenants see us, your neighbors see us. Our presence makes a big difference, especially with multi-family properties. It shows that we care about their home when we are there.
#3 We comply with the local rules and regulations.
We have seen property managers far away that take over units and they don’t even know about the city of Boston’s rental registrations. Property managers like that can get you into some serious problems. In addition, there might be towns and cities with specific requirements when it comes to showings. This became a big thing during COVID and you want to be aware of that. So, we try to stay up to date with the laws in the localities that we cover.
#4 We know the market extremely well.
With rents, we want to be able to know how much the rent should go for. It would be good to know what changes should occur on a marketing basis very often. We know that in an area where we cover 100 to 200 of our own units, we are almost able to feel out the market ourselves or even help determine it. That’s a complete difference from a property manager who only manages one or two properties in a distant land far away.
#5 With a local property manager, the response is quick in case of emergencies.
Any landlord or tenant would want to make sure that their property managers are close. If there are any emergencies, we are able to immediately get there. Fire or flood, we can go check on it. Sometimes, these situations happen on a very quick basis, and you need to be at the property very fast. Being close to all our properties allows us to do just that.
If you or anyone else you know is looking for a local property manager in the greater Boston area within 10-15 minutes from Newton, feel free to reach out and please let us know. At Green Ocean Property Management, you get more than a property manager, you get peace of mind.
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