Advantages of Hiring a Property Manager

Reading Time: 4 minutes

Each landlord faces different challenges daily. The day to day demands of managing a rental property requires a big chunk of your time. Being a landlord is not an ordinary job that you clock in at 9 and clock out at 5. It requires time, effort and experience to effectively manage a rental property. Luckily,…

Three people talking in the office

Each landlord faces different challenges daily. The day to day demands of managing a rental property requires a big chunk of your time. Being a landlord is not an ordinary job that you clock in at 9 and clock out at 5. It requires time, effort and experience to effectively manage a rental property. Luckily, property management companies offer a solution to these dilemmas. Knowing the advantages of hiring a Property Manager will make things easier for you as you can delegate tasks like taking care of your tenant, collect the rent and handling emergencies in the middle of the night.

A competent and established Property Management Company can ease your stress in running your rental property and they can even increase the value of your business. Working with a property manager has lots of benefits, not just to you, but to your tenant as well. 

Tenant Screening

Tenant screening is very important and can be a tough process. A property management company has a set of standards when choosing the best tenants for you. You want a tenant who is financially responsible for paying their bills and rent on time. Property Management Companies make a background check as well to see how they were with their previous landlord, check if they were a tenant who causes problems or if they were responsible and good. Property managers meticulously check tenant’s application forms to see how stable they are, of which they always switch jobs or move to different places. Property Management companies do a strict and thorough tenant screening process to ensure you will get the best tenants for your property.

Knowledge and Experience

Property Managers are experienced in handling your rental property business. They are trained to know everything about running a rental property proficiently. They have the skills, knowledge, and experience to take care of your property and make it a successful one. They know how to deal with tenants who need assistance, how to handle difficult requests for emergency or maintenance repairs and other complex issues that you may have difficulties if you handle it yourself. They are like your best friend who you can talk to with regards to your property. They are someone you can rely on and depend on in times you are lost and needs advice on what is best for your rental property business. Property Managers dedicate their time to cater to you and your tenant’s needs. Getting a property manager gives you freedom and peace of mind.

Property Maintenance

It is a nightmare if you receive calls in the middle of the night about a repair needed to be done on your property. The advantage of having a property manager is that they take care of any maintenance repairs for you. They will be the ones who will handle the repairs and make sure your tenant will live comfortably at your property.  Tenants are always happy and satisfied if you offer them good maintenance and this also helps in preserving the value of your property. Property Management Companies also have access to licensed and expert service providers that will handle your property’s maintenance repairs.

Save Time and Money

Having a property manager saves you all the hassle in handling your rental property business. You can go on with your daily life without worrying who will remind your tenant about their rental fee, who will take care of a complaint your tenant raised and any other concerns.  Even if you live far from your rental property, you know that your property manager can help you out. You will have more freedom and less stress.

They know that it is very essential for the success of a rental property to have long term tenants and makes a plan ahead of time if there might be a possible vacancy. Property Management Companies think proactively by offering early lease renewal to ensure that there will be no vacancies. If there is a tenant who may not renew their lease, they will start listing your property right away to get a new tenant ahead of time. 

Improve your Property’s Worth

Property Management Companies do proactive maintenance inspections so they can identify any maintenance issues early on. This helps in saving your money as this avoids larger damage and more expensive problems.  An expert property manager will advise you to do routine property inspections as this is the key to maintaining and increasing the value of your property.

 

Getting a property manager is the best thing you can do for you and your rental property. A property manager is reliable, dependable and most importantly, they are armed with the skills and knowledge to manage your business. Property managers offer support by having that one goal in mind, and that is to help you get the most out of your investment property.

Green Ocean Property Management has been in the business for over 40 years. We have experienced property managers who are experts in the field. Our property managers are dedicated to offering you the best solution for your property’s demands and aim to grow the value of your investment property too. We will make your lives easier. Your success is our success too! Let our competent and professional property managers help you.

Give us a call and we will be happy to let you know about what our property managers can offer you. You can reach us at  hello@grennoceanpm.com or call 617-487-4868. You may also visit our office at 268 Centre St Newton MA 02458.

 

Creating a Tenant Retention Program_ Best Practices for Property Owners

Creating a Tenant Retention Program: Best Practices for Property Owners

Posted in ,

Tenant retention is a crucial aspect of successful property management, offering numerous benefits such as cost savings, steady income, and a positive reputation. However, the cost of tenant turnover can be significant, including expenses related to vacancy, marketing, and screening new tenants.  To mitigate these costs and foster long-term tenant relationships, property owners should implement…

What Is a 1040 Schedule E

What is a 1040 Schedule E

Posted in , ,

  Real estate comes with a lot of technicalities, especially tax forms. In today’s article, we go into detail about the 1040 Schedule E and how Green Ocean Property Management can guide you through tax forms such as this.     Defining the 1040 Schedule E Form   Now, a 1040 Schedule E is a…

Two people looking on clipboard

Why is a Property Inspection Essential

Posted in , ,

In keeping your rental property a long-term investment, you must ensure that it is being well cared for and maintained.  As a landlord, it is important to have a peace of mind and that sense of security that your rental property is in good shape. Doing a property inspection is a sure way of getting…

Experience exceptional management and elevate your property with us

NARPMGreater Boston Real Estate BoardCommunty Association InstitteEqual HousingBest Property Managers Boston

Stay updated with market trends and changes

Expert knowledge and advice to help make your life as a property owner easier.