As a landlord, one of the biggest decisions you will make is whether to hire a property management company for your real estate. Many landlords try to manage properties on their own or hire a resident manager for the job. But sometimes, as a landlord, you may need more help. We have the experience to handle the wide variety of issues that are associated with managing all types of properties – from single-family homes to large industrial campuses. We can be a huge asset if you decide that hiring a property management company is the right move for your business. Here we offer some considerations to help you determine if hiring a property management company would be a good decision for your business.
You don’t live near your properties. Hiring a property management company can be invaluable in dealing with property issues that you won’t be able to handle from afar.
Many landlords look forward to the challenge of finding good tenants and the rewards of maintaining a safe and attractive property on their own. But if you view rental property ownership strictly as an investment and want little or nothing to do with the day-to-day management of your properties, consider hiring help to manage your property.
Even if you enjoy hands-on management, you may not have the time to devote to your business. And if you prefer to spend your time growing your business, including searching for new properties, arranging financing for renovations, or changing your business structure, then a Denver property management company may be the way to go.
You're suddenly inundated with management tasks. If your business is growing, at some point, you may find that you need a substantial amount of help to manage everything properly. At that point, it might make sense to hire a management company.
You don't want to be an employer. If you hire a resident manager or other employees to help with your property, you become an employer. You'll have to handle payroll and deal with a host of other legal requirements and considerations. But because we aren’t your employee, you avoid those hassles.
Your property is part of an affordable housing program. In this instance, things can get complicated. Usually, the landlord receives financial assistance, which may be in the form of a grant, low-interest loan, or tax credits, in return for agreeing to rent to tenants earning below a certain income level. In order to continue receiving the assistance, the landlord must comply with a complicated set of rules.
We take care of all the properties we manage as if we own them ourselves. We believe that our tenants and residents deserve a good home and/or a good place to conduct business, and we make every effort to make sure that goal is achieved. Call your premier Denver Property Management company for more information at 303-572-8778.