Owning different properties requires organizational skills. However, property or estate manager’s duties can offer wide-ranging benefits in managing your properties. Below are 4 signs that you might need an estate manager.
Tenants are Starting to Annoy You
As a landlord, part of your job is dealing with tenants. You have to accept the fact that some tenants may call you with every problem, big and small. If you are starting to get annoyed with these calls, a property manager may be the way to go. The worst thing you can do is avoid these calls. As we said, you are only as good as your tenants. Some of these calls may be unnecessary, but they really only take a few minutes out of your day. If you get so annoyed that it starts to trickle over to every other person you talk to, you need a property manager to act as a buffer. Not only is a property manager the first point of contact for your tenants, but they will let you focus on other areas of greater importance. If you don’t have a property manager, you will end up avoiding calls simply because you do not want to be annoyed. Source: FortuneBuilders
You Have Multiple Properties
Managing one property is time consuming, so owning two or more is even more time consuming. Say goodbye to a personal life outside of your regular job too! You will spend all of your off time on managing your properties. Source: ActiveRain
You Travel Frequently
If you travel frequently or for extended periods of time – for business and/or pleasure – it can be difficult, if not impossible, to manage your properties by yourself. An estate manager makes sure all is running smoothly, often traveling from home to home for in-person inspections. And, if you’ll be heading to one of your properties, your estate manager can travel ahead of you to make sure everything is ready for your arrival. Source: Graham-Cleveley.Blogspot