The Value Of A Park City Property Management Company
All Park City property management companies charge a fee. But what does a property owner get when they pay that fee? What kind of value do the services a property management company provides have for your investment property? This is the basic question any Park City property management company should be able to answer if you are contemplating hiring them to manage your property. What value does the company bring to the management of your long term rental in Park City. Today I would like to share a few of the valuable services that can be provided by a property manager.
Professional Tenant Interaction
A quality Park City property management company will act as the professional face for your property. Sometimes being a landlord will place you in difficult or uncomfortable situations with your tenants. A recent incident at a home owners association I manage highlights this. Two property owners managed their own rental properties, one right above another. The upstairs tenant had a dog that peed on the patio, which of course made a mess on the patio below. The downstairs property owner notified me of the problem and how frustrated the tenants were with the situation. Per the association rules I issued the upstairs property owner a warning and when it happened again a fine. But by this point the downstairs tenants were so fed up they asked to be released from their lease and moved out of the property. And all of this was happening the week of the downstairs property owner's wedding! Had a property manager been handling both of the rental units then neither owner would have been inconvenienced, there would have been no fine by the association and the loss of a good tenant could have potentially been avoided.
Quick Response
If a prospective tenant called you at 1pm on a Tuesday to say they were in the area and would like to take a look at your property in the next 30 minutes would you be able to handle this request? Or instead of a prospective tenant wanting to tour your vacant property what if your current tenant called at the same time to say that the faucet is leaking in kitchen. The fact of the matter is there are only so many hours in the day and if you are already busy with your own job, family, etc. then you might not have time to make a quick response to these issues. Park City property management companies are able to respond immediately to these types of situations and do so in a professional manner. They will have the staff and experience to handle properties like yours in an expeditious manner.
Industry Knowledge
What can you tell me about Utah law SB 167? Is the Fit Premises Act a law about buildings with gyms in them? If a tenant is moved out and has given you a forwarding address how quickly must you return there security deposit? What about a standard of habitability and how long you have to take corrective action in regards to it? What is the market rent for a property like yours and how should the accounting be handled on your taxes? These are just a few of the things that a qualified Park City property management company should have expertise in.
If you would like more information on the value of a property management company, or further information about Park City property management in general click the link below for a free consultation. You will receive valuable information specific to your property that will help you make an informed decision. You will also receive a free, no-obligation quote on our property management services. At CC Realty we specialize in making investment property ownership a trouble free experience. Please contact us today for your free consultation.
photo credit #1