Property Manager Versus Landlord - Park City Property Management
For some the idea of being a landlord is pretty simple. You hang a "For Rent" sign up, a great tenant wanders in and takes the place, and you sit back and collect rent. If being a landlord were always this easy there would probably a lot more landlords and a lot less Park City property management companies. But unfortunately bad things happen to good properties, stuff breaks, and your perfect tenants aren't always so perfect. So let's take a look at some situations when having a property manager is better than being a landlord. These are common situations that anyone in Salt Lake City property management could face at any time.
The Friday at 5 Phone Call
I'm not sure if the gods (or demons depending on how bad things are) who rule over maintenance items cruelly wait until this witching hour to unleash problems but it has happened one too many times for me to discount anything at this point. So as a landlord, especially if you have more than one Park City long term rental, you should be prepared to receive this phone call. Sometimes tenants let things go until they become an emergency. And sometimes there are just plain emergencies. I have my own rental property that I manage and I can tell you from experience that there really isn't a convenient time for something in your rental property to go wrong. And if there is I can guarantee nothing will happen then! So if the idea of occasionally having your free time on those precious weekends interrupted is not very appealing then you should consider a Park City property management company. A good property manager has systems in place to respond to these types of requests. They can either fix the problem themselves, make a quick repair to last through the weekend until a more permanent one can be found, or have contacts with quality vendors that can respond in an afterhours situation.
It's Vacation Time!
Do you like to travel? Is there nothing more important to you than getting away with your family and leaving the cares of daily life behind? Well sadly problems with a rental property are not respecters of vacations! If your tenant has a noise issue with their neighbors they aren't going to care that you are lounging on a beach in Maui, they need your help now. Those rent checks aren't going to deposit themselves and if you need a pay or quit notice posted it won't happen unless you are there to do it. Sadly the compensation package for being a landlord does not include any paid time off. One of the biggest benefits to having a competent Park City property management company is the ability to do what you want with your time and not have to worry about your rental property being properly taken care of. I'm not saying problems are always going to occur when you are out of town, what I am saying is that with a property manager on your team you'll have one less thing to worry about when you are out of town.
If you would like more information on the benefits of having a property manager 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.
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