The Value Of Park City Property Management
For some people the concept of value is closely related to the concept of a "deal". If you feel you are receiving a good or service at a below-market price then you might consider there to be value in the transaction. But there is more to value than simply getting a good price. When it comes to Park City property management there must be an understanding of what services are provided for a given commission or fee.
"Well I don't need to pay somebody to just collect rent."
This idea, or some variation of it, is one commonly used to dismiss the value a property manager provides to a property owner. But I view this as an opportunity to explain exactly what a property manager can do for you at a very reasonable cost. If you are looking for a good breakdown of cost then you can check out a post I wrote titled "Park City Property Management For 62 Cents An Hour." That posts succinctly explains the cost in relatable terms. But when talking about value the basic question is what do I get for the money I pay? Is there any worth for a property owner in the services provided by a Park City property management company?
Landlord Grief
I recently spoke with a woman who was having trouble with her tenant. The tenant was two months behind on rent, was supposed to have done some work for her in the property but had not and she was now facing the prospect of evicting the tenant. And she was attempting to manage all of this from Arizona. No local contacts in Park City property management, other then myself, to look after the place, find a good tenant, serve proper notices for late payment or lease violations, inspect the property, perform maintenance, etc. She didn't know or understand the basics of Utah eviction laws or what was necessary for her as a landlord to do when beginning the eviction process. And now she was in a bad spot with a bad tenant and not sure where to turn. This is a classic example of what I like to refer to as "landlord grief". Being a landlord is all sunny beaches and margaritas, waiting for a rent check to show up. Sometimes it is time consuming, stressful, ugly and just plain work. These are things that a Park City property management company will take care of for you. Know more hassles and dirty work, you actually can sit on the beach and enjoy your margarita!
Asset Manager
A property manager is really an asset manager. Your investment property is a substantial asset. For most people a home is the single largest expense they will have in their entire lives. If you aren't taking care of it then who will? Property managers charge a reasonable fee and have a particular set of skills related to maintaining and protecting a very expensive asset. Far from just sitting back and collecting rent checks and property manager will place qualified tenants into a property who will also help to maintain and even enhance the value of your long term rentals in Park City. A property manager should be a trusted component of your wealth-building goals and work with you to maximize the short and long term goals you have with your investment property.
If you would like more information on the value of 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.
