Why Hire a Property Manager

By Jay



real property associates, RPAReal Property Associates is a property management company handling homes in Seattle, Everett, Bellevue and all of the cities and neighborhoods in between. We have been in business for 25 years and feel uniquely qualified to make the claim that we’re Seattle’s best property management company. In this blog, we want to talk about why you should hire a professional property manager.

If you’re a property owner and you want to create income for yourself, renting out that home is a great way to accomplish your goal. Your options are to do it yourself and represent yourself as a landlord, or hire a property management company to do the work for you. Obviously, there are cost savings when you do it yourself. You need to determine if the benefits of hiring a property manager are worth those costs. So, let’s talk about the benefits of hiring a manager.

Peace of Mind

If a property manager is doing the job correctly, they will provide the management duties as you see fit. The relationship between you and the property manager will develop and trust will increase. Trusting your property manager will lead to your peace of mind.

Tenant Placement

Property managers are there to locate, screen and place quality tenants. We look at placing quality tenants as job number one. If this is done correctly, things go fairly smoothly for both the tenant and the landlord. But if you make a mistake or take shortcuts, it can often lead to a nightmare experience. A property manager should have a great system for attracting high quality prospects. Once those applicants are located, there needs to be a rigorous screening process to ensure the tenants are qualified.

Property Maintenance

Your property manager will prepare the property and keep it maintained. Knowing how to best prepare your property for tenants can help you save money on repairs and bring you higher rent. You can expect expert advice on repairs that are essential or cosmetic.

Rent Collection and Lease Enforcement

Collecting rent and enforcing the lease are critical duties of a property manager. Knowledge of the landlord tenant laws is not for the faint of heart, and property managers are experienced in the rules and requirements for rental property.

Accounting and Bookkeeping

Accurate and timely bookkeeping is another benefit of hiring a property manager. You won’t have to keep track of income and expenses, including your mortgage and utility payments. A property manager can provide you with monthly accounting statements and year end totals making tax preparation easy.

These are just a few of the benefits to property management, and there are many more. If you need additional help deciding whether or not to hire a property manager, please reach out to us at Real Property Associates.

Next Post

    Latest Posts

    Four people putting puzzle pieces together, community-centric property management concept.

    Community-Centric Property Management: How RPA Puts Seattle First

    Read Full Post

    What Kind of Insurance Coverage Do Landlords Need?

    Read Full Post
    A person analyzing a small house property owners concept.

    Seattle Rental Market Trends: RPA's Insights for Property Owners

    Read Full Post
    Seattle home, local approach concept.

    The Power of Local: RPA's Approach to Property Management in Seattle

    Read Full Post

    Subscribe To
    Receive The Latest News

    Similar Posts

    By Real Property Associates  |  Jun 25 2020

    Black Lives Matter

    Real Property Associates, Inc believes Black Lives Matter. We stand in solidarity with the Black, In...

    By Jay  |  Feb 9 2016

    As elsewhere - RPA sees a lack of housing inventory a game changer

    For February - Depleted inventory is contributing to "overwhelming" traffic at open houses, shifts i...

    By Jay  |  Jan 15 2016

    Will easing the Rules for Backyard Cottages Help Seattle Livability?

    Changing the owner-occupancy requirement for backyard cottages could create a loophole for developer...