Property Management

WHICH TYPE OF PROPERTY MANAGER IS BEST FOR YOUR RENTAL PROPERTY AND PERSONAL NEEDS?

Property Managers provide important services for rental property owners looking to maximize their returns while taking a more passive role. Hiring a professional to handle the responsibilities that come with home ownership is a smart move in most cases and in general there are three different categories of property manager out there to choose from. All three will collect your rent and manage your rental property for you, but the way in which they do so will vary greatly.

HOW MUCH IS YOUR TIME WORTH AND WHAT ARE THE OPPORTUNITY COSTS?

Self-management of your rental property is a great way to start out if you have just one property. Whether it’s a duplex or a three-family, it likely makes sense to manage it yourself if you have the skillset and time because your profit margins just won’t be that high, especially in year one.

HOW BEST TO DEAL WITH DEBRIS AT YOUR RENTAL PROPERTY

Nexus Property Management® manages all types of properties across our five franchise offices.

WHAT DO YOU DO AS A RENTAL PROPERTY OWNER WHEN YOUR TENANT IS ROBBED???

As a property owner you should strive to provide your tenants with a comfortable, safe, place to live in exchange for them paying you rent that goes toward your mortgage and potential profits. But what if you don’t deliver on your end of the bargain and someone’s belongings are stolen? Are you, as the landlord, responsible for replacing those missing items?

LOTS OF PROPERTY MANAGERS ARE COMPETING FOR YOUR BUSINESS…WHAT SHOULD YOU BE LOOKING FOR WHEN IT COMES TO PRICING?

Let’s start with something we should all be able to agree on: Hiring a professional property management company for your rental property should bring you greater profits and returns than you would see without one.

THE TOP PROPERTY MANAGEMENT COMPANIES CHECK THEIR EGOS AT THE DOOR, DOES YOURS?

Guess what?…there’s something many property managers don’t want you to know. As if they’re hiding from a pig-tailed girl from Kansas, her three bumbling friends, and her little dog too, there’s an all-too-common effort to appear all-knowing and all-powerful in the industry. But here’s the truth: the best property managers invite their clients behind the curtain.

WHAT RESPONSIBILITIES DO PROPERTY OWNERS WHO HIRE A PROPERTY MANAGER RETAIN?

MANAGING RECURRING BILL PAYMENTS IS NOT THE BEST USE OF YOUR PROPERTY MANAGER’S TIME OR RESOURCES

Call me old-fashioned, but I still prefer to go see my doctor when I’m feeling sick. I could go online and attempt to self-diagnose and try some things that Google Search has curated for me, but when it comes to my health, I prefer to invest in working with an expert. Living my healthiest life seems worth the time and expense.

SMART INVESTORS DO THE MATH AND SEE THE VALUE, BUT NOT WITHOUT SOME TRADEOFFS

The general idea behind investing is to commit to an asset that will make money while you sleep. You’re looking for passive income and you want your money to work for you. Real estate investment puts a check in all of these boxes, if you can skillfully identify properties and scenarios with the greatest upside.

SMART INVESTORS KNOW THAT THEIR PROPERTY MANAGERS ARE PART OF THEIR TEAM AND WANT TO MAXIMIZE THAT RELATIONSHIP

Oftentimes, when property owners are new to working with a property management company, they’re a bit hesitant and cautious, the way many people are when they take their vehicles to the mechanic. It’s natural to be skeptical when it comes to high ticket items like cars and houses and with homes it’s even easier because most people have more experience with property upkeep or collecting rent than they might have diagnosing an odd sound coming from the engine.