You may be considering managing your own rental property, but unless you plan to make it a full-time business, this may not be the right decision in the long-term. Here are ten reasons why choosing professional property managers could be a better choice for you
1. Time. If renting out property is not your full-time job, then you may not have the time to spend on practicalities such as collecting rent, changing utility companies or dealing with maintenance issues.
2. Convenience. From finding suitable tenants to dealing with water leaks in the middle of the night, property managers deal with the inconvenience so that you don’t have to.
3. Security. You can rent out your property knowing that your tenants will have been fully vetted, your tenancy agreement is watertight and your property is being maintained and inspected regularly.
4. Expert advice. A good property management company will be able to offer you a lot of advice, from the amount you should be charging for rent to your landlord obligations. There will always be someone available to offer you the help that you need or answer any questions that your tenants may have.
5. Problem-solving. A professional property management service will be able to deal promptly with any problems associated with your rental property. This could be sourcing the tradespeople to deal with an urgent maintenance issue or to effectively pursue tenants if rental payments are late.
6. Cost-effectiveness. As long as you choose the right company, allowing someone else to manage your property should be a sensible financial choice. Keywest, for example, prides itself on offering a comprehensive package at the best possible price. This sort of service can save you thousands of pounds in the long run by ensuring that your property is properly looked after, that you rent to tenants with a good track record and that you do not have to take costly time out from your day-to-day work to deal with problems.
7. Up-to-date information. If you do not live close to your rental property, it can be worrying if you feel out of touch with what is happening with your investment. Choosing a good property manager with ensure this doesn’t happen.
8. Local knowledge. If you have been trying to manage a rental property remotely, you will know it can be difficult to find the best local tradespeople or even to assess how much rent to charge. A local property manager will have this knowledge – and more.
9. More control. You may worry that you will lose control if you allow someone else to manage your property. In fact, the exact opposite is true. You will still have control of your property with the added benefit of being backed by a team of experts in the field.
10. Technology. Experienced property managers have the technology and expertise to ensure that your property is marketed in the best possible way and in the right places, meaning that good tenants are easier to find and there is little chance of your rental property standing empty for long.
Start your journey towards stress-free property management by contacting the Keywest team on 0116 254 4555 or by emailing sales@keywest-estateagents.co.uk.
