Why Hire a property manager?

If you’ve owned income property for any length of time, you know that managing a rental can be financially rewarding. At the same time, you’ve also likely discovered that property management requires an enormous commitment of time and effort.  This can bring an extensive amount of additional stress to you and your family.

While it may make sense to take the do-it-yourself approach if you’re a handy person, live close to your property, and don’t mind devoting several hours or more per month to do the tasks needed, in many cases this just isn’t practical ---- especially if you ever hope to expand your business. That is why many landlords fail to earn the profit they expected.  BUT WHY? Well, to briefly sum it up - It may not be the lack of effort, it was the lack of excellent property management skills and knowledge.  They thought they were doing what was necessary to yield a profit.  Some of these landlords ignore the role that a great property manager can play in preserving their property's capital value and maximizing its income.  They do not understand that property management is much more than just collecting rents! 

What Does a Property Manager Do?

A competent property manager can add significant value to your investment, which is why may seasoned real estate investors will tell you that a good management company is "Worth their weight in gold".   Management companies deal directly with tenants, saving you time and stress over collecting rent, tenant complaints, handling maintenance issues and even pursuing evictions.  

• We at Property Management Treasure Coast go "over and above" with regards to all tasks or issues that may arise daily.   Our reputation precedes itself with our extensive know-how and caring of the property and tenants... we give you the peace of mind that comes with knowing  your investment is in the best of hands.

Why Hire a Property Manager?

Some property owners are afraid to hire a manager because of the cost involved - not realizing they will actually make more money in the long term due to the increased care of the property.  A good management company can prove to be an asset to the continued success of your business.  Many investors will say that the value added of a great property manager is like finding a "pot of gold".

• We're a little biased but we have seen the proof over and over in our business.  By freeing the owners from the daily operations of the property, they have more time to explore other opportunities and think more strategically of how they want to manager all their investments, or their added leisure time.  The result is a more enhanced ROI, even with our fees.  Additionally, we alleviate the constant stress associated with dealing with tenants, contractors, and the everyday tasks of managing.

Great tenant retention?

Do you have great tenant retention and still raise yearly rents?  While it's easy to see the effects of lost rent, there are other equally serious problems with a high tenant turnover rate.  The turnover process involves a thorough cleaning, changing of locks, painting walls, replace flooring, not to mention the possible loss of rent.  This is a time-consuming and expensive process that can often be averted by keeping tenants happy and well cared for (and still be able to raise the rent each year to cover your additional costs, such as, insurance, property taxes and expenses).

• We at PMTC, with our many years of experience, have a time-tested tenant retention policy that ensures happy tenants with lengthy stays .  This kind of program requires a consistent, systematic approach, which is where we, as the best property management company on the Treasure Coast, shines over all other companies in this arena.  Our tenants stay more than they would with another company!  It's as plain as that!

Are you foolproof (emotionless) with the rent collection process?

You are in a business where CASH FLOW is king!  When rent is late, for many landlords, their mortgage is late.  So, do you get paid all the rent and on time?  The way you handle rent collection and late payments can be the difference between success and failure as a landlord.  Collecting rent on time very month is the ONLY way to maintain consistent cash-flow, and your tenants need to understand this is not negotiable.

• By hiring us, you put a buffer between yourself and the tenant, and allow our company to do the tedious job of listening to excuses, chase down rent, and when  necessary, assist with eviction.
• Many tenants will try to manipulate you in many ways.. it's  almost inevitable.  We instruct the tenants, in a kind and considerate manner, to follow every part of the lease or have consequences .  We have an advantage because tenants realize that we, unlike the owner, are only doing our job and are obligated to enforce the lease terms.  Therefore, tenants tend to adhere to the terms of the lease faster than they would with a landlord.  PMTC enforces the lease terms, and, does it with respect and consideration, and a listening ear for the tenant, and still gets the job done.  It's called "Savior Faire".

Are you a service oriented person?

It is  a time-consuming job to track rent payments, deal with complaints and repairs, prep the property for new tenants, find great vendors, collect fees, and much more!  It may become a constant source of stress and this part-time job becomes a full time job and more!

• If you are not a service person, and are often resentful or embittered by regular maintenance calls from tenants, then you probably should take the role of investor, and leave the management to someone else.  Relinquishing these ongoing responsibilities to PMTC can allow you to benefit from your investment without sacrificing your time, health and possibly a disgruntled tenant.

Do you know property management law?

It is crucial for the welfare of your property and your money to be very well versed in the law pertaining to property management.  Which means, days and months of learning and researching.   Are you willing to do that?

• PMTC is always up-to-date on all the necessary Federal, state and local laws.  We take seminars and classes on an ongoing basis to make sure you and your investment are compliant and safe!   Is your property safe?

Property managers are a buffer between tenant and landlord.

The owner can now keep a professional distance from their tenants when hiring a great management company.  Getting too personally involved can result in being too lenient or too defensive  on certain issues , or even be controlled by the tenant's attitude or excuses.

• PMTC speaks to the tenant with a "Teacher's Heart", but always maintains control of the situation.  For example:  Tenants are more inclined to remit rent on time or in  many cases, remit early with a property manager because they know we will follow through with what is written in the lease agreement.  (This holds true for all situations, not just rent).  

Lower maintenance & repair costs.

Do you have a proven list of service providers who are experienced, licensed, insured and interact with tenants on an ongoing basis?  How quickly does your vendor respond to you?  What happens when your vendor goes on vacation?  Good maintenance and repairs keep tenants happy and preserve the value of your investment which make them a very important part of being a landlord.

• Contractor relationships don't just happen... they are built through sending them regular work and paying on time.  (There are shady, inexperienced contractors that can take you for a serious ride monetarily, besides the liability factors involved).  By hiring our company you gain access to both our in-house staff, as well as our network of licensed and insured contractors who have already been vetted for good pricing and quality work.  This can translate into significant savings compared to the unknown of hiring a company you do not know or that does not have  a five star list of referrals.  You don't have time or years to build a contractor network?  RENT ONE by hiring Property Management Treasure Coast!

             SO, WHY RISK YOUR INVESTMENT?  YOUR TIME IS VALUABLE!

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