5 Tell-Tale Signs You Need a Property Manager

There are a lot of challenges that come with being a landlord. From finding and screening tenants to dealing with maintenance and repair issues, it can be a lot to handle. And if you’re not careful, it can be easy to get overwhelmed.

One way to ease the burden of being a landlord is to hire a property manager. A good property manager can take care of all the day-to-day tasks of being a landlord, freeing up your time and giving you peace of mind.

While it’s understandable to think that you’ll be saving on your budget if you take all the responsibility by yourself, you might encounter signs that indicate it’s high time to share the load with a property manager.

Spotting the Signs That Say You Need a Property Manager

Sign #1: You’re Juggling Multiple Investment Properties

If you find yourself with multiple investment properties, it might be time to consider hiring a property manager. A property manager can help you keep track of your properties, handle repairs and maintenance, and find and screen tenants. This can free up your time so that you can focus on other things, like acquiring more investment properties.

Sign #2: If You’re Always on Call 24/7

Do you find yourself constantly fielding phone calls and texts from tenants, even after hours and on weekends? If you’re the one who’s always on call, it might be time to consider hiring a property manager.

A good property manager will be available to handle any tenant issues that may arise, so you can rest assured knowing that someone is always there to take care of your property. This can be a massive weight off of your shoulders, especially if you have other commitments that keep you from being available at all hours of the day.

If you’re starting to feel like you’re always on call, it might be time to hand off the reins to a property manager.

Sign #3: You’re Not Near Your Investment Properties

If you’re an out-of-state investor, or if you simply don’t live near your investment properties, it may be time to hire a property manager. A good property manager will take care of the day-to-day tasks of running your rental property, including dealing with tenants, collecting rent, and handling maintenance and repair issues.

If you’re not able to be on-site to deal with these things yourself, a property manager can be a lifesaver. They can also help you avoid potential problems by keeping an eye on your property and your tenants.

Sign #4: You Also Have a Different Full-Time Job

If you own rental property, but also have a full-time job, you may find it challenging to keep up with the day-to-day tasks of being a landlord. From collecting rent to dealing with maintenance issues, managing a rental property can be a full-time job in itself. With that in mind, a property manager can take care of the day-to-day tasks of running your rental property, freeing up your time to focus on your job.

Sign #5: You Have a High Vacancy Rate

Do you find yourself constantly having to advertise for new tenants? Are you dealing with a high vacancy rate? If so, it may be time to consider hiring a property manager. A property manager can help you to keep your vacancy rate low by finding and screening tenants, negotiating leases, and maintaining your property. They can also help you to resolve any tenant issues that may arise.

The Bottom Line: It’s Worth Hiring a Property Manager to Help Boost Your Business

There are many benefits to hiring a property manager, especially if you’re a busy investor with multiple rental properties. A good property manager can help you boost your business in a number of ways, from finding and screening tenants to handling maintenance and repair issues.

If you are looking for the best property management companies in Jacksonville, look no further than Quest Real Estate. We are a full-service property management company that can take care of all of your property management needs, be it for homes or commercial properties, so contact us today!