Purchasing property as an investment is not difficult, especially today with so many low cost, high-quality properties available. However, once the investment has been made the responsibility of maintaining the property and keeping it occupied begins. Most investment property owners hire property management services in East County CA to attend to their properties, but is this the right way for you to go? There are a number of issues to consider, here are but a few:
Can you manage the property?
If you have never had a property in your investment portfolio before, you can easily find yourself overwhelmed and in way over your head. If you think collecting the rent is all there is to it, you are mistaken. Apart from rent collection is the day-to-day management and all the problems associated with it. Tenants expect a rapid response to their problems, and if you are not capable of giving this attention you will soon put your investment in jeopardy. It’s not just the things that need to be repaired during the day, what about midnight emergency calls?
Where is your property?
Having purchased rental property near your residence is one thing, if the property is on the other side of the country that is something entirely different. The property needs to be checked frequently, any small problems need to be fixed before they become large problems and the more property you have, the more difficult this becomes.
What services do you need?
If your needs are minimal, perhaps just someone to collect the rent every month, full property management services in East County CA are probably not for you. If you’re expected income from the property is small, then the fees charged for full service may eat into the profit. You may be better off finding someone who can offer a part-time service. On the other hand, if you must have a full service solution, you must make sure the company you select is the right one. The best property management companies are skilled in marketing, tenant selection, maintenance, repair and financial reporting.
Does the company warrant your trust?
You are about to turn over full responsibility of your multi-thousand dollar property to an unknown commodity. This company will be the gate keeper; they will be the difference between success and failure in your venture. You will be relying on the company to place deposits in escrow, collect rent, pay for contracted services, and pay the tax, insurance and perhaps the mortgage. Are you willing to take this risk? Make sure the representative of the company is level-headed and professional, make sure the company has been in business for a long time and do not hesitate to check with the BBB and follow-up on references.
You will not experience any problems with property management services in East County CA if you work with Real Property Management – Titanium, East County. With years of experience and an impeccable reputation, they can attend to all your property management needs. Contact them at 619-344-0900.
Be the first to like.