With all the stressors surrounding the COVID-19 pandemic and its effects on Texas, DIY property owners certainly have a lot on their plate.
- How will you manage maintenance and property upkeep during social distancing?
- How will you keep up with your residents and their rental payments during a shelter-in-place order?
- Your mortgage payments don't always stop just because businesses are temporarily closing—how will you find a new renter for your vacant property during a crisis?
Where once DIY landlords felt like they could confidently manage a rental property or two on their own, these changing times for our community suddenly paint property management in a whole new light.
Working with one of the best property management companies in San Antonio can alleviate a lot of the stress that comes with being a landlord—especially in times like these. If you're trying to decide if working with property management is right for your financial goals, these are the questions you should be asking.
Do You Have the Time?
Rental properties aren't just financial investments: they're also investments of your time. You might be surprised at how much of your time can be taken up by having to maintain a rental property on your own. Even if you happen to be a landlord that suddenly finds themselves in a work-from-home environment, you know this isn't a vacation. On top of everything you find yourself keeping up with from your home office, you still have to make time for the responsibilities of being a landlord.
This includes everything from tackling maintenance chores and making repairs to collecting rent and handling tenant relations. With new restrictions coming on travel, there may simply not be enough hours in the day to also be a full-time landlord. Plus, if you want your business to grow, you need to be able to direct more of your time and energy toward finding new properties to invest in—not just working on the one you already own.
The best property management companies in San Antonio can provide the research you need to support healthy growth—before, during, and after any crisis.
Do You Have the Skills?
Even the most experienced DIY expert should be cautious about doing their own repairs on a rental property. Not only are you liable for any repairs you do yourself, but managing a rental means everything must be done to the highest possible standards. Sure, you might be able to handle a few repairs yourself—but you won't be able to tackle every repair.
Even if you hire contractors to do certain jobs (i.e., servicing the HVAC, repairing appliances, fixing damage, and overseeing pest control), it's important to carefully vet your vendors, so you know you're hiring the right people. If you have the ability to manage your property, it's sometimes better to let a property management company take on the responsibility.
During social distancing and limited travel, the ability to coordinate and manage maintenance from home becomes even more challenging on top of your current responsibilities. The best property management companies in San Antonio are able to seamlessly coordinate the maintenance and upkeep of your properties using automation.
Do You Mind Giving up Control?
Not everyone likes handing over control of their property to an outside company, and that's perfectly understandable. Letting someone else screen your tenants, make repairs on your property, and in some cases, even handle your property's taxes requires a lot of trust.
That's why it's so important to work with a property management company that's as dedicated to your property as you are. In the midst of this pandemic or any other crisis, it can seem even more nerve-wracking to entrust the care of your investment property to another person. However, being able to provide a professional response ultimately benefits you and your renters. While you're busy holding down your own home, having a professional to care for your properties can help you weather the storm as a landlord.
That said, while some people love being landlords, it's not for everyone. The level of professionalism and people skills that are needed on a daily basis are absolutely crucial during a crisis. When it's business as usual, landlords already have enough work to do with finding and screening tenants, making sure rent is paid on time, and handling disputes. It can be as emotionally draining as it is physically and mentally taxing, and many landlords are happy to have a property management service to handle these tasks on their behalf—especially now!
Do You Have the Right Property Management Partner?
If you're ready to learn more about how the best property management companies in San Antonio can help your rental business, you need an inside look at how to find one! At Real Property Management Campanas, we know how important your investment property is to you. COVID-19 has brought up some very real concerns for landlords, their residents, and our communities at large. Now is not the time to work with sub-par property management if you want to safeguard your investment.
That's exactly why we put together our FREE guide to finding the best property management partner in San Antonio! You need to be sure that the professional you work with is everything they claim to be on paper. Our guide will give you the tips you need to find a property manager who can help you not only succeed with your investment property during this pandemic but help you keep growing into the future.
Make no mistake: we will get through this crisis together! However, if you make the wrong move with property management now, you might be stuck with your choice for an entire year. Don't let fear guide your choices: download our guide to finding the best property manager!