Investing in a property in the San Antonio area is an exciting endeavor – whether you’re looking for the walkability of Castle Hills or the serenity juxtaposed with the new development of Helotes, you’re sure to find a beautiful location to attract quality renters. Managing that property, however, can come with many challenges.
If you’re new to the investment property scene, there are a lot of legal pitfalls that can end up costing you money and your reputation. Those who have been managing properties for some time can start to feel the wear of late-night phone calls, finding the best maintenance, and the ever-changing regulations surrounding tenants’ rights. That’s why hiring a property manager can be your next best investment.
A property manager not only handles the day-to-day tasks, which can become numerous, but they know how to work with renters ethically and professionally and come with a host of connections to quality maintenance professionals, ensuring the quality and return on your property investment.
Investing in Property Management is an Investment in “You” Time
With so many resources at your fingertips, managing your property can seem like a snap. For marketing, there's free social media and websites, and you can find a video tutorial for just about anything you can think of. What you must ask yourself though, is whether it’s worth your time.
Despite all the DIY options available and highlighted on numerous blogs about rental properties, what they don’t stress enough is the amount of time that all of these things can take. For example: once you’ve financed and prepped your ideal property, your next step is to find great tenants.
The majority of potential renters do their searching for a new property online, so your web presence must be top-notch with quality photos, listing on multiple sites, maintain a landing site for renters to learn more, and engaging people on social media.
All of this requires numerous hours a day, every day until you fill your vacancies. This engagement continues as old tenants move on and new tenants move in. And now, this cycle is concurrent with meeting your tenant's needs and maintaining the property with repairs or updates.
Property management isn’t a nine-to-five job either; people’s needs and appliance breakdowns don’t happen on a schedule. Now your date night has to be canceled because of a leak in the ceiling; a weekend getaway is cut short by a tenant fight escalating; a child’s birthday party is interrupted, emails are piling up, and you can’t remember the last time you got a good night’s sleep.
When you decide to invest in yourself, Real Property Management Campanas is ready to step in and give you your time back. We’re able to handle every aspect of your property efficiently, giving you the space to be as involved or not in the process, all while not having to miss a moment with your family and friends.
Investing in Property Management is an investment in your Tenants’ Rights
One of the most challenging aspects of owning a rental property is staying up to date with the ever-changing rules and regulations of tenants’ rights and housing laws. From the moment you begin the rental process, you must be aware of and work within those laws preventing discrimination in renting. These anti-discrimination laws can be difficult to navigate, and one misstep could end up costing you in legal fees and damages to your reputation.
Along with overcoming the hurdle of choosing the best tenants legally, you must stay within federal laws as well as state and local laws and ordinances. These laws include tenants’ rights, maintaining your property, and how to evict and can be different from county to county.
That’s why investing in Real Property Management Campanas is an investment in the well-being of you, your tenants, and the property itself. Our sole focus is managing professionally and legally. With Real Property Management, you are partnering with a team of experts in local and state laws that have the time and the expertise to stay on top of those laws. Real Property Management also gives your investment the level of professionalism it deserves when dealing with troublesome tenants gets to the realm of eviction.
Investing in Property Management is an Investment in Property Longevity
As mentioned before, there’s a tutorial for just about anything, making DIY home repair seem simple and straight forward, but rarely is that the case. All properties need quality, regular maintenance and as a landlord, this becomes vital to keeping your property viable for new and continuing tenants. If you’re not naturally a handy person, you’ll want to hire someone who can handle the smaller tasks efficiently and affordably without sacrificing the quality of the repair.
For more significant issues like electrical and extensive plumbing problems like burst pipes, you need a separate set of contractors who won’t break the bank while still delivering excellent service. Finding the right people for the job can be a lot of trial and error, which could lead to unhappy renters and loss of reputation.
However, when you work with Real Property Management Campanas, you no longer need to worry about that process of trial and error. We have already established connections with the best in maintenance and significant repairs. Our resources become yours when you entrust your property to our team. By partnering in a quality management team, you’re ensuring the longevity of your property and the return on your investment by giving it the quality upkeep you and your tenants deserve.
Hiring a property management team is investing in you and your success, so contact us today for a free consultation and see how we can improve your quality of life and the life of your property!