Many landlords who are in the process of growing their investment property portfolio are looking to choose a Live Oak property manager. Property management can help you free up time to work on your other projects or businesses. It can give you the bandwidth to expand by purchasing more properties—or it can offer you a leg up as an inexperienced landlord.
Once you realize that a property manager can help you achieve your goals, the next step is to choose the right property manager. They tend to fall into at least a few categories. One question we get a lot is whether to choose a Live Oak property manager who sells real estate or one who does not. As a property-management-only company, we believe there are some distinct advantages to choosing a company that only focuses on property management—and sticking with it long-term.
The world of real estate can be fascinating, with the potential for big payoffs and the need for truly engaged real estate agents. Some property management firms are offshoots of a real estate office. It can be hard at first glance to be sure how much value they place in their property management operations. It is, of course, possible to have great property management in the same office as a real estate sales company. However, it throws into question which side of the business is the priority—and which one is the afterthought.
One way to avoid this problem is to focus your efforts on a company that doesn't sell real estate. Instead, choose a Live Oak property manager that has made property management their only priority. This option allows them to excel at what they do—growing your investment.
Sales—or a Relationship?
You've probably been in more than your fair share of real estate meetings if you are a landlord or own any investment property. The skills of a real estate agent are particular: they are good at getting you to see yourself in one specific building or home. They are great at emphasizing the benefits that will appeal most to you in particular. This skill for sales is honed through their training, their experiences as early-career real estate agents, and throughout their future successes. While real estate agents are still client-oriented, they need to move on after the closing documents are signed to remain competitive.
Long-term relationship skills are the bread and butter of an expert property manager. At Real Property Management Campanas, we recognize that every positive relationship we build with a landlord or tenant now has long-term benefits. For property owners, this results in tenants who renew their leases, saving you time and money. The sales perspective and the management perspective are certainly not opposing—but they are distinct in many ways. A very high-touch, short-term relationship versus a steady, long-term one really requires a different kind of nurturing.
A property management company that only does property management can focus all of our attention on these long-term, pay-it-forward relationships. That behavior serves us well—but more importantly, it serves your investment—without the sales pressure. You may find that to be a real benefit in your search for a property manager. We offer the main services you are looking for, without adding services like real estate sales that you don't need in a property manager.
Specialized Care from Your Property Manager
Ultimately, one's profession is also a specialty—the time you spend deepening your knowledge is often at the expense of broadening your horizons. If you've been growing in your knowledge as a landlord, it likely has taken time from your other activities. While your property manager will wear many hats—whether advertising for clients, maintaining the property's look or collecting rent—a property manager is always working toward tenant-landlord service. Their priorities align with yours when it comes to the long-term health of your investment.
Juxtapose that mentality with the pressure of having to have a high volume of sales to be successful at real estate! By having the same individuals work in both property management and sales, a company that works to do both sacrifices some depth in favor of breadth. If you also have real estate needs, that may be a benefit—for many who only need the property management assistance, it is a weakness. To hire someone who is a perfect fit for your specific needs, choose a Live Oak property manager that doesn't sell real estate.
Real Property Management Campanas has developed our tried-and-true processes for quality property management. We've accomplished this goal through years of experience, our specialized training, and carefully choosing every vendor with whom we contract. We are excited to share more of the benefits of working with a property manager who doesn't sell real estate! Get in touch with us today, and let's start creating a customized plan to manage your properties.