Property Management Company

Some tenants might feel that landlords are in the business to give grief to those renting the property. Contrary to this belief, landlords are in the rental business to make money. Remember Mr. Roper from Three’s Company? Although he gave Jack, Janet, and Chrissy a good amount of grief, his primary objective was to make money. Some novice landlords might attempt to take on all of the managerial roles associated with the property, which can be daunting. Savvy landlords know that property management companies can actually save the property owner quite a bit of money over time. 

Landlords should not be discouraged about the cost when hiring a property management company because, when pairing with a company of high quality, property managers can identify problems with the property and work with contractors to make repairs before a catastrophe. 

Here’s an example. Let’s say there is a loose railing between the second and third floor and a tenant falls down the stairs due to the defective equipment. If the tenant sustains an injury, the landlord will likely have to pay a large sum of money for medical bills, pain and suffering, etc. Property managers look for potential problems, take preventive corrective measures, and reduce the risk of injury to the tenants.

Homeowners know that anything can go wrong at any time. Landlords who own buildings with multiple units have a much stronger chance of something failing, and if not immediately corrected, minor problems can become major headaches with costly consequences. Additionally, property managers can aid in the tenant selection process, which is advantageous to landlords because every month that passes with a vacancy translates into lost revenue. 

Managing rental properties is time consuming, and for that reason, successful landlords know that property management companies are the best solution to problems associated with upkeep and tenant selection. If you own one or more rental properties, contact Occupancy Solutions today to learn how we can save you money and protect your investment!