12 Reasons to Hire a Property Manager

You’ve bought the investment home and now you’re wondering: “What Comes Next?”

If the answer to that question means you’re considering why you should hire a property manager – then perhaps this list will help. While it’s easy to think that owning income property is just a matter of picking up the rent each month – there really is a lot more to doing it effectively (and legally) than most people realize.

To begin our series, “How a Property Manager Takes Care of Business” – here is a short – but important – list of the work involved you should consider. For now, we’ll just give you the wavetops . . . and we’ll expand on these topics in future posts.

1. Marketing, advertising and showing your property. (It’s not all about Craigslist.)
2. Staying in compliance with housing regulations, property laws, and tenant rights. (Lawsuits, anyone?)
3. Setting the right rental and deposit rates. (Protect your investment.)
4. Applications, Interviews, and Background Checks. (Avoid discrimination issues.)
5. Finding the right tenants and managing them properly. (P.M. takes the “bad cop” role.)
6. Retaining tenants and reducing tenant turnover. (Result: Reliable income.)
7. Avoiding legal matters and complications with proper leasing procedures. (Being legally covered.)
8. Collecting and depositing monthly rent payments on time. (Stress-free, reliable income.)
9. Benefit of the manager’s own in-house staff and outside vendor relationships. (Lower negotiated costs.)
10. Inspections, maintenance, and upgrades as needed. (Extending the life of your investment.)
11. Handling all accounting and documentation. (All the tracking is done for you.)
12. Fees are a property expense. (Limit tax liability – and save your time and energy in the process.)

One thing that may strike you as familiar about these 12 items is – yes, they are closely related to the real estate industry. In many cases, the responsibilities and legalities overlap or are connected in such a way that a Realtor® is knowledgeable about already. As a result, they have the expertise, connections, and education to address all your needs properly, efficiently, and cost-effectively.

That’s one of the reasons we recommend choosing a Property Management company with a successful real estate background and one who is familiar with the area. New Home Resource Property Management meets all these qualifications – and much more. We’d be happy to show you the financial, timesaving, and stress-reducing benefits you’ll receive by allowing us to manage your rental properties. Visit our website to fill out an interest card – or call 702.365.1000 for more information.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!