If you’re considering investing in Kirkland property, or you’ve already taken the plunge, you have to start thinking about property management. While you could choose to do it yourself or even ask your best friend to do it, there are a number of reasons to invest in professional property management services. If you’re not quite sure, consider the following before turning your Kirkland property management over to anyone who isn’t a professional.
A professional company means professional results, and that’s important when you’re talking about property management. Whether this means professional rent collection, proper and appropriate handling of claims and requests, maintenance handling, or interviewing new tenants depends on the situation, but it’s always going to go better with a professional doing it. The best part about professionals is that they know what they are doing, and have the experience and training to make sure it’s profitable. That kind of thinking is especially valuable when you’re working in a high value market like real estate.
2. Paperwork & Documents
Another great thing about hiring a professional is that they know how to draw up and handle important legalese and paperwork. This includes tenant contracts, tax papers, maintenance contracts, inspection reports, and pretty much every other type of paperwork you might need. The best property management companies handle all of that for you, so that you can relax and worry about making new investments.
3. Local Knowledge of Rates, Rules, Regulations, etc.
While professional property management companies offer a significant amount of value in the form of legalese training, they also offer another type of invaluable assistance, knowledge of local rates, rules, and regulations specific to the Kirkland area. While this might not sound important, especially if you are local, or are from another part of King County, it makes a big difference when it comes to setting rental rates, handling tenants, and even deciding how and where to make modifications or repairs. Local knowledge means that you can get the most out of your property without accidentally breaking any rules, which can save you a lot of time and even money.
Marketing is something that most of us know nothing about, but it’s incredibly important for filling units. A professional property manager knows how to market, so that you can fill your units as quickly as possible and start making money off of them. In fact, the best property managers won’t actually charge you until the units are full. Essentially, if they’re not doing their job, they don’t get paid.
Last but not least, hiring a professional property management company offers you a world of convenience. Whether you live in Kirkland, or on the other side of the country, you won’t have to worry about taking tenant calls, handling repairs, managing reports and inspections, or tenant screening, you’ll just have to wait for your money. While you will still have to pay your taxes and talk to your property manager every now and then, that is about all you will have to do.
Want to know more? Contact Seattle Property Managers today to find out why we’re the best company for your needs.
The discussion herein is of a general nature only and is not to be construed as specific legal advice, which requires the establishment of an attorney-client relationship and fee agreement. SJA Property Management does not provide legal services.