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Why pay a Property Management Company?

Why pay an Orlando Property Management Company?

Some landlords manage their own investment properties. However, successful landlords in Orlando will choose to use a property management company for several good reasons.

Why would an investor decide to give up any portion of their profits to hire a property management company?  What are the factors that investors consider deciding to use a property management company?

How Valuable is your Time?

Isn’t your time value? Do you really need to add more stress to your life? Of course, managing investment property can take a lot of time.  Also, it will add significant anxiety to an investor’s daily life.

Here are just a few of the things an Orlando property manager must deal with:

  • Marketing vacancies, finding tenants, and managing tenants.
  • Making repairs and maintenance.
  • Urgent, emergency calls
  • Qualifying Tenants
  • Handling evictions.
  • Vandalism and damage.
  • HOA rule violations.

Quality of life considerations, is the primary reason that real estate investors decide to use a property management company.  Because they recognize it takes time to managing their properties.

Financial Rewards

What are the financial benefits to using a property management company?  For successful professions such as doctors, lawyers, and accountants it makes a lot of sense.

Doctors, lawyers, Realtors, financial professionals, entrepreneurs, and other Orlando professional own real estate investments. Busy professionals make much more money by working in their field of expertise than managing their properties. So paying a property management company to oversee their investment makes a lot of sense.

Also many investors take advantage of purchasing investment property in a Self-Directed IRA .  In this cases, the investors must be passive participants in the management of the property.  Therefore, for tax purposes, these investors use a property management company.

an investor juggling three homes

an investor juggling three homes

Finally, real estate investors who have acquired a substantial portfolio in the Orlando area will greatly benefit from a property management company such as Real Property Management Freedom. In addition, those investors who may want to retire without the annoyances of dealing with relentless property management problems. will find it beneficial to hire a property management company.

Long distance Investment Property Management

Trying to manage properties from long distances, will usually be disastrous. In most cases, an absentee property manager will not be able to effectively oversee the property.

How will a real estate investor who lives an hour or more driving distance from their properties be able to respond to emergencies in a timely manner? For many, it simply makes since to hire a property management company.  Otherwise, the headaches caused by managing properties by long distance will take up a lot of their time.

Expertise & Time

Do you have the ability, talents, and skills to manage your properties? How good are you at selecting and manage tenants? Can you maintain your properties and do you have a good bookkeeper? Do you know how to  perform needed repairs? In addition, are you able to keep up with changes in local, state, and federal laws that effect your properties?

The best property management companies will help investors maximize their returns and minimize their involvement. This is what Orlando based Real Property Management Freedom does for its investors.

In Summary

Some real estate investors do have the ability to manage their investment properties properly, and enjoy the process. However, there are many investors that do not have the time, skills, or aspiration, to effectively manage their rental properties.

Who are the Orlando real estate investors that should hire a property management company?

  • Investors that have more than 4 investment properties.
  • Property owners that don’t want the headaches, or have the time, to managing rental properties.
  • Investors that live too far away from their investment properties to manage them.
  • Investors that do not have the ability to manage rental properties.
  • Professionals, whose time is better spent working in their profession.
  • Passive Investors who want to take advance of the current tax code for investment held in a self-directed IRA or similar plan.

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When it comes to finding the right property manager for your investment property, you want to know that they stand behind their work and get the job done right – the first time. At Real Property Management we have the expertise, technology, and systems to manage your property the right way. We work hard to optimize your return on investment while preserving your asset and giving you peace of mind. Our highly trained and skilled team works hard so you can be sure your property's management will be Done Right.

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