Should I Manage My Property Myself?
Is DIY Management Ever a Good Idea?
Many property owners feel reluctant to pay for a professional property manager, thinking it would save money to handle their property needs solo. Before you jump in feet first and hope for the best, it's important to understand all of the responsibilities that come with managing a rental unit. This will allow you to make an informed decision about what will work best for your unique situation.
Finding the Right Tenants
The right tenants make a huge difference when it comes to your rental properties. With bad renters in place, you could find yourself dealing with a long list of nightmares: unpaid rent, property damage, and more! To keep this from happening, you'll need to connect with interested applicants in southern Utah, and then screen your rental applications thoroughly.
Many landlords don't even know how to start searching for tenants. At Keyrenter, we create digital listings for every property we represent, and we syndicate our availabilities across a number of real estate sites. We also use traditional advertising methods to connect with the largest audience possible. After we begin receiving applications, we use our rigorous 13-step screening process to separate good candidates from the bad.
Handling Maintenance Problems
Landlords who want to take care of maintenance issues need to be skilled handymen. From repairing HVAC systems to fixing plumbing problems, the average rental home needs plenty of attention over the course of its lifetime. If a particular challenge requires speciality expertise, you'll need to negotiate with local contractors to provide the service for you.
Of course, maintenance issues don't only arise during "business" hours. We often receive phone calls in the middle of the night and on weekends, when emergencies occur in a property we manage. If you choose to manage your property on your own, you'll need to stay on call around the clock—and if you feel like taking a vacation, you'll need to find someone to take over.
Arranging Your Financial Affairs
Turning a profit is always the goal for landlords, but a lot of effort goes into keeping your financial affairs in top shape. From sending out rent bills to processing incoming payments each month, you'll need to pay close attention to the monetary matters of your portfolio. You will also need to careful manage security deposits, document expenses for tax purposes, and follow up with tenants who are behind on their rent.
Don't let your finances spiral out of control, or you could be facing a massive headache.
Still Thinking about DIY Management?
If you feel comfortable marketing your property, screening tenants, answering maintenance calls, and handling all of the finances for your rental portfolio, you might be the right candidate for DIY management. At the end of the day, property management takes a lot of work. If you're ready for that commitment and have the time and energy to spare, you may not need a property manager.
For everybody else, professional property management simply makes sense. By choosing Keyrenter, you'll benefit from an affordable alternative that will help you save money, time, and stress. Ready to learn more? Call us today to get started: (435) 414-6600
PROVEN AND TRUSTED
I have been so impressed with not only the quality of service, but the punctual service and communication skills that I have seen through Keyrenter. I would absolutely recommend using Keyrenter.
Keyrenter is very organized. I have had several problems with my condo, and Keyrenter has been on top of everything. I can’t say enough good things about the company.
Why Choose Keyrenter?
An experienced industry leader advocating for our clients.
Experience that Speaks for Itself
Many homeowners have worked with small property management firms that make big promises and deliver underwhelming results. At Keyrenter, we strive to ensure every customer receives the best service possible. With offices nationwide, our proven approach has helped thousands of homeowners to maximize the value of their investments.
We Pay Attention to the Details
Don't be tempted to cut corners when it comes to property management solutions. We use a combination of cutting-edge technological resources, educational tools, and ongoing training to ensure our team continues delivering the best management in the industry. We'll maintain your home and ensure it delivers results for years to come.
Our Transparent Approach is Unparalleled
We treat our clients like business partners—we can't stay successful unless we keep your property performing optimally. Unlike other firms that use hidden fees and expenses to boost their bottom line, we're committed to honesty. We develop one-on-one relationships with our customers and provide customized advice.
READY TO GET STARTED?
Send us a message or give us a call today: (435) 414-6600