To Self Manage or Use a Property Management Service?

Here are some thoughts to ponder if Investment Property Self Management or Professional Property Management is right for you.

Investment Property Self Management

•You take all Tenant Calls for issues and questions 24/7/365

•You collect the rent, ensure the payment clears as well as follow up on late or missing payment

•You or your Paralegal can file notices

•You handle all maintenance issues, source suppliers, coordinate entry to the property and be on site to let suppliers in

•You would implement a semi annual Property Inspection and Maintenance schedule

•You would oversee the move out process, collect keys, do a property clean up and prep for next Tenants.

•This is not a tax deductible service

Investment Property using a Property Management Service

•The PM Co takes all Tenant Calls for issues and questions 24/7/365

•They collect the rent, ensure the payment clears as well as follow up on late or missing payment

•The PM’s or their Paralegal can file notices

•They handle all maintenance issues, source suppliers, coordinate entry to the property and be on site to let suppliers in

•They would implement a semi annual Property Inspection and Maintenance schedule

•They would oversee the move out process, collect keys, do a property clean up and prep for next Tenants.

This IS a tax deductible service

For many investors, Property Management is about time, desire and money. If cash flow is tight, an Investor may not want to have extra fees. If an Investor lives out of town, is short on time, has difficult tenants or really does not want to be in the thick of it, a Property Management Service may be worth looking into.

Have questions? We are here for you! contactus@completepminc.com