While rental property ownership is a dream for many individuals, that dream can become a nightmare if you feel tethered to your investment.
A good work-life balance is essential, but being a property owner-landlord can put way too many responsibilities on your plate. You might come to feel as though you don't have much of a life at all.
That's one reason it makes sense to invest in investment property management.
Keep reading to learn how hiring an investment property manager can give you your weekends back.
You Won't Be On Call 24/7
When hiring a property management company, you won't be on call around the clock to deal with tenant problems.
Buying a rental property means working with tenants, but the chances are you don't want to be on call 24/7. Having tenants call you when you're in bed at night, doing errands around town, or at the table for dinner will be taxing.
Instead of having to be personally involved in all tenant-related issues, you can hire a property manager to fill in as the landlord. A property management company knows how to be a landlord and how to deal with tenants.
You won't be glued to your phone or tethered to your investment property since you'll have a professional service provider helping you out. That means you'll have free weekends that you can spend doing whatever you want.
You Won't Have to Worry About Maintenance
If you don't like to have to landscape your own residential property on the weekends, you'll likely enjoy doing so even less on your investment property.
Yet, you can't afford to let things like landscaping and maintenance fall between the cracks. Failing to look after your rental property can do the following:
- Make it less desirable to tenants
- Lower the value of your investment
- Lead to costly repairs down the road
You don't want to do anything to jeopardize your investment property, but that's exactly what you'll do if you fail to maintain it. Even so, you'll be giving up many days, evenings, and weekends of your time if you do things yourself.
That's one reason many rental property owners hire property managers. You can get the service provider to take on all the landlord duties or just the ones you don't have the time or desire to do independently.
You Can Spend Time With Family
When you have a property management firm providing landlord services for your property, you'll be able to spend more quality time with loved ones.
You don't want to be on call all the time. If you are, you'll likely have to back out of planned events with family and friends. Hiring a service provider that can manage your investment property will ensure you have a life.
Do You Need Help With Investment Property Management?
If you own a rental property, you know how difficult it can be to be a landlord.
You don't have to do everything yourself if you don't want to. Contact us at Residential Equity Management for your investment property management needs. We service property owners in and around Folsom, CA.
For prompt and professional service, call us to see how we can help you.