Smart investors know that hiring a Sacramento property manager before you acquire an investment property is a good idea. If you already own a rental unit or an entire portfolio of properties, it’s also a good time to hire a professional management company.
What we’re saying is – it’s
always a good time to access the expertise and resources available to you through
professional Sacramento property management.
If you’ve been managing on your own and things have gone smoothly, that’s fantastic. However, things can change quickly in the rental market and the laws are only growing more complex. If you’re thinking about working with professionals, we want to help you understand the benefits and advantages to that decision.
Property Management before You Invest
Your Realtor is going to give you good advice on negotiating a purchase price and showing you the available inventory. However, a property manager can bring a different set of skills to investors before they buy a rental property. When you work with a property management company before you close the deal, you can expect:
- Rental value estimates for the property you’re considering.
- Data on
property vacancy, turnover, and days on the rental market.
- Advice on upgrades or updates that will be needed to get the property rent-ready.
- Strategic marketing plans for leasing and resident retention.
Once you have a property manager providing advice during the purchase process, it will be a smooth transition into the leasing and management process. Your property manager will already know the property and understand your investment goals.
Property Management after You Invest
If you’ve already signed on the dotted line and taken possession of your new investment property, it’s still a good time to hire a professional manager. You’ll need someone to get the property ready for the rental market. Whether there are
simply cosmetic upgrades that are needed or more complex maintenance projects, your property manager will know who to contact and how to stay on schedule.
You’ll need a property manager to market the home, screen renters, and handle the leasing process. During the tenancy, you’ll want to rely on your professional partners to handle maintenance and resident relationships and keep you compliant with all the changing state and federal laws. Evictions are complex and best avoided. If you do
need to evict tenants, you’ll need help from a property manager to ensure it’s a “just cause” eviction and to prevent expensive mistakes.
Hiring a Property Manager When Your Current Company Fails
Maybe you’ve been working with a Sacramento property management company, but you’re not receiving the services or the value that were promised. In this case, don’t wait too long to make a switch. Property management will only help you if it’s
good property management. You need a team that can help you earn more and spend less on your investment.
Most of our new clients come to us from other property management companies because there’s a lack of communication, a lack of service, or more problems than solutions.