What Does a Property Management Company Do?
Management companies deal directly with prospects and tenants, saving you time and worry over marketing your rentals, collecting rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions. Plus, a good management company such as Anchor Properties brings its know-how and experience to your property, giving you the peace of mind that comes with knowing your investment is in good hands. Finally, a management company is an independent contractor, so you avoid the hassles of being an employer.
When Should You Hire a Property Management Company?
Consider the following factors to determine if hiring a property management company would be a good decision for you or your business. You should consider hiring a property management company if:
- You don't live near your rental property. If your rental property is located far from where you live, hiring a property management company can be invaluable in dealing with the many issues that you will not be able to handle from afar. Anchor Properties has an experienced handyman who can fix or repair the most common issues that stem from rental property management and its maintenance.
- You're not interested in hands-on management. Many landlords look forward to the challenge of finding good tenants and the rewards of maintaining a safe and attractive property on their own. But if you view rental property ownership strictly as an investment and want little or nothing to do with the day-to-day management of your properties, consider hiring Anchor Properties to manage your property.
- Your time is limited. Even if you enjoy hands-on management, you may not have much time to devote to your investment, especially if land-lording isn't your day job. Anchor Properties makes it our business to take care of all day-to-day operations for you.
- You can afford the cost. Hiring a property management company is an attractive option if you can afford the fees. Anchor Properties management fee is 10% of gross rent receipts. This fee is used to cover all operations associated with your property on our behalf. Anchor Properties undertakes a thorough screening process on all potential renters making them the right fit for your rental.
- You don't want to be an employer. If you hire a resident manager or other employees to help with your property, you become an employer. You'll have to handle payroll and deal with a host of other legal requirements and considerations. But, because a property management company isn't your employee (it's an independent contractor), and neither are the people who work for the company, by using one you avoid the hassles of being an employer.
Call Anchor Properties today at 907.772.3300 to schedule an appointment and talk about the many ways we can help manage your properties. We are a licensed and insured company that has over 20 years of rental property experience. Let Anchor Properties represent you!