Today we’re talking about why you would hire a professional property manager for your Kentucky rental property instead of trying to manage your home and your tenants on your own. It might seem like a simple job: you just have to find a tenant and then collect some rent every month. Actually, it’s not that easy and a lot can happen as soon as you put your property on the rental market. If you’re not prepared, you can wind up in financial or legal trouble.

Choosing tenants requires a lot of experience. Many landlords that manage their own properties like to follow their instinct instead of consistent, practiced procedures. That often results in disconcerting situations. For example, you might find out the tenants you chose were not quite as appealing as you thought. They might move in their long-lost relatives without authorization, or they get a pit bull for their teenager. Disputes with your tenant can be difficult to deal with and a professional property manager acts as a buffer so you don’t have to worry about chasing down late rent or responding to maintenance calls in the middle of the night.

There is a lot of stress involved in managing your own property. You’re required to be on call 24 hours a day, seven days a week. That can really cramp your career, family life and vacation schedule. When you run into legal issues or you find your tenant has trashed your property, you have to take immediate action. Managing your own property can often turn into a full time job.

A good property manager will take the stress and the anxiety out of your hands and take care of all your property and tenant needs for you. In addition to collecting rent, your property manager will advertise and market your property, ensuring you get the best possible tenant. Your property manager will also take care of showing the home, screening the tenants and supervising the lease signing. You won’t have to worry about regular inspections and monthly accounting because your professional team is taking care of it for you. If rent isn’t paid or lease violations are noted, a property manager will resolve the situation with your tenant and keep you and your property protected at all times.

Landlords who work with professional property management companies find that they save money, time and endure shorter vacancies. They also get high quality tenants and affordable maintenance. Most importantly, they get peace of mind.

If you’d like to hear more about the benefits of working with a professional property manager instead of trying to do everything yourself, please contact us at Hillcrest Property Management. We look forward to talking with you.