The 6 Most Valuable Home Improvements

When it comes to home improvements, there are two big factors to consider when figuring out where to put your money: whether it’s something that will increase the value of the house to you and whether it’s something that will increase the value of the house to others, if and when you decide to sell your home. The most valuable home improvements are those that increase your home’s worth in fair relation to the amount you spent on them. And while the improvements that might be most worth it for you personally are subjective and hard to quantify, Remodeling magazine’s 2018 Cost vs. Value Report offers helpful national data on what home improvements give you the biggest bang for your buck. Here are 6 improvements to focus on.

1. Upscale garage door replacement

It may not be the most exciting upgrade, but replacing your current garage door with an upgraded model will yield you 98.3 percent in recouped costs across the nation. This number increases sharply for specific areas, with 46 out of 100 markets in the Cost vs. Value Report seeing more than 100 percent in recouped costs for this project. Now that’s money well spent.

What constitutes an upscale garage door? Today’s best garage doors are those built with durable materials like steel, wood composites, and aluminum, and that have high-performance additions like energy-saving glazing and insulation. Wood is a classic choice aesthetically, though it’s not quite as weather-resistant. If you really want a wood garage door, get the best of both worlds by looking into fiberglass or wood composite, which can have the same appearance as wood without the downfalls of the material.

2. Manufactured stone veneer on exterior

Another exterior home improvement that offers a strong return on your investment is enhancing the exterior of your home with manufactured stone veneer. A manufactured stone veneer isn’t really stone at all—it’s a man-made composite material shaped in molds. It has the same look as real stone, however, and is installed in the same way. It’s a great way to boost curb appeal and update an old or boring exterior. Even doing just a portion of your home (for example, the area around your front entry way) is enough to reap benefits. According to the report, the national average return on investment for manufactured stone veneer is 97.1 percent.

3. Wood deck addition

Seeing a pattern here among the best home improvements? The renovations that give you the most value tend to be focused on the exterior of your home. And when it comes to your backyard deck or patio, wood is the way to go. A composite deck addition or a backyard patio won’t yield you quite as much on the return as wood will at 82.8 percent (composite deck and patios yield an average return of 63.6 percent and 47.6 percent, respectively).

Remodeling recommends sticking with a 16 foot x 20 foot wood deck addition, though the right size for your home will depend on the size of your house and your yard. You’ll want to add a railing system as well for added function and stability.

4. The kitchen (within reason)

The kitchen is major when it comes to the most valuable home improvements. Buyers often look here first when determining whether a home is worth its asking price, since most people want an upgraded kitchen without having to pay a ton of money to get it after purchasing a house. There are a range of valuable home improvements you can make in the kitchen to fit your particular budget and objectives, from putting in energy-efficient, stainless steel appliances to painting cabinets and installing new countertops.

Interestingly, you don’t have to spend big in the kitchen to get a big return. A minor kitchen remodel will recoup about 81 percent of its cost in average resale value, while a major upscale kitchen remodel will recoup only about 53.5 percent of its cost. The most valuable home improvements in a minor kitchen remodel include modernizing the cabinets and countertops, upgrading to brand new appliances, updating the sink and faucet, and updating the flooring.

5. Siding and vinyl window replacements

Old, damaged, or deteriorating siding can seriously date the look of your house, and not in a charming way. Fortunately, updating your siding is a valuable renovation, bringing in a cost recuperation of 76.7 percent based on a purchase of 1,250 square feet of siding. Just make sure not to neglect the trim, since it’s an important factor in making your siding upgrade look its best.

And while you’re at it, why not complement upgraded siding with upgraded windows? Low-energy vinyl window replacements provide a pretty similar return to siding at 74.3 percent and will help make sure that your new siding doesn’t clash with dated windows.

6. Bathroom remodel

A mid-range bathroom remodel (think updated tile, fixtures, toilet, counters, and lighting) will get you a return of 70.1 percent nationally. And like the kitchen, doing more doesn’t equal getting more. An upscale bathroom remodel is only going to get you a 56.2 percent return, and a new bathroom addition just 54.6 percent.

Another of the most value home improvements in terms of bathroom remodels is turning your standard bathroom into a universally accessible one. This includes widening doorways for wheelchairs, putting in a walk-in shower, lowering light switches, and putting support bars near the toilet. While this might not seem like something that would be relevant for most of today’s buyers, it will be very soon. We live in an aging society. By 2050, it’s estimated that the population aged 65 and over will be more than double its population in 2012, growing from 43.1 million to 83.7 million. Small accessibility modifications will have major appeal as homeowners and buyers grow older.

5 Easy Ways to Increase Home Value

Add Some Fresh Paint

Controversial paint schemes can lower the value of your home. Neutral colors often work best. Yellow is common for a good kitchen color. Soothing colors such as light green or khaki can make a good bedroom color. Avoid using red because it can be too stimulating for some people. Other colors to avoid are black and pink. The article The Right Paint Color Can Boost Your Home Value provides more information on the subject.

Tidy Up the Landscaping

A well-presented outside space can increase the value of a property. If you’ve neglected your yard in the years you’ve lived there, it might be worth giving it a makeover. Those who don’t have a green thumb may prefer to hire a gardener to tame it for them. Consider planting some shrubs as well. Depending on your budget, you may be able to add a water feature to your garden to add more value. Even fresh fence panels can make a visual difference.

Renovate Your Bathroom

There are many cheap and easy renovation tricks that can be used to transform your bathroom’s value. This article Bathroom Remodeling: Tips and News offers a few ideas. Simply concealing pipes with boxing could improve the look of your bathroom. Gadgetry is also becoming more sought after. Consider installing power showers and multi-flush toilets.

Convert, Don’t Extend

Extensions are always costly and lengthy projects. In some cases, converting an already existing space such as an attic or a garage into a liveable room is the better option. It could be just as effective at increasing home value at a fraction of the price. For an attic to be classed as a liveable space, a staircase will need to be built leading to it. This is because a fire escape is a matter of health and safety, and a ladder is not considered safe enough in an emergency. It could prove an obstacle in some cases. Similarly, not all attic spaces are high enough to be legally classed as liveable space. This could involve the costly process of raising the roof. Make sure that you insulate these rooms (if there isn’t a window, adding one could increase the home value).

Eco-vate

Eco-vating is a method of renovating a property with eco-friendly features. This can often increase value because it leads to lower utility bills. Therefore, it makes the property more appealing to buyers. Insulation is a popular way of eco-vating. This could involve adding in cavity wall insulation, adding in double glazed windows, insulating the loft, or insulating the boiler. Another method is to install solar panels on the roof. If you install enough panels, the property owner may never have to pay an electricity bill again. You can even add water-saving features such as a greywater recycling system.

8 Affordable Ways To Boost A Home’s Curb Appeal

Your home’s curb appeal could be make or break for the amount of showings you have. In the same way curb appeal can attract potential buyers through your door, a less than spectacular home front can also be a detractor. From upgrading landscaping to refreshing paint, consider these eight affordable ways to boost your home’s curb appeal and entice buyers to add your home to their “must see” list:

1. Update Outdoor Lighting

An easy way to instantly add interest and depth to an outdoor space is to replace dated lighting fixtures with new ones. There are many lighting options on the market in a wide range of colors and styles. Most choices are quite affordable and you will be amazed at what a few dollars can do in upgrading the overall look of your outdoor space.

2. Keep It Mowed

A freshly mowed lawn is essential to boosting your curb appeal when trying to sell your home. Mowing your lawn on a weekly or 10 day basis will allow it to grow enough between mows so that you don’t damage the grass. Make sure to also allow time for edging and clear away any clippings before your house is shown to potential buyers. Keeping your lawn in top condition is always a good idea to boost curb appeal.

3. Fix The Small Things

Do a thorough look through your front porch to find any small issues that have gone unnoticed for years. Fix small things like a slit in the window screen, tightening the mailbox, or replacing a burned out lightbulb. Attending to these small things can add up when it comes to receiving an offer for your home.

4. Add Some Flowers

Pick up a few beautiful sets of flowers from the garden center and plant them in a pot next to the front door. Colorful flowers will add instant beauty to the space and welcome guests into your home. Consider adding a few different colors to help create an interesting and inviting atmosphere.

5. Trim Up Shrubs

Get out your shears and trim up bushes and plants that have overgrown their spaces. All you need is a little bit of elbow grease to freshen up your landscaping. Trim bushes into eye pleasing shapes with rounded edges and give every plant in your garden enough room to shine while still being a part of the overall landscaping picture.

6. Touch Up Paint

You most likely have a can of leftover paint in the garage or basement. Use this to touch up areas of your house that could use a fresh coat of paint. Consider items like the mailbox, house numbers, or plant pots that have seen a few years since their last painting. If your front door needs some help consider painting it to add a fresh look to your home.

7. Power Wash It

You will be amazed by the amount of dirt a good power washing can lift from your home. Renting a power washer for a day is also a good and affordable way to add curb appeal to your home. Another affordable option is to consider borrowing one from a friend to save on expenses. Pay close attention to the outside of your home as well as gutters, patios, walkways, and patio furniture.

8. Add Some Mulch

Picking up a few bags of mulch at a garden center is a great way to add instant curb appeal to your landscaping. Mulch not only looks great but it also provides essential help to plants by helping to retain water as well as keeping weeds at bay. Simply add a few inches of mulch around trees and garden beds to instantly raise the overall look of your home.

There are many ways that you can instantly increase your home’s curb appeal without breaking the bank. Consider ways that you can help your home for little to no cost. Doing any of the above tips things can help boost your home’s resale value.

So, you collect rents, send out the handyman, and show houses. Is that really all you do?

When people think of property management, they often think of paying the bills, collecting the rent, putting out fires, etc. Unfortunately, that doesn’t come close to representing what a good management company does for its clients or how a management company can add value to them.

It’s hard to come up with a title that adequately portrays real estate professionals who monitor, protect, and enhance your asset while systematically handling all the daily financial and operational tasks, utilizing years of experience and resources to maximize the profitability of the asset. Those professionals work to prolong the life of your asset so it can perform at the highest level for the longest time possible and in a way that makes the income you receive as passive as possible. Maybe Asset Maximizing Management is a better term.

Understand the Market

Unfortunately, the commercial real estate market is not as transparent and accessible as the residential market or the stock market. Whether it’s retail, office, industrial or multi-family, each sector of the commercial real estate world has its own nuances and challenges.

Depending on supply and demand, the values of these niches can and do fluctuate with the strength of the economy, the creation of a new business or the exit of old. Seasonality, historical patterns and the ability to strike while the iron is hot are all things that must be kept at the forefront when managing an asset. If a manager isn’t keenly aware of the overall and niche markets, that equals lost opportunity for the client.

Negotiating leases and contracts

The longer I’ve worked in the professional real estate world the more I am amazed you are not required to have a law degree to get your real estate license. Have you ever read a commercial lease? Did you feel like you needed a translator to tell you what you were reading? Do you understand the difference between a Triple Net, Gross or Modified Gross lease? Better question, were you able to continuously read and understand what you were reading for more than 15 minutes without having to take a nap?

Reading, understanding, and negotiating all the legal documents that come across our desks are intricate parts of management, for which there is no manual. The education comes through practice and the people I work with have been doing it long enough to where they find reading legal documents somewhat leisurely. It’s imperative that you have a management company that understands and is comfortable negotiating these agreements on your behalf.

Legal Matters

One of the best ways to succeed in commercial real estate investing is to avoid the courtroom. This sounds simpler than it is. With so many people these days looking to get something for nothing, litigation is rampant. You need a management company that understands how to stay out of the courtroom and has proven the ability to do just that.

Resource Utilization

If you had a hot water heater blow up in your attic and water was pouring from your ceiling like a mini Niagara Falls, how quickly could you get a quality maintenance technician to the site? When every passing minute is another five gallons of water pouring onto a carpet and soaking the foundation, drywall, and studs of your building, could you do it in less than an hour? How about less than 10 minutes? Unfortunately, these types of things happen frequently. It’s important to know that your management company can quickly address the various situations that present themselves and can do so in a way that saves you money.

5 Tips for Purchasing a Home in a Seller’s Market

Purchasing a home in a seller’s market doesn’t have to be challenging. Some preparation and a strategy may give you an advantage over other potential buyers and increase your chances of having your offer accepted by a seller.

1. Get lender preapproval or prequalification. Determine your loan options and obtain a pre-approval letter from a lender prior to beginning the home search. Some homes are going under contract within days, if not hours, so being able to move quickly with financing is often a plus. The letter gives you an idea of how much home you can afford – so you can easily eliminate homes not in your price range – and lets sellers know you have been vetted financially. Remember, being pre-approved does not guarantee a mortgage – be prepared to shop around with different lenders or work with a mortgage broker.

2. Be available to close as quickly as the seller requires. A seller wanting to close within 30 days may not be interested in an offer from a buyer who also has a home to sell prior to closing on a new one.

3. Offer more earnest money. Earnest money, typically 1% to 5% of a purchase price that eventually goes towards a down payment, is held in escrow until a sale closes. By offering more earnest money, you’re letting the seller know that you’re a committed buyer.

4. Make your best offer. In a seller’s market, you probably won’t be able to present an offer that’s below the asking price. If you love the property, present the seller with your best offer price.

5. Include an escalation clause. If you want your offer to compete with multiple offers, consider having your real estate agent include an escalation clause. The clause details how much you’re willing to pay over competing offers. Including an escalation clause in your offer is another way to show a seller that you’re a serious buyer.

Property Managers Save You Money

Being a landlord is a big job. You usually don’t know all there is behind the job until you have started doing the job. Late night calls, money management, repairs, and showings are just a few of the many things that you will have to manage. All the time you spend working on those things is money.

Not to mention, if you make the wrong move, you could hurt your investment. Potentially even make your investment go under.

Instead of taking the whole load on yourself, you could hire a property manager. Property managers save you money and make your life easier. How exactly does hiring someone save you money?

Quicker Filling Of Empty Units

One of the biggest money pits is having an empty unit. If you have a busy schedule and cannot show a unit, you are losing out on a lot of money. Property managers ensure that units get filled and are able to do so very quickly. They don’t just show the unit but they manage the advertising and listings across the internet.

With all of their connections, property managers can also help tenants from other buildings find a lease on your properties if it meets what they are looking for. One of the ways that property managers save you money is by the beneficial relationship you establish.

Better Screen Processes

No matter how good you are with people, you probably don’t have access to the same screening resources as property manages. If you wanted to, you’d have to pay an arm and a leg. Instead, property managers have subscriptions that cover all of their properties.

Not just that, the better tenants that they are able to find are less likely to not pay. Ensuring that you don’t have a vacancy.

Talking about pay, the property managers tend to have better rent collection procedures and policies. Whether it is using a collection company, having multiple methods of payment, and similar methods they help to ensure you get paid.

Reduced Fees

Having a lot of properties that need to be managed means that you can often get reduced fees. Your repairmen and attorneys aren’t the only ones that offer bulk discounts. Property managers will often offer you reduced fees for multiple properties. You are giving them a large amount of business after all.

Less Legal Problems

Without an experienced property manager behind the wheel, you are bound to run into legal problems. Even if it is just to evict tenants. A property manager takes care of as many of the legal problems as possible before they arise. They do this by knowing all of the ins and outs of property law and renters law.

Property managers also have in-house counsel and partners that they can recommend in order to save you money. This can be a big cost saver. Legal fees have broken investment companies before.

For smaller issues such as evictions, the property manager can take of. Evictions can be a long and complicated process but the experience that property managers bring to the table can make that easier.

Preventing Repairs

Property managers are on your investment properties more often than you are in most cases. Not everything they do is directly related to the tenants. A good portion of their job is spent scheduling repairs and working with vendors to ensure your property is running smoothly.

They also work to prevent the need for repairs. They do this by scheduling regular service that different parts of the property might need. Regular inspections are part of their jobs. During these inspections they can notice potential problems with properties before they escalate.

Maintenance is typically a lot more affordable than repairs or replacements.

Your Time

Your time is money. It isn’t just a saying. All of the time you spend doing property management could be spent reinvesting your money, working another job, or being with your family.  A property manager takes on most of the property tasks for you.

Property management is a big industry. An industry that is incredibly helpful to landlords and investors. The amount of work that you put into your investment can be better spent elsewhere. So can the money that goes behind that time.

Why property managers and realtors make the best partners

For ages realtors have done most of their job by themselves, this leads to stress and a loss of income. You don’t have to go alone. Working with a property manager is a big step for a realtor but also one of the most beneficial.

Realtors and property managers can develop a lucrative partnership with the benefits we will go over below.

Taking Care Of The Administrative Business

One of the biggest jobs of a property management company is to take care of all of the administrative work. From working on paperwork to handling legal issues with properties. Part of their job is to know all of the ins and outs that you would have to spend time researching. Tax law and property law are just a couple of the special parts of property management that they spend time learning.

All of this takes time out of your day, time that you could be doing other parts of your job. Time is money after all.

Less Travel

Real estate agents already spend a lot of time traveling, don’t you wish you could spend a little less time behind the wheel? With a property management company, they will handle most of the on-site needs for your properties. An especially big benefit if you don’t live near your rental properties. Not just time saved, but money saved.

The reduced wear and tear on your vehicle will also thank you.

No More Time Spent On Maintenance

Whether you perform your own maintenance on your listings or you have to spend time arranging someone to do the job for you, that won’t happen once you have a property management company. These companies take all of the maintenance off your hands, that is one of their biggest benefits.

The maintenance that they can handle is also improvement maintenance. You can have them help you with investment properties to get them ready to sell.

Tenant Issues

Whether tenants have questions or they are late on payments, your property management company will be able to handle the job for you. Less time on the phone, and less risk when trying to get people off your property. Calls after normal business hours will screw up your schedule, and trying to handle last minute emergencies can be difficult. Property managers will even handle this for you.

Sometimes units go unfilled when a real estate agent has too many jobs to focus on. They lose the ability to spend time searching for new tenants. A property management company takes on the responsibility of finding tenants and screening them. Often times, they have an even better screening service than you do. This allows them to find better tenants, ones less like to cause issues.

More Time Spent On Selling

All of the aspects that your property management company will give you time to spend on properties that are ready to sell. More time for marketing, showing, finding potential sellers, and more. With more time spent on selling, you will be able to increase your income and take on more sales.

Referrals

Both property managers and real estate agents are able to send each other referrals. Real estate agents who want to help their colleagues enjoy the same benefits will make referrals back to property managers. In reverse, property managers can refer people who end up looking to buy property to the real estate agents. You will find yourself in a mutually beneficial relationship, one that earns you money.

When you start working with a property manager, discuss how you can benefit each other. A simple discussion can lead you to finding even more ways that you can benefit. You also want to make the property manager aware that you will be sending them referrals, that will let them know you are interested in working with each other.

For real estate agents, you will notice that you get a lot of help with investment properties. More of your time will be spent on making money and less time working on administrative tasks. In return, property managers will get more business and referrals. Working together is a great way for both businesses to succeed.

The value of property managers

“So, you collect rents, send out the handyman, and show houses. Is that really all you do?”

When people think of property management, they often think of paying the bills, collecting the rent, putting out fires, etc. Unfortunately, that doesn’t come close to representing what a good management company does for its clients or how a management company can add value for them.

It’s hard to come up with a title that adequately portrays real estate professionals who monitor, protect, and enhance your asset while systematically handling all the daily financial and operational tasks, utilizing years of experience and resources to maximize the profitability of the asset. Those professionals work to prolong the life of your asset so it can perform at the highest level for the longest time possible and in a way that makes the income you receive as passive as possible. Maybe Asset Maximizing Management is a better term.

  1. Understand the Market

Unfortunately, the commercial real estate market is not as transparent and accessible as the residential market or the stock market. Whether it’s retail, office, industrial or multi-family, each sector of the commercial real estate world has its own nuances and challenges.

Depending on supply and demand, the values of these niches can and do fluctuate with the strength of the economy, creation of new business or the exit of old. Seasonality, historical patterns and the ability to strike while the iron is hot are all things that must be kept at the forefront when managing an asset. If a manager isn’t keenly aware of the overall and niche markets, that equals lost opportunity for the client.

  1. Negotiating leases and contracts

The longer I’ve worked in the professional real estate world the more I am amazed you are not required to have a law degree to get your real estate license. Have you ever read a commercial lease? Did you feel like you needed a translator to tell you what you were reading? Do you understand the difference between a Triple Net, Gross or Modified Gross lease? Better question, were you able to continuously read and understand what you were reading for more than 15 minutes without having to take a nap?

Reading, understanding, and negotiating all the legal documents that come across our desks are intricate parts of management, for which there is no manual. The education comes through practice and the people I work with have been doing it long enough to where they find reading legal documents somewhat leisurely. It’s imperative that you have a management company that understands and is comfortable negotiating these agreements on your behalf.

  1. Legal Matters

One of the best ways to succeed in commercial real estate investing is to avoid the courtroom. This sounds simpler than it is. With so many people these days looking to get something for nothing, litigation is rampant. You need a management company that understands how to stay out of the courtroom and has proven the ability to do just that.

  1. Resource Utilization

If you had a hot water heater blow up in your attic and water was pouring from your ceiling like a mini Niagara Falls, how quickly could you get a quality maintenance technician to the site? When every passing minute is another five gallons of water pouring onto a carpet and soaking the foundation, drywall and studs of your building, could you do it in less than an hour? How about less than 10 minutes? Unfortunately, these types of things happen frequently. It’s important to know that your management company can quickly address the various situations that present themselves and can do so in a way that saves you money.

What are the Best Types of Property Insurance for Landlords?

Investment in property is usually a hefty undertaking but it is surprising how property investors do not usually take interest in property insurance. But this should be a priority for any landlord since partial or total damage to property can and does happen. Landlords are also at risk of litigation from different parties. Insurance is very crucial in safeguarding a huge investment. Different properties have different insurance needs. A landlord should be familiar with the different types of property insurance to make informed decisions.

Liability insurance

This insurance coverage protects you against litigation when events happen on your property e.g. a tenant falling down the stairs. It is very useful for commercial buildings, in which controlling the kind of people and business activities is a bit difficult. This type of insurance is always needed.

Hazard and fire insurance

This protects the property against fire and hazards including combustible materials. This type of insurance is always needed.

Flood insurance

This type of insurance is needed for properties in flood designated areas. It is also recommended if your property is in an area that is not designated a flood zone but experiences occasional storms.

Property owners should be aware that flooding caused by external water e.g. storm, and not internal causes e.g. a burst pipe, is not covered by the usual homeowners’ insurance.

Sewer backup insurance

Many insurance companies offer to bundle on this type of insurance on the fire and hazard insurance cover. But it can be taken as a standalone policy and is needed.

Builder’s risk insurance

This insurance type will be needed when renovating a vacant or near-vacant property.

General contractor insurance

This type of insurance is recommended for property owners with a number of properties. It supports licensing as a General Contractor which enables one to repair and renovate premises independently.

Workers’ compensation insurance

This type of insurance is needed by landlords who manage their properties directly and have to employ people directly e.g. property supervisors, receptionists, cleaners and so on. This insurance covers any risks to these employees while going about their normal duties.

Loss of income insurance

This is recommended for landlords who are worried about low occupancy rates. It is not needed for property investors who are holding onto a property for speculation purposes. Some insurance providers offer to bundle this cover with the fire and hazard insurance for an extra cost.

Having property insurance cannot be ignored by any prudent landlord keen on safeguarding his/her investment. Accidents and disasters are never foreseeable.

 

 

How Property Managers Can Help You Earn More from Your Property

Do you think your properties are not earning you as much as they should? One of the reasons could be that you opted for self-management. Many property owners take this approach hoping to cut costs by cutting out a property manager’s commission, but this is often an ill-fated approach as it is highly likely that your attention is divided and your properties do not receive as much attention as they should. Property managers play a very important role in generating revenue from your properties.

What does a property manager do to improve your property?

  • Ensure that your property is in good shape

Tenants will not be attracted to run down property. A property manager ensures that your property is well-taken care of, with all the facilities running smoothly. If you have several properties, delegating this task is very crucial as a property manager has more manpower and time to oversee routine maintenance.

  • Improve your tenancy rates

A property manager knows that his money comes from rents. That is why he will work harder to ensure that your properties see full tenancy. A property manager can reduce your tenancy turnover (the rate at which tenants leave) by making your property more competitive. As industry experts, property managers know what tenants are looking for in services and facilities to make sure you stay ahead of the competition.

  • Rent collation

Property managers have the personnel required to collect rents including pursuing rent defaulters. As a property owner, you are kind of insulated against the shenanigans that go into collecting rents including petty court cases.

By doing these tasks, a property manager is able to maintain and even improve the revenues generated by your properties. How does this lead to increased rents?

  • Quality tenants

You may not have the time to vet your prospective tenants, but a property manager has the personnel and time to do it. All you need is provide the tenant profile you prefer and the property manager gets you these quality tenants. You can target low-risk tenants with higher income, able to afford your rents.

  • Better rent collection

This is a headache that you will avoid by delegating to a property manager.  The property manager goes a step further to ensure rents come in steadily, to ensure his own paycheck.

  • Better property maintenance

A clean well-kept property with all the facilities in place will always attract tenants. A property manager is able to keep your property in good shape, which attracts more tenants. He also saves you time that would have been spent on these tasks, and as they say, time is money.