Property Management 101 / Part 1

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What do you think about when you hear the term property manager? A homeowner may think, “I can’t afford to pay someone to manage my property.” On the other hand, a REALTOR® may fear that to introduce a property manager and lease arrangement, a viable listing will be lost.

As a matter of fact, neither fear is warranted. The reality of the situation is that a knowledgeable and competent property manager will save you time, money, frustration, and needless anxiety. Enlisting the help of a property manager is similar to hiring a CPA to file your business taxes and financial statements. While inexpensive software is readily available for this purpose, none of them can guide you fully through all the complexities of the tax code and help you plan for future filing like a skilled CPA can. Helping you navigate the ins and the outs of the ever changing tax code, a good CPA can actually help you make better financial decisions and in the long run, save you money.  

The same is true with a good property manager. Leasing and managing property in Atlanta, Georgia is also a complex activity that requires more skill, knowledge, and time than most people realize. An experienced and reputable property manager will be able to help you navigate the legal agreements, locate and do a thorough review on candidates for lease, and serve as a buffer between leasee and lessor in the matters of rent collection and maintenance needs. The truth is, you can’t afford to not hire a property manager.

With the property properly managed, the homeowners are free to use their energy to pursue their career and enjoy weekends with their families without being on call and can enjoy the financial security of the home being occupied while having the lease payments add to their equity. For the REALTOR® assisting a client with finding a good property manager can save a listing that is in threat of being lost due to time on the market or market conditions that are not favorable to the owner’s financial requirements. In short, the REALTOR® will retain and most often add to their client list as market conditions improve and renters become buyers, while owners become sellers.

In part 2 of Property Management 101, we’ll discuss in greater detail the real benefits of hiring a property manager in Atlanta, GA.  If there are questions that you would like to have answered, we invite you to post them here so that we can make sure we cover them in upcoming posts.

At Slyman Real Estate, we provide the best property management service that can be found in the Atlanta area. We can work with REALTORS® and homeowners alike to ease the work involved in renting and managing properties. Feel free to give us a call at 770.405.0100 x222 or check out our website at www.paigeslyman.com.