Despite common misconception, you aren’t paying property managers to collect those rent checks and fix broken microwaves… the value of their service is in risk mitigation, and that should also be your highest priority when it comes to renting out your property. This is surprising to a lot of newly coined landlords… how about rent revenues? Isn’t the money I make the primary reason I decided to rent? Truthfully, reducing your liability is the best way to maximize your revenue because when it comes to landlord-tenant relationships, poorly-handled legislative conflicts and property damages are the biggest expenses and can easily drive property owners into bankruptcy.
Property managers reduce the liability for owners by functioning on highly efficient systems. These systems keep the property managers efficient, informed, and ready for emergencies, so that you’re protected.
From Happy Inspector