Have you been holding off on hiring a property management company because you think you could do a better job? Maybe you thought that property management was too expensive for you to afford for your new property. No matter what your motivation is, there is a prevalent myth that managing your property on your own is a superior choice to hiring professionals. You might unknowingly be costing yourself a lot of time and money by trying to do things all on your own.
Like every myth, this needs to be dismantled so you can finally see the truth and experience the peace of mind that comes with property management. Take a look at a few of these common excuses for the do-it-yourself myth and how expert attention might be able to help.
I can find my own tenants that will be reliable and trustworthy
Some property owners feel that they can accurately judge who is going to pay their bills on time each month with a short interview. Unfortunately, people can pretend to be almost anything for a short period of time. If you are searching for your own tenants, you run the risk of selecting a renter who isn’t qualified to occupy your home because of their credit or their criminal background. Keep in mind that an eviction often averages more than $3,500 in fees.
A professional property management company can help you to select better tenants. We have a proven process that enables us to screen tenants based on their creditworthiness, their references, employment verification, and a criminal background check. Our system is far more reliable than a short interview and a homemade application.
Property management really isn’t that difficult
When you have great tenants and things are going smoothly, property management may not be that challenging for you. Have you thought about what things might be like in the future though? Very few property owners want to collect late rent payments from upset tenants, receive phone calls about repairs in the middle of the night, or do the paperwork for a necessary eviction. A property management company can handle all of these issues efficiently, freeing up your time for more important endeavors.
Doing it yourself is cheaper than property management
In most cases, doing something on your own is less expensive than hiring a professional. Property management could be an exception to that rule. Consider how much time you could save by having someone else handle showing your property, scheduling repairs, and collecting the rent payment. Time is money, after all. They can even help you to save money on repair fees if they have contracts and great working relationships with local contractors.
At Pyramis company, we strive to make our management fees affordable for everyone. The management fee is payable whenever your rent payment comes in, and we automatically deduct it so you don’t have to worry about a thing. The pricing is set on a sliding scale based on the unique needs of your property and how many properties you have with us. We also waive our fee for any month where your property sits empty.
Are you finally convinced that the do-it-yourself myth isn’t the way to go? Pyramis Company prides ourselves on our top-notch rental property management services. We can help you to take care of your property at a fair price!