5 More Reasons Why You Need to Get a Professional When Leasing Out Your Real Estate Property

Investing in a high-return real estate property is almost always a sure thing. But how do you ensure that you’ll hit the desired amount of time recouping the return of your hard-earned investment? Or ensure that the properties you have invested in does not depreciate or lose real estate value?

In a previous post, we have listed six reasons why tapping the expertise of a property manager is necessary for your real estate investments. We’ve jotted down five more on why hiring a professional is plays a key role in the succeeding the real estate investment business.

1. You need your property ads to stand out from the rest of the Internet.

What are the odds of your condo unit for rent getting the right attention of your intended customers? A property manager will tap various forms of advertising, like Facebook or social media groups, in order to drum up the right interest in your property and get a large pool of customers who are looking for their next home.

Some big-time developers create their own property management firm to satisfy the need of their own clients who have invested more than one real estate property. Because the developers already have an idea of which target market likes to lease particular properties, getting a pool of interested tenants comes easier for them.

2. You want to ensure that your new tenant has been properly screened.

Screening prospective tenants to lease your property out is a stress in itself. This is because you would need to make sure that your new tenant is not out to scam you or misuse your property.

A property manager will do you loads of favor by checking in a prospective tenant’s income capacity, employment, and overall character to determine whether he or she would be a perfect tenant for your property for lease.

3. You need to make sure that your new tenant stays a dream come true.

Even the most nicest people can be a nightmare later on. They may be extra impressive during the interview and screening process, but may have the gall to violate the sacred rules and regulations you have imposed regarding property maintenance.

A property manager makes sure that the new tenant has been oriented well with the house rules. Moreover, the property manager’s duty is to monitor the tenant to make sure the latter is consistently abiding with the rules and regulations you have set on the leased property.

4. You maybe need a pro in collecting and handling rental income.

Rent collection may be as easy as getting paid in cash or bank deposit and issuing a receipt. But it can be a serious endeavor, especially if your tenant does not pay on time or if you do use the rent money for other things other than putting it in your bank account.

A property manager’s role goes beyond acting as a landlord collecting monthly dues. He or she ensures that the deductions on the rental income are justified, and that the excess goes towards a preferred bank account for safekeeping.

5. You don’t want to be frequently bothered with the miniscule, but necessary repairs or improvements your property needs.

Property management is a day-to-day job. This is because as homeowner, you need to do oversee upkeep, groundskeeping, and repairs of your real estate property.

A property manager can easily fulfill these duties. He or she may even be called beyond duty to do some minimum housekeeping if the property is between tenants.

Anchor 100, the Leasing and Asset Management Group of Anchor Land Holdings Incorporated, was formed for the sole purpose of enhancing the value of the real estate properties of their clients that are being leased.

Check out the rest of their high-return properties in Paranaque, San Juan, and Manila here.