You finally found the perfect investment property and you own it.
Now it’s time to put your investment to work for you.
There are some questions that you need to answer in order to figure it out if you really need to hire a property manager.
How many units do you own?
How much expertise do you have managing properties?
Can you afford to hire a property manager?
Do you have the time to manage your property?
Are you willing to give up control?
What is your tolerance for dealing with tenants?
If you have a number of units that you can manage by yourself, you have the time and energy to manage your properties, you live at a reasonable distance from each of your properties and you have a tolerant character to deal with the demands of your tenants, you can do it yourself, it is not a difficult job, on the contrary, it can be a fun.
If on the other hand, you have many units, no property management experience, you work full time, you live far away, in another city, in another state or in another country. You do not have much tolerance and patience to deal with the demands of your tenants and are willing to give up control of your units so that someone with experience takes the management of your properties, then yes, you need to hire a person or company to manage your investments.However, there is a cost involved that you should consider as an expense.
At Congrains Group we’ll be happy to help you with the whole process, from contacting a lawyer specialized in real estate, who will give you the legal framework to protect your investment. We will focus on the search of the property that suits your needs and we will guide you through the entire process from the beginning to successfully complete the operation.