Relax... M and M Group & Property Management will provide you with complete property management services.
Any person who values the success of his real estate investment should know the importance of good property management. The job of property management is a complex one which is not only focused on providing a living space or apartment for a client or tenant. A property manager has to handle all kinds of services for the property owner.
What Does a Property Management Company Do?
M and M Realty Group & Property Management (MMRGPM) deals directly with potential renters and tenants, saving you time and worry over marketing your rentals, collecting rents, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions. MMRGPM brings its know-how and experience to your property, giving you the peace of mind that comes with knowing your investment is in good hands. MMRGPM is an independent contractor, so you avoid the hassles of being an employer.
When Should You Hire a Property Management Company?
Hiring M and M Realty Group & Property Management has many advantages; however, relying on a property management company is not for everyone. Consider the following factors to determine if hiring MMRGPM would be a good decision for your business:
- You are not interested in “hands-on” management. If you envision rental property ownership strictly as an investment and want little or nothing to do with the day-to-day management of your properties, you should consider MMRGPM to help manage your property.
- Your time is limited. Even if you do enjoy “hands-on” management, you may not have much time to devote to your “landlording” business, particularly if this is not your day job. Especially if you prefer to spend your time growing your business, including searching for new properties, arranging financing for renovations, or changing your business structure, MMRGPM may be a good way to free up your time.
- You have multiple properties and/or multiple rental units. You are more likely to benefit from hiring MMRGPM if you own multiple rental properties and/or properties with multiple units.
- You live far from your rental property. Hiring MMRGPM can be invaluable in dealing with the numerous issues that you will not be able to handle from far away.
- You are suddenly inundated with management tasks. If your business is growing, you may find that you need a substantial amount of help to manage everything properly. At that point, it might make sense to hire MMRGPM.
- Your property is part of an affordable housing program. If you participate in an affordable housing program, things may get complicated. Usually, in these programs the landlord receives financial assistance, which may be in the form of a grant, low-interest loan, or tax credits, in return for agreeing to rent at least part of the property to tenants earning below a certain income level. In order to continue receiving the assistance, the landlord must comply with a complicated set of rules. With so much at stake, it's often worth hiring a property management company. MMRGPM has experience with the particular housing program in question.
- You do not want to be an employer. If you hire other employees or a resident manager to help with your property, you become an employer. You will have to handle payroll and deal with a host of other legal requirements and considerations. Because MMRGPM is an independent contractor and not your employee, you avoid the hassles of being an employer.
Part of effective residential property management is ensuring the well-being and satisfaction of tenants, who are the customers that generate your profits. Keeping them happy is an essential task for M and M Realty Group & Property Management, so that these tenants will stay in the property and continue paying their rents, that make up your profits.