Property Manager Responsibilities
Managing more than one property at once is difficult, especially if you are in a short-term business. However, having a longer-term lease contracts with your tenants means having end tenancy cleaning need more rarely and the responsibility level lower. You’ll still need to be there for your tenants, but you can at least have some rest and combine property rental with another job. It also means that your incomes will be lower, but the responsibilities you will have in front of your tenants will also decrease.
You’ll still need to be there for them in case if they need anything. It can be a plumber or electrician and even some furniture advice. They can call you in the middle of the night telling you about water leak in your apartment or surprise you one Sunday afternoon with some new wallpaper in freaky tones. In any case, you’re the first person they will contact. If you don’t want to be this guy, you can always find a property manager to manage your real estate and to deal with all the problems and issues regarding your apartment. In this case you can even go to the short term market and generate more profits, since your responsibilities are even lower, but you need to pay the commission, so some extra money wouldn’t hurt.
Another advantage of cooperating with a property manager is that they also have many partners like post tenancy cleaning companies for example. Those offer better prices due to economies of scale and you can be sure that your apartment is getting the deserved professional treat. Next think about all the advertisement possibilities, connections and networks your property will be involved into once you contact the management company. Having this you won’t have to search for every next customer desperately and will be happily hosting new guests all the time.