So you’ve just bought an investment home to rent out in Riviera Nayarit or Puerto Vallarta and you’ve realized just how much work this is going to be when someone suggests you get a property manager! You ask yourself ‘do I really need a property manager?’, you wonder if it’s worth the money.
Well we can give you a few reasons as to why hiring a property manager in Riviera Nayarit could be the best thing for you and your first foray into being a landlord/lady.
Property managers in Riviera Nayarit and Puerto Vallarta can deal with many different kinds of home
From single family houses, to large apartments and even whole apartment complexes, a good property manager can deal with more than one type of property, and more than one at a time.
They know how to deal with tenants
Tenant management is one of the key roles that a property manager will take on. Not only can they help you to fill your properties in Riviera Nayarit and Puerto Vallarta by putting out the right kinds of advertisement, aimed at the right kinds of people, but they can screen candidates too!
An experienced property manager will have dealt with hundreds, maybe thousands, of tenants and will be able to tell which people are the right fit for you and your property.
Property managers in Riviera Nayarit and Puerto Vallarta will deal with complaints both from and about your tenants, initiate evictions when necessary and they’ll deal with the moving out process too. This means that before your tenants leave the property manager will inspect the property for damage and decide how much, if any, of the security deposit will be withheld.
They can also set the length of the lease and put protections in place to make sure that you’re not losing out.
They’ll keep your property in tip-top shape
Preventative maintenance is the key to keeping your property attractive to possible tenants.
Most property managers in Riviera Nayarit and Puerto Vallarta will have a network of contractors that they trust to get the job done quickly and properly. This means that regular maintenance and repairs will all be taken care of.
They can also suggest cosmetic improvements to your property in order to keep it attractive to prospective tenants. They’ll also be able to suggest trustworthy people to do the work, should you take their advice.
This isn’t limited to properties currently in use, either. A property manager can be retained to keep an eye on vacant properties, too. This means completing regular security checks to ensure there have been no break-ins or vandalism.
They’ll keep your property profitable
Property managers know the market in Riviera Nayarit and Puerto Vallarta; they know what properties can expect to take when in certain places and conditions and, as such, they can help you to decide upon an attractive (but profitable) base rent and can advise you on how and when to adjust it.
Better yet they can play the enforcer by collecting rent and enforcing late fees when necessary.
If needs be they can also initiate and see through eviction proceedings.
They can delegate
If you start to take on other staff, such as a concierge, maid, or security guard then your property manager will be able to delegate necessary tasks to these employees. They can even hire, fire, set and raise the salaries of your other employees, what’s more you can consider them a kind of supervisor who will make sure that your other employees are doing their jobs.
So in answer to that question you have in mind, ‘do I need a property manager in Riviera Nayarit and Puerto Vallarta?’, the answer is pretty simple. You don’t need a property manager; you can, after all, do all of these things yourself if you have the time and inclination. What a property manager does is not beyond you, but they have the skills, experience and know how to do it better.
A good property manager will make sure your rental properties tick over nicely and cause you as little stress or strain as is humanly possible.
So, really, the question is not whether or not you need a property manager; it’s why would you not want to hire a property manager? After all they’ll deal with the nitty gritty and leave you free to sort out the important things.