Residential Property Management, Is It For You & Your Rentals?


House In Hands

If you are planning on listing your property for rent, you may be curious whether or not using a property management company is a valuable investment. Below, we’ve outlined some of the advantages you receive when you hire a property management company for your rentals.

Less Landlord Work Means Less Landlord Stress

The roles of a property management company are simple – collect the rent, and keep the tenants and landlord happy. Although the role description is simple, the actual job is a bit more difficult. There’s a lot that goes into managing money and keeping people satisfied.

Do you enjoy receiving middle of the night phone calls waking you and your family to the report of a leaky faucet? I can’t imagine you do. When you hire a property management company, you are also employing their network of 24-hour professional and insured maintenance staff. Therefore, no waking you or the kids at all hours of the night. Certified and qualified staff also means less cost for you, because the job will be fixed the first time. Additionally, with preventative maintenance that typically comes with professionals, you are increasing the value of your property, therefore your investment.

Eviction NoticeManaging cash flow, chasing down late payers, and evicting when necessary can be stressful. That’s why it makes sense to hire an agency that does all that for you! Less time being the bad guy means you have more time for friends and family.

Without question, landlords prefer tenants that pay on time, take care of the property, and rent longer. So how can you be sure these are the type of people renting from you? Easy – they are the ones more likely to successfully pass the tenant screening process typically conducted by a property management agency.

Still not convinced? Think about the work that simply goes into the marketing of an available property. Backed by experience and expertise, a property management company knows how to write and where to advertise for your property, allowing a better chance it will be seen.

Rent It Today Partners With Bear Paw Stanbro Property Management In Colorado

Bear Paw Stanbro Property ManagementIf you are a landlord in the Evergreen, Colorado area looking for a property management service provider, look no further than Bear Paw Stanbro Property Management, Inc. A full service residential property managing company, let Bear Paw take the middle of the night leaky faucet phone calls and make sure you get your payments on time. With over 20 years of satisfied customers, you are sure to receive exceptional management services from the staff at Bear Paw Stanbro. Receive more information by visiting their website.

Colorado Homes For Rent

On the flipside, if you are a renter looking for a home to rent in or around Evergreen, Colorado, look no further than Bear Paw Stanbro Property Management, Inc. Located directly in Evergreen, these folks know the area, as well as how to take care of their customers. They will set you up with the perfect place to make your home.

With Bear Paw, you can expect to find variety when locating your cabin rental or home for rent. Alongside number of bedrooms and bathrooms, you can choose from features and amenities including proximity to other properties, jetted tubs, fireplaces, style and types of kitchen appliances, allowance of pets, off street parking, finished basement, and much more. You can review detailed descriptions of available properties from Bear Paw by visiting their rental store on Rent It Today.

23 comments
quintrent13
quintrent13

This is something that every property owner that rents out their property should know about. Knowing if property management services is right for someone's rentals is very important to know. That way you can make sure that you are getting the right help with your property.

tedsmith575
tedsmith575

I really like how if I have a business come and provide property maintenance, it provides less work and stress on my part as the landlord. I own a few properties that have a little bit of property that includes a lawn. It can be hard to make sure the residents do their part to keep their properties clean. Maybe I will try to find a property maintenance business to do it for me and them so I don't have to deal with it. 

Pyrrho
Pyrrho

Tiana, I agree that a management company can be really beneficial. As an owner, you don't have to worry about some of the more menial tasks and responsibilities. Managing cash flow, chasing down late payers, and evicting when necessary can also all be stressful. A management company removes all that stress, and allows you to do other things with your time. 

Gary Puntman
Gary Puntman

I'll have to look into this more and see if it is right for me.  I'm thinking about renting out my home for a bit.  I need to do correct property management. 

lillysedrick
lillysedrick

Managing money when it comes to property management definitely seems really hard. I can't even imagine what it would be like to have to deal with things like money management. I have never been great with finances so something like this would be really hard for me to do. However, this would definitely be a great learning experience.


James Lisbon
James Lisbon

Tiana, I liked the part that talked about less landlord work, less landlord stress.   That would seem to be true, especially in larger properties I would think.   The last thing someone would probably want is to have a property with inefficient management tied to it. 

geraldvonberger
geraldvonberger

I like your perspectives on rental property management. It's definitely not for the faint of heart. It seems like you would be much better off getting a quality manager or management company to take care of the properties you own. It is an additional cost, but from what you said, it sounds like it's worth it.

EmilySmith3
EmilySmith3

Tiana, this was an interesting article about property management. I have been considering going into this field. It is difficult for me to figure out if this is the right move for me. After reading about how helpful and beneficial it is for people I think I am going to go for it!

MikeReynolds13
MikeReynolds13

Tiana, I agree that a management company can be really beneficial. As an owner, you don't have to worry about some of the more menial tasks and responsibilities. Managing cash flow, chasing down late payers, and evicting when necessary can also all be stressful. A management company removes all that stress, and allows you to do other things with your time. 

CaseyJones1
CaseyJones1

I like the points you made about property management.  You are right that being a landlord can be stressful.  Maybe I will look into hiring a property manager to try and make my job easier. Then I could purchase more properties.


BenniGholami
BenniGholami

I totally agree! It's really quite difficult to hire good property managers to look after houses and villas these days! Especially for my clients who normally don't stay where their property is, it's important for us to find someone that speaks their language too so they can communicate along the way if there are any issues.


JohnnyShi1
JohnnyShi1

I like what you mentioned about how because property management comes with preventative maintenance it increases the value of the property. To me that makes a lot of sense. As a renter I would pay extra for that kind of professional security. Thanks for sharing. 

garybirtles14
garybirtles14

A good property management company does a lot for a whole apartment community. I like how this article talked about a screening process for tenants. That is so important to me as a renter. I want to know that my community is safe.

avalaurie86
avalaurie86

I really like this strategy for property management. I own property that is rented and it can be a hard thing to deal with because you never know when you will get the call about a problem like the article explained. The fact that some are there to take the call really just makes me a happy property owner.

KentClark1
KentClark1

I really like the bit in this article about how less landlord work means less stress. My mother is a landlord out in Arkansas. She seems to be so busy all of the time. It can be tough working and being a landlord. It is like having two full time jobs.

sfreddson2156
sfreddson2156

You're right: getting into property management can be stressful. I think it's good to be involved in the nitty gritty at first so that you know what you're asking your property manager to do when you hire one, but it's definitely not a long term solution for everyone. It can be taxing and frustrating for a lot of people. Thanks for sharing these suggestions with us! 

James Lisbon
James Lisbon

Hiring someone to manage a property is probably something that would depend on the situation.  I liked the part of the article that mentioned that there is possibly less stress if a landlord can pass off the landlord duties.  Thankfully there are services out there that can help with management should help be necessary. 

JamesSimon1
JamesSimon1

Property management is a pretty good thing to go into. It can be a stressful job, though. You need to make sure your contracts are all in place and obeyed. It can take a lot of work, but it's a good job generally.

/ 

JordanJohnson2
JordanJohnson2

My landlord used to do work with myself and the other tenants directly. Unfortunately, he would occasionally misplace our work orders and forget about special arrangements with us regarding our rent. He has been hinting at going with a property management company in order to make it easier on both us and him. 

James Lisbon
James Lisbon

I liked when you mentioned that investing in a property management company can be a good investment depending on the circumstances.  It would seem like having someone who knows how to manage properties manage your property could relieve pressure and stress on the owner.  However, it is probably something that needs to be researched before making a decision so you can make a good decision for your needs. 

hedleyfulton83
hedleyfulton83

I think that working in property management would be really stressful. There are so many little details that go into it that it can be overwhelming. You would definitely have to go through a lot of training to be able to work in a field like this. Property management is definitely something that I would not be able to do on my own.


KentClark1
KentClark1

I think that it is wise to rent out property if you own a place but don't live there anymore. Otherwise, it is just sitting there. Granted, you should always do your best to sell the home. But, sometimes, renting is your best option.

CaseyJones1
CaseyJones1

I have several investment properties and condos that I run.  It is such a hassle getting my tenants to pay rent and answering their phone calls.  I am thinking about getting a property manager after reading this article.  It would be nice not to have to deal with all that stuff you mentioned.