Renting your home or condo can be a great investment for any homeowner. It can also be a lot to handle. Before renting out, you have to prepare the property, determine what to charge based on the market around you, and market your home – and that’s before you vet applicants (and way before you put on your landlord hat!).
There’s so much to do, and it can be a heavy task to carry. If you’re thinking of renting out your home, here are few reasons why (and when) you should consider hiring a property management company.
A property management company’s job is to know the market. They’re already prepared to advertise and find renters for your home, which saves you both time and money. They work directly with tenants, and are responsible for collecting rent, handling maintenance, dealing with renter complaints, and are also equipped to deal with evictions.
Hiring a property management company is an investment, and it doesn’t come free. The perks of having such a company handle your tenants and rent is that you are relieved of the stress of having to do so yourself. You’re also free to live wherever you want (not being bound by
a close proximity to the property) and it frees up your time considerably.
Reasons for when to hire a management property company (aside from a desire for those why’s mentioned above) include: if you have multiple rental properties to manage, if your availability is limited, and if you can afford the cost.
If you are thinking of renting your home, know that you don’t have to go it alone. There are many reputable Nashville property management companies, and we’re happy to recommend one to you.
Have a question, or need a little guidance? We’re here for you! Give us a call at DeSelms Real Estate 615.550.5565!