One of the main benefits to working with a professional property manager in DFW is that you get access to many resources that self-managing landlords cannot access. This is the final part of a three-part blog series that explains what you have to gain by working with a professional management company.
Professional Management Experience
Working with a property management company gives you access to a team of professionals with real world experience. You’ll have experts in leasing, management, maintenance, accounting, and tenant relations working to keep your property occupied and in excellent condition. Your investment will be in experienced, qualified hands.
Your property manager will have a list of screened and proven maintenance contractors to provide high quality, affordable work on your home. When your tenant calls with an emergency in the middle of the night, you don’t want to start looking for the right vendor. A professional manager will have these relationships in place already, and you’ll get a better price on the repairs thanks to the volume of work that your management company provides vendors and contractors. You can also be sure that only licensed and insured professionals are working at your property.
Renter’s Insurance Requirements
Most independent landlords don’t realize how valuable and inexpensive renter’s liability insurance can be. Your property manager will make sure your tenants carry renter’s liability insurance to ensure that your investment is protected if something happens due to the tenant’s negligence.
Systems and Procedures
Documentation is critical to property management, especially when it comes to tenant disputes and security deposit resolutions. Your property management company will have a set of consistent and legal procedures that allow them to document negligence and damage left behind by the tenant. This will be used to hold your tenant accountable and help pay for repairs that are necessary between residents.
Hopefully the three blogs in this series have demonstrated the importance of working with a professional property management company in DFW. If you have any questions or need any help, please contact us at 3G Properties Group.