Why Hire A Property Management Company in Annapolis

According to Entreprenuer.com one of the best ways to diversify your monthly income is through an investment property. That is because real estate investments can provide you with long-term financial security, and a steady stream of income on a monthly basis. The question is if you can afford a property management company should you hire one? At Innovative Properties, a property management company in Anne Arundel County, we get asked that question a lot. This is why have come up with a list of reasons why you should hire a property management company in Annapolis, MD to help you manage your investment. Before we dive in though we must first answer the question, what is a property manager?

What is a Property Manager

It’s pretty self-explanatory, but the role of a property manager is to manage your property properly. But in order to do that effectively, you have to look at the day-to-day activities of a property manager. A good property manager will do the following on a consistent basis for you:

• Set the rent for your rental property
• Collect rent from tenants
• Adjust rents according to competition and market value
• Advertise the property to qualified tenants 
• Screen tenants
• Handle the leasing process
• Handle complaints and emergencies
• Deal with move-ins and move-outs
• Handle evictions (if necessary)
• Schedule maintenance and repairs for the property
• Deal with finance and budget aspects
• Keep things organized and running smoothly 

As you can see that is a lot to deal with. If you own an investment property and are managing this yourself, your side hustle can easily become a second full-time job. That is why the key benefit to hiring a property manager is that they will ensure your investment is being taken care of properly. So here are the 6 reasons why should hire a property manager in Annapolis, MD. 

5 Reasons To Hire A Property Manager in Annapolis, MD

1. You have too many properties to manage alone: Some landlords can handle one property by themselves, but when that workload doubles or triples it can get overwhelming pretty quickly. If you have multiple properties you will want to consider gaining the assistance of an expert or professional property management. They will be able to provide you with peace of mind knowing that your properties and tenants are in good hands.

2. You live far away from your properties: If you live far away from your properties you may want to find a property management company that specializes in your area and has easy access to your locations. This will come in handy when dealing with maintenance issues or emergency services. 

3. You are not familiar with the business: There is a lot that goes into managing a rental property successfully. If you do not have the resources or knowledge of property management, then you may be getting in over your head. By hiring a property manager who can help you handle all aspects of the job such as marketing, screening tenants, and collecting rent you are avoiding a lot of unnecessary headaches. 

4. You are simply too busy: Life moves pretty quickly and can be hectic. If you have another job, managing your properties can become overwhelming. Help to lessen your stress and worries by hiring a property management company.

5. You are struggling to find the right tenants: Whether it is because your marketing is not right, or you find people who don’t respect your wishes, finding the right tenants can be tough. By partnering with an experienced property management company you can save yourself a lot of time and money by investing in their screening process. They will be able to find qualified tenants who are responsible, and will help to protect your investment. 

About Innovative Properties

Innovative Properties is a property management company in Anne Arundel County focused on helping residential, commercial, & HOA property clients. With over 30 years of experience in property management and leasing, we can help you rent, sell, or buy your next property in Anne Arundel County.