If you are a landlord, do not attempt to handle this side job alone. What seems easy at first can turn into a nightmare a short time later when you try to do things on your own. Being a landlord has an array of rewards, but there are also disadvantages that can make the job seem less than thrilling. Working with a company like Catalyst property management is ideal because it gives you the chance to truly enjoy life as a landlord.
Benefits of working with a property management company are numerous, and begin from the first day that you hire the company. First, you get back your time. It might seem that you don’t have a lot to do as a landlord, but if you own multiple properties, just the opposite is true, and being a landlord can turn into a full-time job. Property management companies resole that woe.
Another benefit is that the property management company finds the tenants for you. if you do not have worthwhile tenants at your property, things such as property damage, evictions, and other headaches may develop. Property management companies reduce the odds of something like this occurring. They also take care of all request for maintenance service, and even answer the calls, too. They provide emergency services as a bonus.
The company collects rent, handles late fees and payments, as well as tenant disputes. The property management company also goes to court when it is necessary. It Is safe to say that a property management company offers an array of beneficial services to you.
Don’t assume the cost of hiring property management is too much. Most companies charge a small commission based upon the monthly rent of the property. It is so much easier when there is a property management company on your side.