Being a property owner in Arlington, Va is big business. With renters making up 49 percent of the population, it’s a good chance that a property owner is managing several rental units. According to Best Places, 10.8 percent of rental units are vacant, leaving property owners to scramble to fill the vacancies.
Property owners are often overwhelmed with the tasks that go along with rental property. Making the decision to hire a property management company is a personal choice. There are many reasons a landlord considers a property management company. However, there could be reasons not to. Here are 5 reasons why you don’t need a property management company in Arlington, Va.
#5. You don’t have vacancies – If you’re a lucky landlord who never has vacancies, then you don’t know the headache of filling unoccupied units. The time it takes to interview prospective new tenants, not to mention the loss of rent payments and the associated expenses has many property owners up-in-arms. Finding the perfect tenant isn’t easy and we’re glad you don’t have that worry.
#4. You love resolving tenant complaints – Let’s face it. There’s always a dissatisfied customer in every crowd. If you don’t mind the telephone interruptions at any hour of the day or night from an angry tenant, you don’t need a property management company.
#3. You have time on your hands – If you have plenty of time after collecting and recording rent payments, advertising and showing a vacancy, maintenance and repair tasks, and resolving tenant issues, you don’t need a property management company.
#2. You never have to evict – Property owners never want to evict and you’re lucky that you don’t have to. Even if you come across a situation when eviction is necessary, you know the laws.If this sounds like you, then you don’t need a property management company.
And the #1 Reason why you don’t need a property management company in Arlington, Va
You Don’t Own Property – Obviously if you’re not a rental property owner, you’re not in the need for a property management company. You don’t have the need to collect rent or provide maintenance services. You don’t have any tenants so you don’t worry about complaints. Your life is smooth and easy. Congratulations!
However, since you’re reading this,it can only be assumed that you own rental units. If the above list fits, than you don’t need a property management company. But, if you would like some extra free time, get rid of the headache that comes with vacancies, don’t have time for maintenance and repair, or have no idea how to go about filing an eviction, you may want to reconsider hiring a property management company in Arlington, Va.