If you own a property you rent out, there is a long list of things you must take care of. Whether it’s fixing a faucet for a tenant or coordinating showings for prospective tenants, your day can rapidly be eaten up by management tasks that are not the reason why you got into real estate. A property manager can simplify things for you, but many people don’t understand precisely what they do and how they can help.
What Is a Property Manager?
Property managers are people or organizations (a property management company like Clagett Enterprises) that help make it easier to manage your rental property. This can include things like taking care of maintenance work, filing paperwork for you, advertising and marketing, and more. A property manager can do a wide variety of things depending on your needs, so you can get as much or as little help as you need.
What Does a Property Manager Do?
A property manager can take care of a wide variety of tasks, including:
- Tenant Interactions: Your property management company can handle many tenant interactions, including daily interactions, screening tenants, and addressing their issues. A great property manager can help create long-term relationships that increase retention.
- Finances: Taking care of the financial aspects of property management can be overwhelming, especially if you are not experienced. A property manager can handle various financial aspects of your business, including assisting with marketing and ensuring that your rent aligns with the surrounding area.
- Protect Property Value: A property manager can help ensure your property value stays as high as possible. Maintenance is vital to ensure that minor problems don’t become more significant issues in the future.
When you work with a property manager, you can focus more on other things you need to get done, as your days will not be eaten up by tasks that aren’t the best use of your time.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook, Twitter, and Pinterest.