As you grow your real estate investment portfolio, there will come a time when you will mull over outsourcing property management. Outsourcing is a serious decision that can impact the success of your properties. It is important to make sure you choose from among the best property management companies in Philadelphia. You will also want to ensure that you get the quality of services you need and excellent returns when paying for outsourced property management.
Is hiring a property management company really worth it? Read on to find out.
The Benefits of Outsourcing Property Management
Understanding the advantages of hiring a property manager in Philadelphia will help you determine whether you should request the services.
Here are a few benefits of working with the best property management companies in Philadelphia.
We Save You Time!
Managing several properties can be a time-consuming undertaking, and some property owners opt to outsource property management because they want their free time back. Hiring professionals to handle the day-to-day management of the property saves you time, allowing you to continue focusing on your full-time job, caring for your family, or working on expanding your investment portfolio.
We Take Excellent Care of Your Properties
Property maintenance can be a full-time job on its own, especially if you own multiple rentals in Philadelphia. Outsourcing this critical service means you have vetted quality contractors handling routine preventive maintenance and repairs. You no longer have to worry about pinching pennies or multiple trips to the hardware store to apply a DIY fix to a broken toilet. Your property manager handles all maintenance tasks!
We Take All Emergency Calls
As a property owner, you must be ready to take renters’ calls and address the issues they raise—day or night. In case of an emergency, renters often call you after hours, especially if the situation compromises the health or safety of the occupants of the building. When you hire a property manager, we handle all late-night and weekend emergency calls!
We Save Property Owners Money
Without the right expertise and experience, property owners can incur numerous avoidable expenses. Even if you're a seasoned investor, it's challenging to keep up with everything there is to know (and apply) to manage profitable rentals in Philadelphia. Property managers know how to handle repairs and maintenance tasks to reduce costs and maximize ROIs. They also help you set the right price for your rental property so you don't leave income on the table.
We Are Your Access to Expertise
Reliable property management companies have well-trained staff who have successfully managed many other properties in the area. Expert property managers also have specialized skills, training, and certifications to deliver the expertise rental owners need for success. Outsourcing these services gives you access to real expertise to manage renters and keep rental properties (and operations) legally compliant. Relying on the valuable experience of property managers also helps to simplify processes and reduce costs.
We Boost Your ROIs
Real estate investors are constantly looking for ways to grow their investments and increase their returns. Although you will pay for the services a property manager provides, you can expect to recoup the cost and realize a better return on your investment. A good property manager delivers expert marketing and quality services that attract higher quality renters, leading to more income, lower costs, and better ROIs.
When It Makes Sense to Outsource
Once you know the benefits of hiring one of the best property management companies in Philadelphia, when does it makes sense to outsource?
It's time to hire a property manager when:
- You have multiple properties. Consider outsourcing property management when you have too many properties to manage alone. Hiring a property manager will also be worthwhile if you do not live near the properties in Philadelphia, and it's time-consuming and challenging to manage them from far away.
- You want to focus on something else. Being a landlord comes with a lot of responsibilities. If you are not passionate about being a landlord (but you love the passive income), a property management company can handle these tasks on your behalf.
Choosing a property manager doesn't have to come with complicated pricing or expenses that don't work within your budget. If the cost of a property manager has kept you from experiencing the benefits we've mentioned, Rentwell has a better way!
Choose Rentwell’s OneRate Property Management in Philadelphia
Rentwell is committed to providing quality property management services at competitive rates. Our OneRate pricing model is an all-inclusive package that covers a variety of services. It's also designed to help rental property avoid unexpected surprises while benefitting from professional services from one of the best property management companies in Philadelphia.
Our flat pricing format gives you more bang for your buck, making it easy for you to plan your business finances and manage ROIs. Rentwell can help you manage different types of properties, no matter how many are in your real estate investment portfolio! When you choose our OneRate pricing option, you can rest easy knowing that we have taken over the hassles of management without overcharging or including a complicated pricing plan.
Check out our free OneRate Calculator to see how Rentwell’s pricing compares to other property management companies!