Today we are talking about what professional management service actually costs a rental property owner. What you really have to consider is how much your time is worth. If you work full time, it can cost you a lot to have to spend time worrying about what’s going on at your rental home; it can take a toll. Whether you own one property or 20, you need to ask yourself if you can handle management responsibilities in addition to your own job, spending time with your family and hanging out with your friends doing what you love to do in your spare time.
Our clients live in the state and some of them even live right next door to their rental property, but they know it is worth the small amount of money to hire a property management company and have the home professionally cared for. Tenants will often call in the middle of the night and when those phone calls come in late or early, it’s usually because there’s a problem, so the tenants are usually upset. So when you’re thinking about the cost of a property manager, think about whether you want to struggle to find a plumber at 2:00 in the morning when your tenant calls irate about a leaking water heater.
It really makes sense to have a property management company available to handle angry tenants in general. If you have a 20 unit building, chances are good that you’ll have tenants upset with next door neighbors for one reason or another. So the questions is, do you want to spend your time mediating those disputes or is it worth spending a few hundred dollars a month to have a qualified expert take care of these problems and issues?
At Mavi Unlimited, our fees are reasonable. They start at 10 percent of the monthly rent and we work from there, depending on the size of your investment portfolio. If you have any questions or you’d like to hear more about what professional management can do for you, please contact us at Mavi Unlimited, and we’d be happy to help.