I’m constantly hearing that from our clients, prospective clients, and my friends. When I hear it put into those words, should I feel like I don’t do much at all?
Let’s Talk about it. As a property manager, I know what the real value proposition for property management is, as well as the steps to maximizing that value.
Property managers are asset managers
Do property managers really just list, show, and rent homes, collect rents, and send out the property maintenance crew? I don’t think so! We have a fiduciary responsibility to clients with regard to their property. Whether it’s a seasoned real estate investor, or a couple that needs to rent out their home because they had to move and have to wait for a real estate market upswing, we have to be part financial planner, part property improvement specialist, and all heart.
As for the tenant, we must understand their needs: Do they rent because they can’t afford a home? Or maybe they fell victim to the housing bubble and lost their home, and renting is all that’s available to them at this time. Possibly they just like the flexibility of being able to move every few years and have minimal maintenance responsibilities. Whatever it is, we need to ask those important questions so that we can match up tenants and owners that complement each other, all while delivering killer property/asset management services.
We have about 3 months full of Holidays and season changing until this great year is over. Enjoy your life and let us worry about your investments, after all this is our job!!