ProSpeak

The Benefits of Hiring a Property Manager
6/5/2017
Tami Dennon, Broker
ProSpeak

The rental property market in Fort Wayne is soaring. Local and out-of-town investors alike are seeking out rental properties here because of the low-cost and high return on investment. Buyers like these typically own multiple properties, resulting in a need for someone else to run the day-to-day basics and details—enter the property manager.

A property manager is someone who is hired to manage and run most aspects of the landlord’s rental property. Property managers almost always have a background in real estate, making them knowledgeable about all of the real estate codes, inspection laws and rental programs. These individuals are experienced in dealing with all details of renting, including lockouts, evictions, running background checks on tenants and property maintenance. A property manager effectively runs the rental property for the owner and takes away those small but essential specifics.

A successful property manager will be organized, knowledgeable about the local real estate market and able to stay up-to-date on ever-changing real estate laws and codes. It’s essential for all parties to be on the same page in managing a rental property, so a good property manager will maintain regular contact with the owner, especially if that owner is out of state and needs to be kept apprised of the status of each property. Property managers should also be detail-oriented and keep a successful staff surrounding them. An effective team of qualified individuals will ensure each property is managed smoothly and covers all the important details for the owner.

Mike Thomas Associates, DBD Homes LLC

Phone: (260) 423-1414

Website: mydbdhome.com

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