A good Property Managers will help you….
1). Maintain compliance with fair housing and landlord tenant law –
Oregon Landlord Tenant Laws and Fair Housing Laws are complicated and confusing. Professional property managers stay current with all of the nuances and will help to maintain compliance. Violating Landlord Tenant Law or Fair Housing Law can be very expensive and hiring a quality property manager is cheap insurance to ensure that you don’t run into serious problems.
2). Find the best tenants –
Finding and Screening tenants is just like anything else, it isn’t all that difficult if you practice. The problem that many people run into is that they may only have to find 1 or 2 new tenants each year. If you only do something once or twice a year you will never have enough practice to really get good.
Professional property managers find and screen tenants every day. They have systems in place to quickly and easily run credit checks, background checks, verify employment and income, and check past rental references. While anyone can do all of those things, it takes some practice and a few mistakes before you get it down to a science. Those mistakes are costly and many times can be avoided by having a professional help you.
3). Manage tenants and contractors –
Finding and screening quality tenants, taking phone calls, collecting rent, organizing repairs, and dealing with problems are just a few of the things a good property manager can handle for you to help free up your valuable time and give you peace of mind that your property is being taken care of. One of the top reasons cited by property owners for switching from managing rental properties on their own to having a property manager do it for them is having to deal with tenants. Letting a professional deal with the day to day operations and headaches will free up your time and help to reduce your stress level.