It seems like just about everyone reaches a stage in their life when they need to be a landlord. From reality TV shows to glamorous tales of how a few stand-out people went from working fulltime to earning hundreds of thousands of dollars off their rental properties, there’s really no wonder why people think being a landlord is so lucrative and fun. After all, at first thought, it looks like owning a whole lot of properties and waiting for the lease checks to come in each month could be so carefree and simple. Not to mention that you could make a lot of money by simply making a bank-run every month.
Of course, in fact, life as a landlord is by no means easy.
Landlords need to manage everything from small hiccups in the plumbing system to electrical problems, house updates, damage caused by tenants, and so much more. In many cases, they also need to provide lawn care for their properties, schedule maintenance check-ins, and cover for all kinds of repairs–most of which is likely caused by tenants who were on their way out. Staying on top of due dates and deadlines is still another problem, and when you begin taking a look at the long list of responsibilities a landlord is expected to handle, it becomes apparent that it might not be such an unbelievable option after all.
But, despite all of the headache, it remains very lucrative. And, if you get in the proper tenants, you can save yourself a lot of trouble. However, even with these things in mind, landlords still must be sure that the lawn is cared for, the home is preserved, that repairs are fixed in a timely fashion, and that all issues tenants bring up are looked after. This means taking a great deal of phone calls, scheduling a lot of handyman visits, and even fronting money for these things out-of-pocket. Normally, the rent checks are sufficient to keep landlords inspired to keep going since this hard-work definitely pays off in the end of the cash, but involving paychecks, it can be tricky to handle everything.
That’s where a property maintenance company often comes into play. Whether you have one house or many, a property maintenance company can help you make sure that everything is taken care of quickly, easily, and with a grin. Instead of you spending countless hours talking to tenants, scheduling repairs, and meeting with the people you hire, a property maintenance company will take over that role and basically deal with all the headache of being a landlord.
Once you give the number to your tenants, they will from then on telephone the company to report any issues with the property. The company will then be responsible for handling all needed maintenance and repairs, and then providing you with a summary of what is going on every week. In other words, their job is to ease your tension and assure you that everything is taken care of.