Real estate investment is one of the best methods of making money, but first, property management fallacies must be dispelled.
Vacancies and tenant complaints can make property management seem overwhelming for homeowners. A good property manager from Matt Kuras Team may reduce stress and make a significant impact. If we dispel the myths surrounding vancouver property management, you may make educated decisions regarding your property.
Property management is expensive
Many property owners think property management is expensive. Indeed, it frequently entails employing workers, covering maintenance and repair costs, and coping with the sporadic problematic renter. However, this is a prevalent misconception because property management services are relatively inexpensive.
Although an upfront cost is associated with hiring a property management company like Matt Kuras Team, there is a real benefit: you may save money thanks to their services. Property managers may be of great assistance when it comes to tenant screening and finding good ones. You won’t even have to lift a finger when they take care of advertising your rental property.
Furthermore, landlords can save even more money by utilizing property managers, who generally have established contacts with local vendors. These relationships can result in reduced pricing for repairs and upkeep. So, dispel the idea that vancouver property management is prohibitively expensive; not only is it reasonably priced, but it may save you money!
Property managers don’t care about their tenants
It is often believed that property management firms do not value their tenants’ well-being. This is not true!
Property management businesses provide comfortable and safe living conditions to keep tenants happy and allow them to stay. This can only be achieved if property managers promptly address tenant concerns and maintain the property.
Because of this, vancouver property management businesses frequently go out of their way to assist their renters. They go to extraordinary lengths to ensure that their tenants have a pleasant experience, whether it’s by promptly attending to maintenance requests or implementing input into block-wide improvements. Tenants should not be misled into thinking these organizations don’t care about their well-being.
Property managers are lazy and do nothing but collect rent checks
The idea that property managers care solely about their bottom line is a prevalent misconception. Property management businesses are anything from sluggish; while it’s true that they must earn a profit, most managers genuinely care about their client’s success.
Indeed, vancouver property management companies are dedicated organizations that play a crucial role in the lives of both renters and owners.
Property management businesses are responsible for keeping rental properties in good shape. They diligently carry out their duties and go above and beyond to prevent theft, vandalism, and damage to their clients’ properties. Plus, the property management business is usually the first point of contact for owners and tenants when issues arise with the property.
If you own investment property, hiring a property management company is crucial to ensuring the safety and upkeep of your investment. This leaves little space for sloth, but property management firms are integral to the real estate market.
Property management is only for large buildings or complexes
Property management for residential complexes includes a wide range of activities, from routine inspections to more involved tasks, including investment and rental properties. Real estate can be either residential (apartments or single-family houses), commercial (office buildings or retail complexes), or both.
While most people picture huge complexes or buildings when they think about vancouver property management, an expert approach can benefit every type of property.
Hiring a property manager is a great way to benefit from their extensive expertise and experience in keeping properties in good repair and free of hazards for tenants.
I can manage my property on my own, so I don’t need a property manager
Many property owners are wary of hiring a management company because they assume the firm would not seek their interests. This is entirely false. Property management businesses like Matt Kuras Team can help landlords increase their return on investment. Additionally, property managers and landlords are different.
Starting with the basics, a professional property manager will have the workforce and equipment to screen potential tenants, keep critical building records up-to-date, and respond to requests for repairs and upkeep. Landlords might also benefit financially and time-wise from hiring a property manager because of the manager’s extensive knowledge of the rental regulations and legislation in the area. Lastly, vancouver property management companies offer relief by handling the mundane tasks associated with managing a home.
Ultimately, landlords may find that the short-term expenses of working with a property management business are more than offset by the substantial savings they enjoy in the long run.
Conclusion
In addition to managing rental buildings and properties, the Matt Kuras Team offers expert vancouver property management services for fully and partially furnished units. Our staff is well-versed in all aspects of real estate and has been managing properties in Burnaby for over 20 years. As one of Burnaby’s premier property management firms, we offer reliable, high-quality service.