Everyone who owns a rental property in Atlanta makes a continuing management decision
concerning how much of the day-to-day operational responsibility to outsource. Some are inclined to tackle the nuts and bolts of tenant management, while others are content to leave it to one of Atlanta’s professional rental property managers.
If the main motive for acquiring the rental property was for its value as a long term real estate investment, there is an increased likelihood that you understand the value in hiring a professional property manager covering Atlanta. Beyond the dollars-and-cents dimension—which can boil down to a calculation on how you value your own time—there can be personal elements behind the decision. Do you enjoy keeping a close watch on all your business dealings? Or is minimizing the hassle factor a higher priority? Those are tradeoffs only you can calculate, or recalculate if your initial decision to self-manage doesn’t work out.
Another factor can come into play—one that’s seldom mentioned or written about. It has to do with another party in the business arrangement that is being created: the tenants.
Setting up the way a rental property is to be managed is similar to creating the operations blueprint for any ongoing business enterprise. Both involve a customer relations element. As the landlord, you are the proprietor and the tenants are the customers. Any landlord that hopes to maximize a return on their investment must understand that taking tenant satisfaction into account will pay dividends in the form of renewals.
The decision on whether to choose an Atlanta professional property manager is not only about a landlord’s willingness to expend the time and effort their personal involvement will require but also should take the tenant’s satisfaction into account. The years of experience that comes with a veteran Atlanta property management firm can tilt the scales in its favor.
Having a proven system for handling trouble calls in a timely manner is one obvious advantage—as is being able to tap the talent of experienced rental managers whose full-time job it is to take the inevitable situations that occur at a rental home in stride.
Locating and helping you acquire choice Atlanta investment properties is one way I help my clients. Another is to provide a solid resource for new owners as they go about organizing their ongoing tenant-handling arrangements.Contact me anytime to discuss finding available investment properties for sale in Atlanta—and the best ways you can make the most of them!