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Property Management Blog

Why You Don’t Want to Self-Manage Rental Property in Fayetteville, AR

Smart Fayetteville investors know that the best way to earn as much money as possible on an investment property is by hiring a professional Fayetteville property management company. Unless you have experience in real estate management, you don’t want to self-manage your property. Today, we’re telling you why.

Time and Effort

Your time is valuable, and you probably enjoy spending it on work, family, and other passions and hobbies. A Fayetteville rental property needs to be treated like a business. It required time, focus, and a lot of management experience. Professional managers have the tools and resources necessary to screen tenants, collect rent, coordinate maintenance, and conduct inspections. With a professional manager on your side, you don’t have to worry about phone calls in the middle of the night or tenant disputes. You get to enjoy the income of an investment home without dealing with the headaches.

Liability and Lawsuits

Unless you have experience in the law or in real estate management, you probably aren’t familiar with all the state, federal, and local laws and regulations pertaining to rental homes. Your property manager keeps up with these things and can ensure your property is always in compliance. Legal and HOA violations can be expensive, and you don’t want to find yourself violating a law just because you didn’t know you were supposed to do something.

Collecting Rent and Avoiding Damage

Your property manager will collect rent on time and develop a professional relationship with your Fayetteville tenants. You won’t have to chase down late rent payments, remind tenants to pay, or collect past due balances. There will also be less risk of a tenant damaging your home. Property managers document the condition of the home before a tenant moves in and documents its condition again when a tenant moves out. Any damage will be charged to the tenant. We can also handle evictions and any noncompliance issues when it comes to your lease.

Hiring a professional property management company actually saves Fayetteville landlords money. You won’t lose money on long vacancies, bad tenants, or legal complications. If you have any questions about how we can help, please contact us at Allred Properties.