With all that we have going on this week, it’s surprising how every one of us finds time to complete everything on our list.
My sibling has a full time job, she has a partner, and six youngsters at home.
In addition, she also manages 17 rental properties! So, you can only imagine how busy she is with all those variables in her life. It’s no wonder that she has decided to give up the property management business to focus more on her family and her full time work. Well, she isn’t necessarily giving up the business, instead she has decided to no longer manage the property herself. Recently, she hired a property management contractor to take over the responsibility of the several properties, but hiring a property management contractor can be challenging as you will need to make sure that it can represent your business in the best way. However, hiring a contractor to manage your property can remove some of the headaches that come with being a property owner. Choosing a property management contractor isn’t an self-explanatory task because you will need to make sure the contractor has experience in the industry, that they understand the housing laws, they have a superb turn around on resolving troubles, and they can guarantee low leaseholder turnover and undoubtedly little vacancy. Although the property management corp will impact your bottom line, at times it is worth the sacrifice, but especially if hiring the property management contractor will provide you more time with your family and provide you peace of mind. I think our sibling made the best decision for herself.