There are several factors that can go into such a decision. Answer these questions to get a better idea of what the best value would be for you and your properties.
- Do you live in the same area where your property is located? While some property owners do live within a reasonable driving distance of their rentals, many do not. When you can’t personally check in on your properties, your renters are often aware of this and may be more likely to cause damage or break certain aspects of the lease, such as sub-leasing the unit or making major modifications. Regular inspections can prevent this, which is a service that Humboldt property management companies like Real Property Management Eureka CA can do.
- Are you familiar with city, state and federal laws regarding housing and renting property? From fire safety codes to city restrictions to business license requirements, there are several aspects to maintaining a property and ensuring it is in compliance to be rented. There are also many rules regarding how a property owner can interact with a renter, and “squatter’s rights” can lead to a sticky situation if handled poorly. If you are worried about making a misstep, let property management specialists handle it on your behalf.
- Are you comfortable handling renters who don’t pay rent on time or that cause other problems? Top property management companies can handle evictions, rent collection, background checks for renters and many other aspects of the owner-renter relationship.
- Do you have the time to handle concerns that arise with Humboldt rentals or the renters in them? While there may be periods where everything goes smoothly with your investment, there will be points when some concern or issue comes up. Often you will be notified by mail if it is a city or legal situation, but it can become time-consuming once a situation gets to that point.
Making sure a company like Real Property Management is watching after your Arcata CA rentals and any other Humboldt County locations can be a valued asset to your investment. With both local knowledge and national experience, we are the premier property management company in Eureka CA. To see how we can protect your investment, call 707-515-7200.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.