Did you know that individuals own the majority of single-unit properties in the US?
If you’re a landlord looking to find a property management company, you’ll never run out of options to choose from. However, the last thing you want is larger scale, impersonal property management services misguiding tenants or not marketing your property correctly.
The solution is to find local property management. A local property manager isn’t just someone with an investment in your local area, but a key component offering many benefits over larger property management companies who may only be concerned about their bottom line.
Below, we discuss why you should always choose local property management companies.
Whether real estate or property management, one key aspect matters more than any other: experience. Experienced local property management companies know the history of the area they serve. They’ve seen the market trends over the course of years and have intimate knowledge of the inner workings of your neighborhood.
Not only that, but they’ve built rapport with the locals. They have a vast personal network with other professionals. These connections give them a lay of the land that non-local companies won’t ever have.
With this experience, you get a strong idea of where to market, how much to charge for rent, and how to reduce vacancy periods.
Following off the last point, a local property management service has a stake in their community. Their word is their bond, and poor or unethical business choices will cling to their public image. As a result, it’s in their best interest to build a strong reputation and credit with locals.
Local property management companies try to build their community rather than bleed it dry for profit. They’ll help your properties exceed in the particular property climate where you live.
A large property management company is often running hundreds of properties at once. They’re trying to remain efficient and cut down on costs. This results in poor, boilerplate service across the board that is as impersonal as it is low-quality.
A local property manager, on the other hand, can give a personal touch. They can care for individual properties according to their unique needs. Tenants get to work with someone face-to-face, rather than dealing with a basic customer service team and tenant portal.
Tenants have their concerns addressed, and you don’t have to stress that your property will suffer from a lack of maintenance.
Local property management is the wisest solution for maintaining your property. Local companies like Embark850 will personalize your service while making use of a deep local knowledge base. You’ll want companies that make up part of the local culture and hold much concern for the area’s development.
Embark850 is a prime example of a local property management company serving landlords in the Watersound area. Contact us today and have local professionals manage your rental property.