Why Do You Need A Property Manager?
There are numerous reasons people have hired us over the years but the obvious ones are as follows.
Legal Liability. Getting into a situation that requires a lawyer is easy to do if you don’t have the proper knowledge of our laws governing housing in the state of Tennessee. By using a property manager, the liability is on another entity and therefore relieving you of the possibility of a very costly mistake.
Tenant Screening Liability. Renting to your Aunt’s best friend’s kid sounded great until it wasn’t and now Thanksgiving tastes a little different. Screening is one of the most critical steps in the process and a poor decision will most likely be an expensive one.
Maintenance Liability. In most cases, those who use our service are out of state and in some cases out of the country. Googling “water heater repair Clarksville” is a great way to end up with a vendor you have no experience with and the potential to spend too much money. Not to mention, your tenants may be in the cold water club for a few extra days if the vendor isn’t quite up to snuff. In short, we have already identified and utilized all the vendors you can imagine and a handful you never knew you needed.
Compliance Liability. Leases are legal documents and they typically have terms and dates that are critical to the agreement. A misstep on compliance can result in numerous scenarios that might not be in your favor. Say you have a tenant that you would prefer to not renew with but you missed the deadline to let them know the lease would not renew and because of this, the lease auto renews. Keeping up with the dates is critical and tedious.
Accounting Liability. Security deposits, rents, maintenance expenses, OH MY. It’s more than a check book balancing act to keep all the numbers in sync when you are managing a property on your own. With a management service, you leave that to them and the proprietary software (very expensive) that keeps all the ducks in a row and makes tax time a breeze.
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