Maximize Your Profits and Time

Are you managing your own rental? Have you considered hiring a property manager? Calculate the cost of your time with our “ROI” calculator.

Should You DIY or Delegate?

Knowing your monthly cost to manage your property can help you objectively decide if you should continue to manage your property or if it is time to hire a professional property management company.

Here are a few things to consider: 

• By outsourcing management of your property to a professional property manager, you can free up their time for other income-generating activities. This not only makes your property more of a passive source of income, but it also allows you to focus on expanding your real estate portfolio or pursuing other ventures.

• The costs associated with property management are considered operating expenses, and therefore are tax deductible. This can be especially beneficial for property owners who do not have many other expenses.

• Managing a rental property can be stressful, especially when emergencies arise or there are tenant issues. Property managers are equipped to handle these situations efficiently, reducing the burden on property owners. While peace of mind is invaluable, working with professional property managers can ultimately improve ROI by having qualified vendors and emergency plans in place.

• Property managers excel at finding and screening tenants, minimizing vacancies and the associated loss of rental income.

If you are interested in working with a property manager or learning more about what this could mean for you and your property, please contact Charlotte Yow at 910-239-1338.

Disclaimer: This calculator provides an estimate of the ROI of your time for managing your property based on the information you provide. Consult your financial advisor or real estate agent before making investment decisions.