There is a lot of confusion about when is the best time to hand over your investment and hire a property management company. So when should I hire a property manager? You could argue back and forth about doing it yourself (DIY) or hiring a credible management company to take your headaches away. After all it could avoid costly mistakes depending on your level of expertise and the type of project it is. With any DIY project there is always a learning curve that you don’t expect to run into. We all think that things are easier in the beginning of a project since after all “It can’t be that hard”. After the project is finished sometimes we look back and think maybe if I had hired a professional to do this I could have saved money in the long run.
Once you decide to use a professional take Dave Ramsey’s advice and seek out the true professionals. Not all management companies are created equal and each of them have their own business model they follow. Most of them have the same level of software, advertising products and features to make them and their properties stand out. The question is how do they handle the details of your property and what exactly do you and your tenants get for the price you pay? Put yourself in a tenants shoes and look at the different companies through the eyes of the consumer. Would you want to use this company for your housing needs? How can I be sure I am renting a home from a company that will take care of it while I am living there? There are a lot of window dressing out there for companies to mask what they can really do for you. Make sure you take the time to look behind the curtains and see what makes each of them tick! Here is some great info from Dave Ramsey about property management! Just because you are a big name in property management doesn’t mean you are the best. Like Dave Ramsey says, “There are great management companies out there you just have to search them out.” Make sure you search a great company out, and make sure you stop and search Quartermaster Properties because “We Are Exactly What You Need!”