When it comes to owning rental property, there are many factors to consider. One of the most important decisions you’ll need to make is managing the property yourself or hiring a property manager. While managing the property yourself may seem like a good way to save money, there are several reasons why a property manager will actually help you make more money over time.

4 Reasons To Hire a Reliable Property Manager

When weighing the costs of hiring a property manager against the benefits, it’s important to consider the potential long-term return on investment and not having fees until your property rents. A property manager ensures that your rental property is managed effectively and professionally, leading to higher rental income and a better return on investment. Ferguson Property Management has a deep understanding of the industry and knows how to provide high-quality service.

While managing a rental property on your own may seem like a good way to save money, working with a property manager can help you make more money over time. By providing expertise in the rental market, ensuring proper maintenance and management, streamlining the rental process, and protecting you from legal and financial liability, a property manager is a valuable investment for any rental property owner. 

1. Experience and Expertise

Property managers have experience and expertise in the rental market. They know how to set competitive rental rates to attract tenants while still earning you a profit. They also have access to valuable market data and can provide advice on when to raise or lower rent prices based on market trends. Our team of property managers has extensive knowledge of the local market, and can provide valuable insights into rental rates, market trends, and property values.

Property managers have access to valuable resources to help ensure a thorough and effective tenant screening process. They’ve got the tools and experience to do it right. They’ll pull credit reports, check rental history, and set standards based on price, credit score, and income. By doing this, they can help you find the best tenants and avoid red flags, ultimately saving you money and hassle in the long run.

2. Comprehensive Services

Ferguson Property Management offers a wide range of property management services, including marketing and advertising, tenant screening, lease drafting and enforcement, rent collection, maintenance and repairs, and more. This comprehensive approach means that property owners can rely on Ferguson Property Management to handle all aspects of managing their property, from finding tenants to ensuring that the property is well-maintained. 

Property managers can help ensure that your rental property is well-maintained and in good condition. They can schedule inspections to identify and address maintenance issues before they become major problems. This not only helps preserve the value of your property over time but also ensures that tenants are satisfied and more likely to renew their leases.

3. Tenant Satisfaction

One of the keys to success in property management is tenant satisfaction, and Ferguson Property Management is known for providing exceptional customer service to tenants. This means that tenants are more likely to renew their leases and recommend the property to others, which can lead to lower vacancy rates and higher rental income for you. We’ll negotiate, prepare, and enter into a lease agreement with tenants on your behalf, and complete a comprehensive move-in evaluation. Rigorous background screening means we’ll get you a well-qualified tenant.

A key benefit of working with a property manager is that we can help streamline the rental process, saving you time and hassle. Ferguson handles all aspects of marketing and advertising your property, screening potential tenants, and drafting and enforcing lease agreements. This frees up your time to focus on other investments or personal pursuits while still ensuring that your rental property is being managed professionally and effectively.

4. Transparent and Ethical

When it comes to collecting rent, property managers can also be a valuable asset. We have systems and procedures in place to ensure that rent is collected on time and in full and will handle any disputes or issues that may arise. This helps ensure that you receive consistent and reliable rental income, which can be especially important if you rely on that income to cover expenses or pay off a mortgage. Ferguson Property Management is committed to transparency and ethical business practices. We provide a customer portal so you can check on you property in real time with the rental income, expenses, and maintenance, and operate with integrity and honesty in all the dealings.

Investing In Success With Ferguson PM

Ferguson Property Management is a great investment for property owners who want to maximize their return on investment and minimize their risk. With a long history of success, a comprehensive approach to property management, a commitment to tenant satisfaction, and a focus on technology and innovation, Ferguson Property Management is well-equipped to help property owners achieve their goals. Whether you own a single property or a large portfolio, Ferguson Property Management can provide the expertise and support you need to succeed in the rental market.