19 Feb When Should You Hire a Property Management Company?
One of the biggest decisions you’ll make as a landlord is whether you should hire a property management company. Let’s review a couple of reasons why you should hire a property management company, a company like Scheer Partners.
Although hiring a property management company has many advantages, using one can be expensive. And, even apart from the cost, relying on a property management company is not for everyone. Consider the following factors to determine if hiring a property management company would be a good decision for your business.
You should consider hiring a property management company if:
You have lots of properties. The more properties you own, the more you’re likely to benefit from a management company.
You don’t live near your properties. If your property is located far from where you live, hiring a property management company can be invaluable in dealing with the many issues that you will not be able to handle from afar.
You’re not interested in hands-on management. Many landlords look forward to the challenge of finding good tenants and the rewards of maintaining a safe and attractive property on their own. But if you view property ownership strictly as an investment and want little or nothing to do with the day-to-day management of your properties, consider hiring help to manage your property.
Your time is limited. Even if you enjoy hands-on management, you may not have much time to devote to your business, especially if landlording isn’t your day job. And if you prefer to spend your time growing your business, including searching for new properties, arranging financing for renovations, or changing your business structure, then a management company may be a good way to spend your money.
You’re suddenly inundated with management tasks. If your business is growing, at some point you may find that you need help to manage everything properly. At that point, it might make sense to hire a management company.
You don’t want to be an employer. If you hire employees to help with your property, you become an employer. You’ll have to handle payroll and deal with a host of other legal requirements and considerations. But, because a property management company isn’t your employee (it’s an independent contractor), and neither are the people who work for the company, by using one you avoid the hassles of being an employer.
Scheer Partners provides high quality, reliable property management, and maintenance services. Our team performs so our clients can achieve ideal results for their assets.
Who We Are
Our team of highly trained and qualified property managers collectively bring over 30 years of property management experience. As owners and managers of commercial real estate, we pride ourselves on our ability to understand an owner’s perspective of asset needs.
What We Believe
Open communication, personal attention to our clients, and unsurpassed service levels are the hallmarks of Scheer Partners’ property management services. Our objective is to enhance the value of our clients’ real estate holdings.
What We Do
We pride ourselves on accountability, attention to detail and the systematic completion of detailed plans. The results are satisfied tenants, high occupancy rates and increased building values. The development of standardized procedures for building operations creates success for our clients within any given facility.
Our Property Management Services Consist of Three Basic Elements:
- Building operations: Systems and energy efficiency, preventative and recurring maintenance, and vendor selection and procurement.
- Owner/tenant relations: Clean, comfortable and safe environments for our tenants, and ongoing, consistent communication between owners and tenants.
- Financial management and record keeping: Budgeting, revenue and expenditures management, reporting and lease administration.