Almost every landlord you talk to will understand the traditional benefits of using a Phoenix property management company, such as better quality tenants, fewer legal problems, help with evictions and terminating leases, and all the other help they provide. While those are all excellent benefits, some people just want to know what the personal advantages are of such companies. What do these companies do for you?
If you’re new to the game, you may not understand that owning rental properties is a stressful situation. You are in control of everything, yes, but you also have to deal with every problem imaginable (and some that aren’t even fathomable). For example, what happens when the furnace breaks down in the middle of the coldest night of the year? What happens when the couple in 4B won’t pay their rent? What happens when your units are trashed or wrecked, and you can’t rent them out again until they’re repaired? A Phoenix property management company can deal with all those problems, so you don’t have to.
What would you do if you had more time? Would you take a vacation or take your spouse on a date? Would you take the kids roller skating or fishing? Most people would love to be doing anything else other than paperwork, cleaning, and everything else that happens with rental properties. Letting someone else handle all the work gives you more time for the things you want to do.
Most landlords can only have properties in their state or city because they must be in close proximity to the building if something goes wrong. However, if you hire someone else to do the job for you, you have more freedom of where you invest and when.