Why you should consider a property manager for your rental property investment?
Why you should consider a property manager for your rental property investment?
Rental properties can be an excellent investment opportunity. If you already invested in rental property or you plan to purchase a property and begin your journey as a landlord, AirBNB, or Vacation Rental Owner, you may wonder what comes next. Once your property is ready to go, it's time to figure out all the nuts and bolts of how to manage your property.
There are two main options to consider for managing your rental property — managing your own property vs. hiring a property manager. Choosing one of these options determines how the daily operations of your rental properties are run. What do these daily operations include? Let's take a look at the tasks managing a rental property entails:
- Advertising your property
- Determining rental rates
- Preparing the lease
- Tenant screening
- Collecting rent
- Doing preventative maintenance
- Making repairs as needed
- Fielding complaints
- Moderating issues between tenants
- Checking in with tenants at least once a quarter
- Enforcing the lease
- Evicting a tenant when necessary
- Finding new tenants when vacancies occur
- Turnover cleaning - by Professionals!
With a list that long, deciding who will take care of these responsibilities is an important decision. Self management may save you money, but property management will save you time and effort, ensuring things get taken care of quickly and professionally.
How Do I Choose a Good Property Manager?
If you decide to go with a property manager, then you want to make sure you choose a good one in order to reap all the potential benefits. Not all property management groups are created equal. Here are some questions you'll want to find the answers to before choosing which management group to partner with:
- What fees do they require?
- What is the scope of their experience with property management?
- How do they market properties?
- How quickly do they typically get new renters in a vacant property?
- What is their process for screening potential tenants?
- What process do they have in place for responding to maintenance requests?
- How do they handle late or missing rent payments?
You don't want just anyone managing your properties. Remember that your reputation as a landlord will be tied, at least in part, to the performance of your property manager. You want an experienced company that reflects your own values, a place that will provide pleasant interactions with your tenants and allow you to take more of a hands-off approach with your property.
Partner with Holly Gould of Nova Scotia Vacation Home
As this article states, you don't want just anyone managing your properties. The team led by Holly Gould of Nova Scotia Vacation Home has the integrity and experience to manage all the fine points of vacation property management. Trust Holly and her team for professional cleaning, on-site maintenance, and guest booking, onboarding, and turnover.
Learn more about how we can help you make the most of your rental property investment.

