08 Nov Deciding Between Self-Management and Professional Property Management in Northern Arizona
Welcome to Unlimited RE’s Northern Arizona branch! If you’re reading this, you might be weighing the options between managing your property on your own or hiring a professional property management company. While we at Unlimited RE have a preference, we also prioritize transparency with our clients. Here’s an unbiased look at both options, along with some unique benefits of choosing Unlimited RE for your property management needs.
Managing Your Property in Northern Arizona: The DIY Approach
Opting to self-manage your property comes with its own set of advantages.
Complete Autonomy
For those who enjoy a hands-on approach, self-management allows you to control every aspect of your property. From handling repairs and service to tenant selection and direct communication, you have the absolute say in all decisions.
Cost Efficiency
Eliminating the cost of a property management company can result in significant savings. However, remember that your time and potential vacancy losses, as well as possible legal expenses, could balance out these savings.
Building Personal Relationships
Many landlords appreciate the opportunity to form personal relationships with their tenants. These connections can be rewarding but can also become challenging when dealing with disputes, repairs, or lease negotiations.
Professional Property Management in Northern Arizona: A Smart Choice
Hiring a professional property management company in Flagstaff, Lake Havasu, Sedona, Prescott or surrounding areas of Northern Arizona, brings numerous benefits.
Save Time and Reduce Stress
One of the main advantages is freeing up your time. Real estate investments often aim to provide financial freedom, but managing a property can be time-consuming. A property management company handles everything from maintenance to tenant relations, allowing you to focus on growing your portfolio.
Minimized Vacancies
Experienced property managers excel in tenant retention, which reduces turnover. When a vacancy does occur, they quickly market the property and find new tenants, keeping your property occupied.
Expertise and Legal Knowledge
Property management companies bring extensive experience and stay updated on legal requirements and industry best practices. This ensures your property is managed efficiently and within legal boundaries.
The Unlimited RE Advantage in Northern Arizona
Choosing Unlimited RE for your property management needs in Northern Arizona offers distinct benefits:
No Upfront Fees or Hidden Costs
Our fee structure is straightforward—no upfront charges or markups on maintenance and repairs. We only collect a percentage of the rent, ensuring our interests align with yours.
Responsive Communication
Whether you prefer phone calls, emails, or our online portal, we maintain open lines of communication. We respond promptly to all inquiries and concerns.
Comprehensive Marketing
We maximize your property’s exposure by listing it on various platforms such as Zillow, Trulia, Craigslist, Facebook Marketplace, and Apartments.com. Additionally, we leverage our extensive network across Arizona and use yard signs where appropriate.
Rigorous Tenant Screening
Our screening process includes thorough background checks, credit assessments, employment and income verification, prior residency checks, and eviction history reviews. This ensures your property is rented to reliable tenants.
24/7 Emergency Maintenance
Our maintenance team is available around the clock to address any emergencies, minimizing damage and ensuring quick resolutions.
Detailed Financial Reporting
Each January, we provide a complete profit and loss statement and tax tips, making tax season straightforward. Simply forward the documents to your accountant, and you’re set.
Resident Benefit Package
We offer perks such as rewards for timely payments, enhancing tenant satisfaction and retention. Happy tenants are more likely to renew their leases, reducing vacancies and associated costs.
Online Portals for Owners and Tenants
Our online portals streamline processes for both owners and tenants. Tenants can easily pay rent, request maintenance, and communicate with us, while owners have 24/7 access to financial reports, maintenance receipts, and inspection updates.
Conclusion
While self-managing your property in Northern Arizona has its benefits, the advantages of hiring a professional property management company like Unlimited RE are compelling. Interested in seeing how we can help you maximize your investment? Request a free property analysis today!