Property Management Blog

Chesapeake VA Property Management: How to Determine if You Need One

KRS Holdings - Monday, February 29, 2016

There are certain reasons for hiring a property manager for your home rental business. Apart from the obvious reasons of rent collection and tenant screening; here are some more ways to determine if you really need to hire Chesapeake VA property management:   First, you must consider the location of your rental property. Is it far from your residence? Will it be time-consuming and expensive for you to visit it regularly? Can you handle the stress and worry that comes with the thought that strangers may cause damage to your house anytime? Do you know a reliable handyman who can assist you with the maintenance work at an affordable rate?   Apart from these questions, you must also be knowledgeable in bookkeeping; because you need a solid evidence of financial records if you need to file a case against a tenant. In addition, you must be able to assist your tenant in case of emergencies; like fixing a leaking pipe in the middle of the night, or handling a spare key if they lost theirs. Moreover, you must also be ready for confrontations and evictions. You should also be acquainted with the rental laws in order to protect your reputation and investment. If you think you cannot fulfill all these responsibilities, then it's time for you to seek the services of a property management company.