When it comes to being a landlord, have you considered the cost and hassle of managing your properties yourself?

Making Repairs
Landlord and tenant laws require that you make serious repairs promptly. If a water heater starts leaking in the middle of the night, attending to the issue can be costly. Make sure you're always saving for the next unexpected, immediate repair.

Searching for new tenants
If one of the properties becomes vacant, you will have to place ads to find a new tenant. The search can be a challenge. Our background and reference checking will help to eliminate any false information the potential tenant may provide regarding employment, residency or otherwise so as to ensure you get the most reliable renters.

Collecting Rent
Are you ready to confront tenants who haven't paid their rent? If you'd rather avoid the conflict of playing bill collector, and making that tough judgement call to begin the eviction process, a property manager can take over those roles for you.

Problem People
You can hope for those tenants who pay the rent, treat the property with respect, and get along with the neighbors. But, if you're going to be a landlord, you will encounter tenants who fight with other tenants, damage your property, don’t pay. If you would rather not deal with these or any of the other issues that may come up, we would be happy to help.

You should hire a property manager if:

You have many rental properties. The more units you have, the more you'll benefit from a property management company.

Business is growing. Too much to handle on your own? Let us help manage everything properly. 

Your time is limited. If you already have a day job, or would just rather focus your time on growing your business, a management company may be a good way to spend your money.

You're not a hands-on manager. If you view rental ownership as an investment and don't want to tend to the everyday management of your properties.

You don't want to be an employer. Because a property management company isn't your employee (it's an independent contractor), by using one you can avoid hassles like payroll.

You can afford it. Hiring a property management company is an attractive option if you can afford the fees. When interviewing companies, expect to hear quotes ranging between 5% and 10% of what you collect in rent revenue. 

You live far from your rental property. Many issues will arise that you will not be able to address from afar.

Rental properties provides great tax benefits. Consult your tax advisor to see if you qualify for these common deductions for your rental property.

1. Interest 
Mortgage interest payments, and interest on credit cards used for rental activity

2. Depreciation 
Deduct a portion of the cost of the property over several years

3. Repairs 
Repainting, plastering, fixing leaks, gutters or floors, and replacing windows

4. Casualty Losses 
Theft, damage or destruction from a fire or flood

5. Insurance 
Deduct premiums you pay for almost any insurance for your rental

6. Home Office 
Applies to space devoted to office work, as well as a workshop or any other home workspace you use for your rental business

7. Employees and Independent Contractors 
Hiring someone to perform services for your rental activity? You can deduct their wages as a rental business expense.

8. Local Travel 
When you drive to your rental building or go to the store to purchase a part for a repair, you can deduct your actual expenses (gasoline, upkeep, repairs), or use the standard mileage rate (check the IRS website for current rates). 

9. Long Distance Travel
Traveling overnight for your rental activity? Deduct your airfare, hotel bills, meals, and other expenses. 

10. Legal and Professional Services
Including attorneys, accountants, and property managers.