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Property Management | Landlord Education Blog

Why Is Norfolk Property Management a Smart Investment for Your Rental Home?

Why Is Norfolk Property Management a Smart Investment for Your Rental Home?

Anytime you get involved in a business endeavor, it’s critical to look at ways to work smarter—not harder. You can still have a profitable business and be successful without wearing yourself out and spreading yourself too thin! Resource and task allocation is one of the tops traits that denotes a profitable and skilled landlord.

However, trying to assign tasks to individual professionals can quickly get overwhelming—even for a single property! You need a single professional who can unite your management, maintenance, and paperwork under one roof.

With the help of Norfolk Property Management, you can eliminate the hassles and headaches of your rental property—while still seeing the rewards! What benefits can you expect to gain? Today we're going to dive into why working with Norfolk property management is a smart investment for your rental home!

Save Time and Prioritize

Even if you haven't been a property investment owner for very long, you know that the job doesn’t come without its ups and downs. You’ve probably had your share of tenant emergencies. Whether it’s a broken water pipe or a broken furnace, maintenance and repair calls aren't the only aspects of being a landlord that don't play by your schedule. Whether it's your first month or first year being a landlord, you probably quickly realized that being on call 24/7 wasn't exactly in the job description!

Clock and banknote, Norfolk property management

When you have the best in Norfolk property management on your side, you won’t need to worry about those late-night calls: your property management team is the one on call to handle every maintenance request. Plus, your property management team is an expert when it comes to fielding questions: your property manager is your buffer!

  • Prioritize your life without failing your tenants! You have the experts on duty.
  • With your property management partner, you'll never be called away from family time to fix that leaky shower.
  • If you've been a landlord for very long, you know how hard it is to take a vacation when you're actively managing your properties: sit back and relax! The pros have it covered from here on out.

Reduce Your Stress

You know that running any business can be overwhelming. Being a landlord can be one of the most stressful "full-time jobs" a person can have! Unless you've chosen to rely on a different professional for each task, being a landlord means having to wear multiple hats. From marketing to home inspections and everything in between, you have your hands full when owning a rental home. That vacation time is probably starting to sound pretty good!

Mature Couple Enjoying Sunset on the Beach, Norfolk property management

Beyond the daily work of keeping your property profitable, there's the added stress of trying to navigate landlord-tenant law in Virginia. To protect yourself and your rental home, it's absolutely vital that you understand the legalese behind local and state legislation. This is one aspect where Norfolk property management really shines: they know the law—and how to guide you through it.

Gain Professional Help 

Although you are certainly capable of being a landlord "island," should you have to be? When you have the help of expert Norfolk property management, you gain the skills of a professional who can unite all the work associated with managing your rental home in one convenient package. Rather than trying to personally find and vet the talent you need to keep your investment profitable, you suddenly have access to:

  • Legal experts
  • Heating and cooling professionals
  • Marketing specialists
  • Financial accounting experts
  • Customer service masters.

Talk about time savings! It can turn into a costly nightmare of trial-and-error when trying to find professionals on your own you haven't worked with before. The last thing you need to worry about with a two a.m. maintenance call is whether or not your chosen professional is cleared to enter your property if children are at home! With property management, you never have to worry.

Financial Savings 

No matter what type of business you have, you want to make a profit. Trimming costs where you can is always a priority for business owners. Of course, cutting corners doesn’t always work—and worse yet, you may end up spending more!

When it comes to hiring a property manager in Norfolk, you might be surprised to know that it will actually save you money! How so? The small expense of a property manager is balanced by the incredible value you receive from letting them manage your investment.

We've already covered how you won’t have to sub-contract several different professionals to get the same work done. However, we still haven't covered all the additional ways in which property management works to increase your peace of mind!

  • Routine inspections keep your property operating efficiently and profitably.
  • The excellent customer care that tenants receive will encourage them to stay longer, which keeps your property occupied—and productive!
  • When you do have an empty property, you can count on top-quality property management to find tenants quickly through excellent marketing and thorough screening.
  • Once a new resident is found, your property management professional helps prep your rental home in Norfolk with a detailed Make-Ready Process!

The benefits of having a Norfolk management company handle your rental home are many! If you're curious about how easy rental income can be as a landlord with property management, you can even get a taste of the good life—for FREE! Start by downloading our Make-Ready Checklist to get an idea of what our Professional Landlords look for when prepping your property for its newest resident!