F.A.Q.
FREQUENTLY ASKED QUESTIONS
Do I Need a Property Management Company?
If you're a first-time investor, you may not realize how time-consuming effectively managing a property can be, you may become overwhelmed in no time at all. If you're a veteran investor, you may think you have the experience to forget this expense and manage things on your own. One thing that most veterans realize is that their time is better spent finding more properties or enjoying their cash flow. Let's be honest, at the end of the day, you did not get into the real estate rental business to become a property manager but to enjoy the cash flow, wealth accumulation, and tax benefits it offers. A property manager can help you take away all the heavy lifting.
How Hard is it Really to Manage Properties?
Think about the long-term commitment required of your property management. It doesn't stop with collecting rent. In fact, the investment can prove a headache when you do not have the patience to deal with it. A property manager can help you deal with and save money when managing maintenance issues that will surface frequently, especially depending on the size of your investment portfolio. Another very important aspect of the job of a property manager is back-end operational systems, bookkeeping, document filing, forms, etc.
Does Location Matter?
You should also consider the geographic location of your investment property compared to where you spend most of your time. Your property manager may be more accessible or have more mobility. Even if you live in the same city, your property manager may be more accessible than your schedule or location allows. Your property may be on the complete opposite side of town than your office or home, requiring a minimum of a 30+ min commute or you may have invested in a property in another city or state. In both of these situations, it is practically impossible to effectively manage the properties in a long-distance capacity. A property manager can be available to the tenant(s) 24/7, and quicker access to resources for emergency maintenance situations.
What Makes Vecno Management Unique?
One of the most important aspects that make our company unique is the fact that we are landlords ourselves. We know the pain of having to have bad tenants, vacancies, high turnovers, frequent or high maintenance costs, tenant disputes, evictions, and all the other cash flow killers out there. We designed our property management services to provide landlords an honest, professional, and landlord bottom-line oriented service. You can rest assured that we would never recommend or do something that we would not do to our own properties.
One Thing to Keep in Mind,
The cost for Property Management is tax-deductible!