Self-Manage Your Property or Hire a Property Manager? Which is the Best Option?

Posted by Axford Real Estate and Property Management Group on April 8th, 2021

How you do property management in Maple Ridge depends on your needs and preferences. Managing one property might be easy enough, especially if it’s just residential property. But when you have acquired multiple properties, that’s when the difficulties come in.

You would think that property management in Maple Ridge is all rainbows and butterflies but it’s not the case all the time. You might also come across challenges that will make property management in Maple Ridge quite stressful.

For instance, evicting a tenant can prove to be a challenging task. If you don’t have experience with it, you might be stuck with an unruly tenant until you get up the gumption to evict the tenant. Not all landlords also have the know-how in doing this properly, and if you botch it up, it can turn ugly.

But to ensure that you are weighing down your options carefully, here are some points that you need to keep in mind:

Self-Managing Your Property

Doing property management in Maple Ridge yourself gives you full control over what to do with your property. However, you need to rely on yourself to do everything – from collecting rent to maintaining the property. You also need to handle disputes if there are any.

If you want to manage your own property, make sure you brush up on your people and managerial skills. These are the skills that you need to ensure that you carry out these tasks properly.

You can’t escape the stress of property management in Maple Ridge though and that can take its toll on your mental and physical health.

Hiring a Property Manager

When things are starting to become too much for you to handle and you are no longer enjoying your passive source of income, it’s time to hire a property manager. There are many ways a property management service like Axford Real Estate & Property Management Group can help you with.

First, your property manager can help advertise your rental properties. If you are having a hard time finding tenants, property managers can help out. They can help maximize the income potential of your rental properties and ensure that you don’t get vacancies for long.

Property managers are also experts in handling disputes. They can oversee the collection of rent, handling tenant issues, and dealing with evictions. They know the ins and outs of the laws governing tenant rights, so they can go through the process legally.

Property managers can also oversee the maintenance of the property by getting the help of experienced professionals. That way, you don’t have to do it yourself.

These are the things that you need to weigh down to ensure that you are doing the best when it comes to managing your rental properties.

Jason Harris is the author of this article. For more details about Property Management in Coquitlam please visit our website: axfordpropertymanagement.com