Today, we’re talking about four reasons that out of area investors need a Vancouver property management company to take care of their asset.
First, it’s hard to know what’s going on with the property when you live out of the area. Most out of state Vancouver investors try to get neighbors to help them by checking on the property, and making sure the tenants are treating it well. When you hire a professional property management firm, you’ll know that we are close to the home and able to check up on the property and the tenants at any time.
Rent can be late, and if you’re a Vancouver landlord living somewhere else, it can be difficult to collect that overdue payment. Tenants won’t answer phones or emails, and it will be hard for you to know if they are even still in the property. Your local property manager can take care of any problems with the tenants and follow up on late payments. If you need to deliver a 3 Day Pay or Vacate Notice, you’ll have a hard time doing that from another state. You’d have to hire someone to serve it. Or, your property manager will be able to do it for you.
By having a property management firm working with you, the day to day operations of the property can be easy. If you’re out of state, it can be a challenge to coordinate maintenance vendors and get them paid. Your property manager will have an efficient system in place and be responsive to any repair or maintenance needs.
Finally, what happens when there’s tenant turnover? If you’re out of state, you’ll have to get someone out to the property to assess what needs to be done, or you’ll have to come yourself. That can be inconvenient. With a professional property manager in the local area, you will have all these things handled for you.
If you have any questions about how to care for your Vancouver rental while you’re living out of the area, please contact us at SunWorld Group Property Management. We’d love to talk about how we can help you.