Have you been struggling with making the decision to hire a Salinas property management company to professionally manage your portfolio of rental properties for you?
This is a struggle that many owners find themselves in because they’ve been making the mistake of managing their rental properties themselves because they think that nobody can manage their rental properties better than they could.
Although you may like to have control over your rental properties and feel that you can handle everything yourself, the reality is that you’re not earning passive income from your rental properties.
“Passive income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it. The U.S. Internal Revenue Service categorizes income into three broad types, active income, passive income, and portfolio income.” – Wikipedia
In this article, we will provide you with a breakdown of how you will be able to grow your portfolio of rental properties passively when you hire a property manager.
The first way you can expect to grow your portfolio of rentals passively when you hire a property manager is with the level of service that the property manager will perform for you on a monthly basis.
From tenant screening and placement, to rent collection, your property manager will be your best asset because they will handle every aspect of service related to your rental property so you won’t have to do anything yourself.
Has your phone “blown up” when a minor “crisis” occurred at with one of your tenants in the past? If your answer is yes, having to deal with support issues related to your rental property will also become a thing of the past too because your property manager will handle all of those issues first, so that you can “reclaim” your personal life without having to be on call 24 hours per day.
Last of all, but most important, another area where hiring a property manager will help you to build your portfolio of income properties passively is with their maintenance department.
With your property manager will handle all aspects of maintenance for you so you can take yourself completely “out of the picture” when it comes to maintaining your rental property. You can have confidence that everything from routine maintenance to major maintenance issues will be handled for you so you can rest easy and enjoy passive income from your rental properties.
Contact 36 North Property Management
To learn more about how a property manager will help you to grow your portfolio or income properties passively, or to speak with us about our property management services, contact us today by calling (831) 484-4604 or click here to connect with us online.