Minneapolis Realtor David Abele has extensive experience in helping clients buy and sell properties. With more than 35 years in the industry, David Abele also has experience with property management.
For those looking to turn their property into a rental, hiring a property manager is an investment that cannot only make money for them down the line but also helps them avoid the mishaps that come with being a landlord without adequate experience in real estate.
Property managers are connected to a community of contractors, i.e. plumbers, roofers, and electricians. If the rental needs repairing, the property management company can send a contractor to the rental in a timely manner. Moreover, being able to take care of repairs quickly can prevent other legal issues related to neglect that might arise later.
Property managers can also do a great job of vetting tenants. Not only do they have the tools to screen prospective renters (i.e. background checks), they have the time to call references. Moreover, they know what questions to ask (and which ones to avoid) to prevent legal issues from arising.
Speaking of legal issues, property managers know the laws where renting is concerned. They are well aware of eviction guidelines, of the language that should be used in a rental agreement, and of guidelines related to rent and deposit collection, among other rules. Ultimately, in the case of disputes, property managers have the experience to know how to make changes that are in accordance with the law.
Finally, hiring a property manager increases the chances that the property is rented. Property managers have the tools and the knowledge to properly appraise the property (and the community) to furnish a rental amount that is fair and competitive. Furthermore, property managers know how to list the property on multiple sites and in locations effectively to attract tenants.
David Abele 