Why You Should Hire a Property Manager
While we are known for real estate, Team Andy Gibson also offers property management services at the Lake of the Ozarks. Andy began his real estate career as a long-term leasing manager in 2010. Andy’s extensive experience as a property manager at the Lake of the Ozarks makes him the logical choice when choosing a property manager to care for your investment property. Here are just some of the ways hiring Team Andy Gibson can benefit your investment goals.
Marketing Your Property
When you decide to rent out your home or condo, part of the process of finding a tenant is marketing the property. When hiring a property manager to handle this process for you, you can be sure the advertising used will be crafted to draw in interest to reach prospects more quickly. There is also a certain strategy to marketing properties to avoid scams or unwanted visitors from showing up to your property and causing damage. Our experience in knowing how to word advertising and what information to include and omit in the marketing can safeguard your investment.
Setting Rental Rates
While it may seem like an easy enough task, if you're not familiar with what the rental market can bear, you may be setting yourself up for failure. A good property manager will conduct a thorough market analysis to ensure that your rental property is set at a price affordable within the market so it doesn't get passed up or draw in unwanted prospects. This ensures that you will achieve the perfect balance between maximizing monthly income and maintaining a low vacancy rate.
One thing experience has taught us is that finding tenants is easy, but finding the RIGHT tenant takes skill and work. Experienced property managers are experts at finding good tenants, and will take care of all the details, including conducting criminal background and security checks, running credit reports, verifying employment, and collecting previous landlord references. In addition to finding good tenants, Team Andy Gibson will manage all aspects of the tenant-landlord relationship.
If you've ever worked in a billing department, you know that securing payment from clients can be difficult, not to mention awkward. Property management companies have efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments. You'll find this particularly important if you have a limited number of properties, and collecting payments on time is crucial to maintaining your cash flow.
Handling Maintenance Issues
Team Andy Gibson has built relationships over the years with maintenance workers, tradesmen, contractors, suppliers, and vendors that are licensed and insured experts in their field. Not only are we able get you the best work for the best price, we can also oversee any necessary maintenance projects. As your property manager, we handle both routine and emergency maintenance, take care of routine inspections, and manage any situations where conflict resolution is required.
Keeping Things Legal
There are a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property. These include local, state and federal regulations, as well as fair housing regulations (such as the ADA). By hiring an experienced property manager at the Lake of the Ozarks, we can help you avoid lawsuits by keeping your property up-to-date and in compliance with these regulations. We can also make sure that your investment and property is protected by enforcing a lease agreement that protects your interest.
Time-Saving and SimpleFinally, hiring a property manager at the Lake of the Ozarks can mean you can profit from your investment from anywhere in the world. When you have someone like Team Andy Gibson to care for and look after your investment property at the Lake of the Ozarks, you don't have to be concerned with the time-consuming aspect of owning a rental property. We can take care of the day-to-day aspects of managing and maintaining your investment, while you enjoy peace of mind!
If you have a second home at the Lake of the Ozarks or have recently purchased investment property, contact Team Andy Gibson to discuss our property management program. We'd love to help you find the perfect tenant and help you build your investment into a profitable income. Trust the most experienced property manager at the Lake of the Ozarks, Team Andy Gibson, to care for your investment property!
Keller Williams Lake of the Ozarks Realty
858 Hwy 42
Osage Beach, MO 65065