Why Should You Use a Property Management Company?

With the price of homes becoming more and more affordable, Brewer Caldwell has seen an increase in

the amount of homes being sold each month. In fact some reports showed an increase in the average

price of homes sold from March to April, which we have not seen in a couple of years now. Granted the

increase has only been in certain areas as others are still decreasing. My point in bringing these

things up is that people have started buying again. Even with all the negativity around the Real

Estate market, home prices make sense right now. The smart ones realize this and are taking advantage

of the down market.

Who are the smart ones buying homes right now? While there are a lot of primary residences being

purchased, the experts are saying that 40%-60% of the homes being purchased are for investment

purposes. This appears to be pretty accurate, as Brewer Caldwell has experienced a high volume

of calls from investors looking to buy homes. Not only are seasoned investors getting back into the

Real Estate market, there are a lot of people looking to buy their first investment home. While

buying an investment home can be a scary thing, the best thing an investor can do is higher a

Property Management Company.

Property Management is where the rubber meets the road with Real Estate investment. Investors should

begin looking for a property management company before they even begin to look at homes. There are a

lot of sales agents out there who will tell you whatever it takes to make a sale. Those sales agents

usually don't have Property Management experience. They may be able to help investors find a great

home, but that home may be in an area that has lower rents or longer vacancy times. An experienced

Property Manager can inform owners of rental markets in each city along with other important details

a new investor may never even think about. While no Property Manager can predict the future, they can

help set the correct expectations that will allow the investor to make the smartest investment.

The search for an investment home can be a fun and exciting time. Closing escrow on the home is

usually when the stress begins. There are a lot of things that come with purchasing a home that most

investors don't think about. Was the property registered as a rental with the county? How long is

this home going to take to rent and how much will it rent for? Should I accept pets? How much

security deposit do I ask for? What if my tenant does not pay? A good Property Manager will know the

answer to all of these questions and even bring up more that need to be considered.

It may sound easy to place a tenant and start collecting rent each month, but there is a lot more

involved with managing an investment home. Also, investors aren't just purchasing in their home

cities. Brewer Caldwell has owners who own investment homes throughout the country. There are tasks

involved in managing a home that can't be done from another state.

The time to buy is now. We may not see prices like these ever again and these prices won't last

forever. However, investing in Real Estate is not easy or cheap. The best thing an investor can do is

seek the guidance of a Property Manager before they begin looking for a home and then let that

Property Manager protect that investment and take the stress out of trying to manage the home

themselves.