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Why hire a Property Management company?
»Properties are leased by comparison shoppers, you may have but one property
to show.
»You may not be aware of the taste and requirements of a prospective tenant nor
have first hand knowledge of competitive values.
»You may not be familiar with writing a contract that is both valid and legal.
»The prospective tenant may be reluctant to discuss his/her financial status
with you, and may feel disinclined to pry.
»You cannot “ follow up “ (i.e. phone back prospective tenants) as this will be
interpreted as your anxiety to rent in a hurry.
»You may make unnecessary outlays to improve your property for tenants; the
leasing consultants’ experience can save you excessive expense.
»Well meaning friends will offer conflicting suggestions; a leasing consultant’s
advice is garnered from years of experience.
»It may be necessary to show your property to 20 or more prospective tenants,
expanding vast amounts of time, money, and effort, to property screen the
prospective tenants.
»You may accept an insecure offer and then spend months in litigation to free
your property in order to put it back on the market again.
»Personality conflicts often arise between tenants and landlords; a leasing
consultant can diplomatically consummate the leasing negotiations.
»Many perspective tenants seek the services of a reputable property management
firm because they realize from past experience, the pitfalls of direct
negotiations.
» The leasing consultant will price the property to lease at a fair market
value, the average owner overprices, but often accepts a price far below the
current market value.
»“For rent by owner" signs or ads invite curiosity seekers; your leasing
consultant will screen and partially pre-qualify prospective tenants.
»You wouldn't hire a physician to handle your financial affairs; why place this
major responsibility with well-meaning friends or relatives.
»A professional property manager will have access to the services of qualified
service people skilled in all areas of maintenance and repairs.
»Private owners may not be familiar with all the rights, permissions,
responsibilities, and obligations available to both landlords and tenants in the
province of Alberta; the professional property manager is fully conversant with
all current legislation governing such matters.
»Your property may well be the largest single investment you will ever make; it
deserves to be handled as such.
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