Contrary to what you may know about property management, the job isn’t as simple as it may seem. It’s not a case of leaving your tenants or guests to it and enjoying a bit of extra passive income every month (that would be nice!). Read on to understand some of the common misconceptions of managing properties…
It's an easy job...
Many people assume that managing a property is an easy job that doesn’t require much effort. However, managing a property can be a complex and time-consuming task that involves dealing with tenants, maintaining the property, handling repairs, and more.
It's just rent collection!
While collecting rent is an important part of property management, it’s not the only responsibility. Property managers are also responsible for finding and screening tenants, dealing with tenant complaints, maintaining the property, and ensuring that it complies with local laws and regulations.
Big properties only
Property management is not just for large commercial or residential properties. It can also apply to small properties, such as studios and apartments. HeimHost currently manage a variety of properties in Manchester, from studios to 4 bedroom townhouses.
It's a passive income source
While owning a rental property can provide passive income, managing the property is certainly not a passive task. It requires regular attention, communication with tenants, and ongoing maintenance and repairs.
You can do it all by yourself
While some property owners may choose to manage their properties on their own, it’s important to recognize that it can be a full-time job. Hiring a professional property management company can help to ensure that the property is well-managed and that all legal and regulatory requirements are met.
For a percentage of your earnings, HeimHost’s experienced property management team can increase your earnings from your space.
As property owners ourselves, we fully understand how to balance the investment return requirements of the customer with the product and service quality needed to drive revenue. Our multi-award-winning team’s specialist expertise and local knowledge make us stand out from the rest – with a stellar track record of happy landlords, tenants, and satisfied guests to prove it.
