Why is Property Management So Expensive?
The big question is "Why is property management so expensive?" “How can I afford it?” We get it. It seems like money can be saved when you take on the responsibilities of DIY management. Every dollar counts in every deal, right?!
So, what do you know about how PropertyCraft's professional property management elevates your real estate game?
#1 - A whopping two-thirds (65%)! of investors prefer to be actively involved in management of their assets* . Does working with a specialist who knows properties, laws, and markets detract from that control? Not at all. Just like using a CPA for your taxes or a CFA for your stock pics, we're professionals at supporting your growth through real estate ownership (I'm a CPM, btw). Elevating your income doesn’t happen on an island. It happens when you surround yourself with growth partners!
Ask yourself: How can outsourcing undesirable work to an expert who loves it 10X my personal growth? How will I use my new free time to build my wealth?
#2 - Here's the Bad News Bomb: DIY actually costs you more. Apartment turnovers take longer, tenant turnover rates are higher, and building conditions often suffer. Why? Because for DIY owners it's personal. It's emotional. Judgement gets clouded when you have to weigh emotion and time commitments against best practices for operating the property. In the long run, it always hurts your bottom line. Trust be told: I’ve been there with my own properties.
Ask yourself: Do you own the property or does the property own you? It’s not just about the time spent on repairs and lease agreements; it’s about the mental energy it demands. Are you managing it as efficiently as possible? Are you staying up to date with the latest law changes?
#3 - How open minded are you to the idea of your property as a hassle-free investment vehicle? Apartment turnovers, rigorous tenant screening, emergency calls when you're about to go on vacation with family, and financial reporting for your partners - these all take time and attention away from your other priorities in life. Time you never get back. Freedom from maintenance/repairs and managing tenant communications are two of the largest benefits owners cite when working with a manager.
Ask yourself: How would I feel being on a beach or driving through the woods as opposed to fixing a toilet? How do I value my time and mental space? How do I value my time for others in my life?
The Great News: PropertyCraft operates your investment the way you want, with your preferred level of involvement —only more efficiently, backed by expertise, industry perspective, and the latest trends. Our resources and vendor network are a mean machine to help you make green!
We love our work. We want you to Love Your Property.
Give us a ring now for a hassle free chat!