Property managers are responsible for meeting the needs of property owners and tenants by maximizing the value of the real estate interest that they manage. Property managers typically work with clients who are looking to lease out or rent their residential or commercial properties. These individuals must develop marketing plans, review leases, prepare rental agreements, collect rents, coordinate maintenance services and arrange for repairs as needed.
Property managers should be proficient in all areas of real estate management that will impact their facilities' profitability. This includes understanding zoning laws and tax codes that apply to each site. They must also be able to read financial statements, evaluate market research data, and perform important administrative tasks such as payroll coordination and bookkeeping.
Full- Service Property Management
Shannon Property Management is a full-service company based in Houston. We strive to provide our clients with professional rental property management services that simplify ownership while maximizing financial gain for you as the owner! By partnering up and working together with local property owners we can make sure everything aspect of the rental experience runs smoothly.
As a full-service property management company, we can customize the property management services we provide based on your unique needs as an owner. We use industry-leading marketing tools to get your property seen by the best candidates, utilize the latest technology to make it simple for you to access everything you need through a personalized online portal, and handle all maintenance requests 24/7. We do the hard work so that you don't have to.
Why You Should Use A Full- Service Property Manager
There are many benefits to using a property manager if you plan to rent out your residential or commercial space. At Shannon Property Management, we have a background based in real estate, construction, and business which gives us a unique perspective that allows us to successfully manage and market your rental space. Some of the benefits you will enjoy by using a property manager include:
Thoroughly screen potential candidates
Market your property on top listing services
Collect monthly rent
Handle tenant relations
Maintain your rental property
Take away all the stress of property ownership while helping you to maximize your investment
The Downside Of Self- Managing Your Rental Property
If you plan on renting your property yourself, you will need to be aware of the pros and cons that come along with this decision. When you don't have a professional handle all aspects of rental management for you, some things may fall through the cracks without you noticing. Some downsides of self-managing include:
Overpaying on maintenance repairs instead of utilizing in-house maintenance technicians or cultivated list of vendors
Overpaying on property taxes because you do not properly account for all of your expenses
Getting lower quality tenants by not having access to premier listing services or proper screening software
Having less time available to spend with family and friends because you are taking care of maintenance issues or delinquencies
Having lower rent compared to similar listings in your area due to not having your property professionally marketed
Inability to navigate or lack of knowledge of local laws related to tenant relations
While you may be tempted to manage your property yourself, unless you come from a real estate background and know all the ins and outs of the industry, you may quickly find yourself overwhelmed with everything involved in owning a rental property. At Shannon Property Management, we aim to remove that stress and worry and make everything as easy for you as possible. By working together, you can be sure you are getting the maximum return on your investment. If you are interested in using our services or have any questions, don't hesitate to contact us today!