Self-Managing From Afar: Why Remote Landlords Need Professional Help
Being a landlord from a distance can be a daunting task. When you live far away from your rental property, it becomes harder to keep an eye on things, respond quickly to maintenance issues, and manage tenant relationships. That’s why many remote landlords find themselves overwhelmed or dealing with unforeseen problems.
Our clients, who lived out of town, found this out the hard way. Managing their rental property from afar left them unable to conduct regular inspections or act swiftly when tenants stopped paying rent. By the time they intervened, the damage had already been done: $10,000 in property repairs, two months of unpaid rent, and a lengthy eviction process.
Why is remote property management so challenging?
Delayed Response Times: When issues arise—whether it’s a repair or a tenant dispute—it can be challenging to respond promptly if you’re not physically present. Being remote also makes it harder to source reliable contractors and ensure the repairs are completed properly. Without timely intervention, maintenance problems can escalate, and tenant issues may spiral out of control.
Missed Inspections: Regular inspections are critical to maintaining your property’s condition. Remote landlords often struggle to perform these on time, allowing small issues to go unnoticed and potentially turn into costly repairs. Professional property management companies typically conduct at least one inspection per year to catch problems early.
Tenant Management: Dealing with tenant complaints, ensuring timely rent payments, and handling lease renewals is much harder when you’re miles away. Tenants may take advantage of the distance, knowing you can’t always check up on them.
The Professional Property Management Advantage:
With a professional property management company, you have boots on the ground. Our team conducts regular inspections, handles maintenance requests promptly with a 24/7 emergency line, and ensures tenants are adhering to the lease terms. We also manage tenant relationships and rent collection, so you don’t have to worry about the day-to-day hassles.
With over four decades of experience, we know exactly how to manage properties for remote landlords. From tenant screening to regular inspections, we’ve perfected the art of protecting your investment, even when you can’t be there yourself.
If you’re a remote landlord, don’t take the risk of self-managing. Let us handle the hard work so you can enjoy peace of mind.
The Hidden Costs of Self-Managing Your Rental Property
This post is part of our three-part series exploring the risks and challenges of self-managing rental properties. In this series, we dive into real-life examples of costly mistakes landlords face and how professional property management can help protect your investment. Be sure to check out the rest of the series:
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About Power Properties Ltd.
Founded in 1980, Power Properties has been providing hassle-free property management services to property owners, property investors and non-residents with homes in Calgary, Alberta for over 40 years. Our full-service property management includes everything from move in to move out, so you don’t have to worry about the day-to-day operations of your rental property. With a team of licensed professionals, years of experience, and award-winning service, you can rest assured that your property is in good hands.
