10 Reasons to Hire Blue Ribbon Properties as your Property Manager

If you’ve been self managing your property for any length of time, you know that managing a rental can be financially rewarding. At the same time, you’ve also likely discovered that property management requires a large commitment of time and effort.

While sometimes it may make sense to take the do-it-yourself approach, for example  if you’re a handy person, live close to your property, and don’t mind devoting many hours per month to the task, in many cases it just isn’t practical—especially if you hope to expand your investment business. Why not hire a professional property manger, like Blue Ribbon Properties. Here are 10 quick reasons why it makes sense to hire Blue Ribbon:

1. Getting the rental rate right: While looking through the classifieds to see what other landlords are charging for similar properties is an easy way to ballpark your rent price, a good property management company will provide a thorough market study in order to get the perfect rental price for your property, thereby assuring that you achieve the perfect balance between maximizing income and maintaining a low vacancy rate (also called yield management).

2. Collecting and depositing monthly rent payments in a timely fashion: If you’ve ever had to collect payments you will know that securing timely payment from clients can often be difficult if not awkward. Blue Ribbon Properties has efficient systems in place to ensure timely and efficient rent collection. When you own a limited number of properties on time payments can be crucial to maintain sufficient cash flow.

3. Marketing and advertising your rental property: Through significant experience, at Blue Ribbon we know exactly where to market your property and how to craft compelling advertising materials creating a serious advantage when it comes to filling your properties quickly and avoiding long vacancies.

4. Finding the right tenants: Experienced property managers such as Blue Ribbon Properties are experts at finding good tenants, and will take care of all the details, including a detailed rental application, calling references, credit checks and verifying employment

5. Managing tenants: In addition to finding good tenants it is essential to manage all aspect of the tenant-landlord relationship. With our full service property management offerings we guarantee to handle both routine and emergency maintenance, take care of routine inspections, and manage any situations where conflict resolution is required.

6. Managing vendor relationships: Blue Ribbon Properties has relationships with maintenance workers, tradesmen, contractors, suppliers, and vendors that it’s almost impossible for an independent landlord to duplicate. Not only will we get you the best work for the best price in the least amount of time, we’ll oversee any necessary maintenance projects.

7. Ensuring that you’re in compliance with housing laws and regulations: There are many applicable laws and regulations to abide by when renting and maintaining your rental property. These include local, state and federal regulations, as well as fair housing regulations (such as the ADA). A property manager can help you avoid lawsuits by keeping your property in compliance with all relevant laws and regulations.

8. Enabling you to invest in geographically distant properties: If you manage your own properties, you’re pretty much limited to investment opportunities within a tight radius of your own home. By hiring a property manager, you can take advantage of investment deals in any location you wish.

9. Maintaining your sanity and maximizing the use of your time: By having a property manager take care of the day-to-day aspects of running your income property, you are free to spend your time on more important things, like buying more investment properties – also called “opportunity cost”.

10. Maximizing Cash Flow and Profitability: At Blue Ribbon Properties we will help you maximize your cash flow by keeping the property leased up with solvent tenants. We know the Durango and Bayfield area, we know the rental market, and we know what to do to improve your cash flow. When you allow us to put our knowledge and experience in property management to work for you, we can minimize your expenses while maximizing rents making your investment profitable and hassle-free.

What are you waiting for? Call us right now – Blue Ribbon Properties, 970 247 8388 or email info@blueribbondurango.com. Superior Property Management for the Four Corners Area, including Bayfield, Colorado, Durango, Farmington, New Mexico and Aztec, NM. We can also help you buy and sell your investment properties.