Last modified on August 20th, 2013
By Aimee Miller
When determining how to operate your property management business, you have the option to determine if you’d like to maintain staff strictly off-site, or if on-site property management is a better option. If you’re considering on-site property management, there are some ways that you can explain the advantages to property owners.
Interest In The Investment
Both property owners and on-site managers are committed to receiving a good return on their financial investment. An on-site manager is invested in the complex or property as their very position mandates. The owner is almost always looking for a return on their investment. Both parities can work together to make sure this occurs.
Off-site managers do not provide the same level of service as those properties with on-site managers. Having someone on the property makes it easy for residents to get help with an issue and continue to enjoy where they live. On-site property maintenance can be a selling point for prospective residents as well!
Setting Realistic Targets
Owners often have grand ideas about a rental property. An on-site manager has the know-how to determine if these ideas and targets are realistic. Managers can often meet those targets or inform the owner to scale back on their expectations. Off-site managers can accomplish this as well, but being there for the day-to-day operations can provide greater insight.
Selling Residents On The Property
Residents can rest easy knowing that there is a manager on site 24 hours a day. That personal connection can often be the difference in a resident staying in a property for a long time. Owners should see the advantages of having such personal service from a business standpoint. Many residents select properties for their rentals because they have on-site managers. These property managers provide that extra service and security for residents.