The benefits of using a property management company

Do it yourself?

A lot of people choose to manage their investment properties themselves. Especially in this economy, I can understand the idea of saving money by taking care of the maintenance on your rental properties, or managing the rehab on a fix and flip, on your own. But the truth is, the more properties you acquire, or if you invest out-of-state, doing these things yourself will cost you a much more valuable asset; your time. Managing tenant issues, repairs, rent collection, etc., can be very time consuming, and can sometimes require more experienced professionals.

 Hire Property Management?

Finding an experienced property management company or team can be very beneficial, and can free up your time to concentrate on finding more deals, while giving you piece of mind that your properties are being taken care of. You may simply have too many properties to handle all by yourself, or you invest out-of-state and cannot always physically be in town to take care of repairs/maintenance.

Before choosing a property management team, make sure you do your research to find one you can really trust, and who has the experience necessary to handle your properties. Ask others who they have used, check references, and interview the company/team before choosing to work with them. Read Joshua Dorkin's blog post on "Things to Consider when Interviewing Property Management Companies."

Who we use:

Eagle Point Capital mainly invests in Indianapolis, IN, and we've been working with Secure Property Group. Not only do they manage our rentals, they help us manage the construction on our rehab properties. They have been very helpful to our out-of-state clients as well. If you are investing in Indianapolis, I would recommend looking into Secure Property Group. With 10 plus years of experience, they are trustworthy and professional.