In 2020, there is no shortage of options. What to order for dinner? What brand of car should you buy? What college should your child attend? There’s such a thing as decision fatigue. Too many options can make us feel overwhelmed and even paralyzed at times. Yikes! Choosing a property management partner shouldn’t be an anxiety-provoking ordeal.
That doesn’t mean the decision is one to take lightly, though. In your search for the right partner to help you manage your community or properties, you’ll come across a myriad of potential management companies. Some may be located just a few miles from you and others could be in a different time zone. What difference does it make, you ask? A lot.
Here are six advantages to engaging a local partner in the context of property management:
Availability
When you’re in a bind, time matters. Prompt service matters. Time is of the essence. A local partner is likely able to be on-site within minutes. Whether you need help with inspections or a leaky faucet fixed, a local management partner is always going to offer more value there. That means you never have to worry about resolving issues by yourself. No one has time for that!
Local expertise
Working with a local community management partner means you have access to a team of professionals. They’re invested in working with a portfolio of clients and catering to their needs. The fact that they’re accustomed to a particular community means they’re better equipped to handle questions about local regulations and ordinances. What’s more, because they likely live in the same region, they can often provide firsthand recommendations for other partners and vendors. It’s not a guessing game as it might be with other firms who don’t necessarily have those connections.
Face-to-face communication
In most circumstances, a phone call or an email can help resolve an issue. However, some matters are best handled in person. Working with an out-of-town company doesn’t afford you that luxury. A local property management partner can add value and peace of mind in this regard. In-person interaction can clear up confusion and strengthen rapport.
Economic impact
When you hire a local firm, those dollars tend to stay local. In a global economy that’s important because you’re helping to ensure that your neighbors stay employed and can support their families. All PMI offices are locally owned and managed. So you benefit from the brand reputation and proven systems of a well-respected corporate entity while enjoying the advantages of working with someone in your community. It’s a win-win! Not all property management firms can claim that distinction.
Community investment
A local property management firm may donate money, volunteer or underwrite events in your community. Again, this is another distinction from an out-of-town vendor. Such support can make your community a better place to live, work and play for everyone, including your residents. A local firm has “skin in the game,” so to speak. A community-minded local partner beats one located in an office far away any day.
Less risk
When you take a chance on an out-of-town company, you’re putting your trust on the line. You may rely on internet reviews and Better Business Bureau ratings to come to your final decision. You could even ask for references when entertaining bids, but this doesn’t come close to asking your local colleagues in the business for recommendations. It all goes back to human nature. People tend to trust their friends’ opinions over traditional advertising. Case and point: Nielsen’s 2015 Global Trust in Advertising report found that friends and family are the most trusted sources of recommendations, with 83 percent of respondents completely or “somewhat” trusting peers’ suggestions.
That trust is especially critical when it comes to making important business decisions. You can’t leave anything to chance when there’s money and reputation on the line. Not all property management companies are the same. You don’t want to get burned by making the wrong choice.
You understand that local is better when it comes to property management. But which one should you hire? Our local offices provide top-of-the-line management services. When clients lack the time or expertise needed for the day-to-day management of their real estate properties and investments, a local expert is there to step in. For these reasons, Property Management Inc. locations are the best.
Position your venture for success by leaning on Property Management Inc.. A professional property management company with years of experience and satisfied clients can save you an enormous amount of time and energy. Instead of having to deal with the tedious or nitty-gritty tasks of rental management, you’re free to focus on the most important aspects of your job. Interested in learning more? Contact us today: https://www.propertymanagementinc.com/
