Lower maintenance and repair costs
Good maintenance and repairs keep home owners happy and preserve the value of your home. By hiring a property management company you gain access to both their in-house maintenance staff, as well as their network of licensed, and insured contractors who have already been vetted for good pricing and quality work. This can translate into significant savings compared to hiring a handyman yourself. Not only is the firm able to get volume discounts on the work, they also know the contractors and understand maintenance issues such that they are capable of intelligently supervising the work.
Increase the value of the investment
Preventative maintenance is achieved through putting systems in place that catch and deal with maintenance and repair issues early on, before they grow into larger more costly problems. This requires a written maintenance check program, detailed maintenance documentation and regular maintenance visits. The management firm can also offer you suggestions and feedback on upgrades and modifications, both how they will affect the rent you can charge, as well as their impact on maintenance and insurance.
Personal benefits for owners