If you own several properties, trying to maintain them all can start to be problematic, especially if you have other things to do or you don't live near the properties. You do have other choices that can help you with your properties. One of them is to use a property management service. When you hire a property manager, they take the weight of your properties off your shoulders and handle everything for you. 

Rental Comparison

When you are renting houses or apartments, you want to make sure that your rent is comparable to other similarly sized properties. If it is too low, it cuts into your profit margin. If it is too high, no one is going to want to rent your properties and you are stuck with empty properties that you have to pay to maintain. One thing a property manager will do is compare your properties with other properties in the area. They will do the best they can to compare properties that are as similar to yours as possible. Getting an average rent for several competing properties will help you to set a price that is competitive. 

Coordinate Safety Inspections

In many cities and towns, your properties need to be inspected by the fire marshal or fire department on a yearly basis. They check for smoke alarms and to make sure that fire exits aren't being blocked, as well as to make sure that other fire regulations are being met. Trying to schedule the appointments for a time that works for the residents as well as the fire personnel can take a lot of work.

If you aren't in the area or you have another job, you may not be able to adjust your schedule if something comes up. However, your property manager is on the scene and can make sure that they are right there whenever the inspection can be handled. If they are there for the inspection, the property manager can also take notes on any safety violations and start the process of fixing them immediately. 

Dealing with a lot of properties can take up a lot of precious time. It's much easier if you can hire someone to do the work for you. Property management services, like those offered by Arbors Management & Realty, can do everything you need, including collecting rent, evicting people, and finding new tenants. You only have to deal with your property manager instead of every single tenant.