Top 5 Reasons for Using a Property Management Company

Top 5 Reasons for Using a Property Management Company

Do you own one or more rental properties and are considering hiring a property management company in Yakima but are not sure if this is the right decision for you to make or not?

You’re not alone.

Although you may be concerned about hiring a property manager we can assure you that this is the best decision for you to make especially for these reasons.

Reason #1 – A Property Management Company Will Save You Time

When you hire a professional property management company you can count on us to immediately save you time because you will no longer have to do all of the normal day-to-day tasks like tenant selection, rent collection, or maintenance that you may be doing yourself.

Reason #2 – Hiring A Property Management Company Will Save You Money

From the moment that you hire a property management company, rest assured that we will save you money each month.

Why?

You won’t have to do things like collect rent from your tenants, perform maintenance on your rental properties, or take calls from your tenants yourself.

You can count on an experienced property manager to perform those tasks for you, so you can focus on doing things that produce revenue and grow your portfolio of rental properties.

Reason #3 – The Best Tenant Sourcing and Screening

Another great reason to hire a property management company is we will provide you with the best tenant screening and sourcing possible so you can rest assured that only the most qualified tenants will be living in your rental properties.

Reason #4 – Avoid “Messy” Legal Problems

There’s no doubt that owning rental properties is an excellent way to build your investment portfolio so you can enjoy regular cash flow each month but legal problems at your rental properties can become messy very quickly.

Thankfully, with a qualified property management company managing your rental properties you can count on every aspect of the law being followed so you won’t encounter any potential legal problems or issues at your rental properties.

Reason #5 – Get the Income Balance Right at Your Rental Properties

Last of all, but most important, another important reason to hire a property manager is we will help you to get the income balance right at your rental properties by making sure that you’re charging the right amount of money that you should be really be charging your tenants each month.

Get Property Management Here

Besides all of the reasons to hire a property management company that we’ve mentioned in this article, you should hire a property manager because you will no longer hear excuses like “the check is in the mail”.

You also won’t have to be the “bad guy” ever again, and you can have confidence that someone is watching out for your rental properties so you don’t have to.

Working with a property management company means that you will have the freedom to invest in other rental markets without having to be tied down managing the rental properties that may be close to where you live.

For professional property management contact Jevons Property Management, today by calling us at (509) 895-7777 or click here to connect with us online.

www.jevonsproperties.com

Should you invest for cash flow or appreciation?

By Enrique Jevons, Real Estate Investor

Following the collapse of the Real Estate market in 2008 many people have invested money in Real Estate especially in Yakima Washington.

Over the years one of the top questions that we’ve had from investors is whether it’s important to invest for cash flow or appreciation?

In this article, we will break down the answer to if you should invest for cash flow or appreciation and what’s the difference between the two.

Investing for Cashflow 

What is cash flow? Cash flow refers to the amount of money that you are able to collect from your rental property each month. How does it work specifically? Your property management company collects the rent (gross income) from your tenant, they deposit it into your account, and you pay your expenses including insurance, mortgage, taxes, management fees, and repairs, then what’s left is your cash flow (net income). Cash flow is ideal because it’s money that you’ve earned from your Real Estate investment each month that you can also use for covering your expenses rather than paying for those expenses yourself out of pocket. The key to success when investing for cash flow is to take the time to calculate in advance what returns you can expect before you invest in a rental property. Another important thing to do when investing for cash flow is to calculate the price to rent ratio because not every area of the United States offers rental properties with good price-to-rent ratios. For example: In Los Angeles, CA many properties have high purchase prices, with lower rents, making them have a bad price to rent ratios for investors.

Investing for Appreciation 

What is appreciation? It’s the increase in the value of the rental property (or asset) over a period of time. Appreciation can occur for a variety of reasons including low mortgage interest rates, demand for Real Estate, or weakening supply. Since the Real Estate market started rebounding in Washington and across the United States it’s almost impossible for most Real Estate investors to have not seen their Real Estate investments appreciate during the last two to four years.

Investing for appreciation can offer excellent returns especially if the property you invested in is located in a state like California where Real Estate has appreciated significantly there in recent years. The key to success with investing for appreciation is all about timing because you have to know specifically where the Real Estate market is or you could face the real possibility of having to hold onto your Real Estate for a lot longer than you expected.

Cash Flow Vs. Appreciation – Which Option Is Better? 

Now that’s we’ve discussed cash flow and appreciation the big question you may have is which option is better for you? The answer to this question is it all depends on your financial goals. Investing for cash flow requires dedication because it may only bring in only a few hundred dollars per rental property each month, but those returns will add up over time while investing for appreciation can reap a big return once the property has appreciated but you have to know where and when to invest for appreciation.

Learn More 

To learn more about if you should invest for cash flow, appreciation, or to speak with us about our property management services, contact us today by calling (509) 895-7777 or connect with us online through our website.

  

Enrique Jevons Speaking Engagement at Fixated Real Estate

A Renovation in Progress

Sometimes an apartment is not always left in great shape when a tenant moves out.  Here is an apartment that is going to be renovated as a result.  I'll update photos weekly of our progress.

Hey There Good Neighbor

Having neighbors can be great or awful.  They can end up being your best friend or your best enemy. Either way it isn’t always easy dealing with problems with your neighbors.

You want to get along, be respectful and respected, but issues can arise.  Your neighbor might sing all night getting ready to be the next great star of America’s Got Talent. Maybe your neighbor thinks she is Martha Stewart and vacuuming at 2am is normal.  

The best way to handle these situations is to get to know your neighbor.

• Be friendly and say “Hi” when you pass by.
• Introduce yourself to new neighbors. Being familiar with them can go a long way in solving problems.
• Write them a note about the issue. If you are upset, wait until you calm down so your note can be clear and concise.
• Ask other neighbors if the issue is bothering them too. They might have talked to the neighbor about the issue already.

How Did Jevons Property Management Get Started

We are remodeling an old farmhouse we own

Working on an extensive remodel of an old farmhouse.  Currently vaulting the ceilings.  It should turn out very nice and be ready to rent in June.

May 5, 2016


May 6, 2016