Thinking of investing in rental property? Whether you’re a seasoned house hunter or a first-time buyer, the process of purchasing property can have plenty of pitfalls. Before diving in and signing on the “dotted” line, Creekbend Property Management recommends consulting a property management company to provide you an impartial opinion regarding the prospective investment.
Here are a few points to consider why a property management company should be consulted:
- You want to avoid hidden problems down the road; especially if you’re thinking of buying investment property sight unseen and relying solely on the seller’s “pitch.”
- A property may look good on paper because the numbers are real and they add up. But a visit to the physical site may paint a different picture. Property management firms are in the business of making critical decisions on the behalf of their clients by overseeing, improving and preparing properties to maximize rental revenue.
- The property manager‘s job is to be the “eyes and ears” for their client. They will look for issues such as water damage, leaky pipes, signs of a weak foundation, outdated electrical wiring, antiquated heating system, spongy flooring etc…
- A property manager will also research the whether the neighborhood is up and coming or in decline and to advise what the potential rental income would be based on the location by conducting market analysis, comparisons and rent projections
If you’re considering a “flip” or a long term investment opportunity, invest wisely by consulting a reputable property manager to do the leg work for you. Creekbend Property Management represents out of area investors and homeowners, offering stress relief rental management. We provide peace of mind by managing so you don’t have to!
Creekbend Property Management is located in Charleston, SC specializing in rental properties in downtown Charleston, James Island, Isle of Palm, Johns Island, Kiawah, Mt. Pleasant, Summerville, Goose Creek, Moncks Corner, North Charleston, and West Ashley. We are licensed and insured, providing leasing services, management services, maintenance, and most importantly; giving our property investors peace of mind!