Dearbhla Friel Properties - Blog Two - Thinking about using a Property Management Company? Posted by Gloria Evans in Dearbhla Friel Properties | The best property blog on the property market in Castlebar and Mayo | Dearbhla Friel Properties | Auctioneer and Estate Agent in Castlebar and Mayo.

Dearbhla Friel Properties - Blog Two - Thinking about using a Property Management Company? Posted by Gloria Evans in Dearbhla Friel Properties | The best property blog on the property market in Castlebar and Mayo | Dearbhla Friel Properties | Auctioneer and Estate Agent in Castlebar and Mayo.

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Thinking about using a Property Management Company? Posted by Gloria Evans in Dearbhla Friel Properties. A lot of property owners have found themselves as accidental landlords over the last number of years. They have found themselves renting properties without any knowledge or help. Even Veteran landlords know that it only takes one troublesome tenant to cause significant legal and financial headaches. A good property manager is armed with clear knowledge of the latest landlord-tenant laws and has the required tenant vetting experience to maximise rent potential. Some of the reasons a Property Management is the way to go: Screening tenants is a must. It is certainly possible to get a bad tenant out of your home once they are in, but it’s a real hassle and you are so much better off never accepting them in the first place. We have in place a thorough screening process results in reliable tenants that: • Pay on time • Rent longer • Put less wear and tear on the unit • Generally cause less problems. As an experienced property management company we have seen applications and know how to quickly dig for the real facts about candidates and look at that information for warning signs. This kind of experience takes time but it is invaluable as it means avoiding bad tenants, property destruction and late payment of rent. What we provide: • Inspections: Good maintenance and repairs keep tenants happy and preserve the value of your investment which make them a very important part of land-lording. By hiring a management firm you gain access to their maintenance staff at a low rate. This can be a significant savings compared to going through the yellow pages and hiring a handyman yourself. We can offer discounts on the work through our handymen. • Drawing up leases and terminating leases: Regarding evictions, there are strict laws concerning the eviction process, and doing it wrong, or trying to evict a tenant can be a MAJOR fiasco. A good property management firm knows the law and has a good process for obtaining the best possible outcome given the circumstances. Never having to handle another eviction can be a compelling reason to consider hiring a property management company. • Handling security deposits and Rent collection: Collecting rent on time every month is the only way to maintain consistent cash-flow and your tenants need to understand this is not negotiable. By hiring a property manager, you put a buffer between yourself and the tenant, and allow them to be the bad guy who has to listen to excuses, chase down rent, and when necessary, evict the person living in your property. At Dearbhla Friel Properties we can determine the best rent rate - Too high and you are stuck waiting, to low and you’re losing money every month the tenant is in the unit. Determining the optimal price requires knowledge of the local market, data on recently rental comparables, and access to rental rate tools. These are area that we
are constantly watching and monitoring on behalf of our clients. Personal benefits for Landlords • Less stress - Avoid having to deal with middle of the night ergencies, chasing down rent, evicting people from your property, tenants who wreck your property, bad vendors, piles of paperwork. • More freedom - Live and invest wherever you want with the constraint of needing to be near your properties. Additionally you can live and travel without the requirement of always being available in the event that your tenants have a need you have to tend to. Once you have found a good management company, it doesn’t matter if you live in the same county. Some of our landlords live in other countries and simply collect their cheque every month without ever seeing the property. • Free up more of your time - Time is money, and for many investors, their time can be more profitably spent in areas other than servicing their properties.

Dearbhla Friel Properties also provides a letting service for landlords in County Mayo | Letting Agent in Castlebar and Mayo

Contact us for our free property valuation in Castlebar and Mayo. Contact us today to see how much your property in Castlebar and Mayo is worth | Dearbhla Friel Properties | Auctioneer and Estate Agent in Castlebar and Mayo

Dearbhla Friel Properties is an auctioneer and estate agent based in Thomas Street, Castlebar, County Mayo. We are a registered auctioneer with the Property Services Regulatory Authority (PSRA) in Ireland and our licence number is 001997. Call us on 0949035747 for any queries you may have on selling or letting your property in Castlebar and Mayo. We are auctioneers, Estate Agents and Letting Agents serving Castlebar and County Mayo

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