Is Hiring a San Mateo Property Manager Worth It?

There are few things you can count on in the San Mateo rental market, but this is one of them:

Professional property management is always worth the money. 

You may want to avoid the property management you’d have to pay when you hire professionals, but you’ll almost always end up paying more when you manage your own property. 

Whether you’re renting out a single home or an entire portfolio of rental homes, you need to understand the value in hiring professional management partners. It’s cost effective and tax deductible. 

Don’t wait until you’re dealing with an eviction or a long vacancy or a tenant who is disputing a security deposit. Have your San Mateo property management experts in place early.

Vacancy Loss: Professional Management vs. Self-Management

Most self-managing landlords lose a lot of money on vacancy. It takes longer to find a good tenant, or they begin to feel desperate so they place any tenant. 

Professional property managers understand the San Mateo rental market, and that helps owners when it comes to pricing, marketing, screening, and the entire leasing process. We find good tenants quickly, reducing your vacancy costs.

We know what competing properties are renting for, and we understand the trends and the tenants in the rental market. With the right rental value, your property will rent faster and to better tenants. Strategic marketing with professional management means well-qualified tenants will see your listing and get in touch to schedule a showing and complete an application.

Professional tenant turnovers and fast preparation of your rental property means it will not remain unoccupied and unrented. Even one week of vacancy costs you money, and if you’re managing on your own, you could face months of vacancy and turnover costs. 

You’ll find that property management is well worth the money when you’re trying to lease your home and you can’t seem to find good tenants who are interested in renting it.

Lower Costs for Rental Property Maintenance

Maintenance costs are rising due to increased demand and higher prices for everything from lumber to labor. If your maintenance costs are high or the condition of your home is deteriorating quickly because of deferred or unreported repairs, you will definitely need some professional help. 

Routine maintenance is an expected cost of owning rental property. But, it’s never fun to pay large invoices to plumbers, HVAC technicians, and roofers. Emergency maintenance is especially expensive, and usually requires you to be available to your tenants around the clock.

Professional property managers keep maintenance costs to a minimum. Most property management companies work with preferred local vendors and contractors who are licensed, insured, and reliable. The relationships we have in place with vendors provide us with discounted pricing, keeping your repair work cost-effective. 

California’s Legal Landscape is Complex

If you’ve ever had a dispute with a tenant and found yourself in court, you know that professional property management is worth the money. Protecting your property is the main job of any good property manager. We will also protect you from liability and risk.

The rental laws in California are challenging and always changing. You need to understand rent control, just cause eviction, how the eviction moratorium impacts your ability to collect rent, and why a pet is different from a service animal. There’s trust accounting to know and security deposit laws to follow.

Professional San Mateo property management gives you back your time and protects you from the growing headaches and hassles that come with real estate investing. More importantly, it allows you to spend less and earn more on your investment. 

Contact us at Bayside Management when you’re ready to save money on managing your rental home.

Founded in 1982 in Marin County, Bayside Management has expanded to offer full-service San Mateo property management to the entire San Francisco Peninsula. We manage single-family properties, multi-unit complexes, commercial properties, and homeowner associations.