As an investor in Nigeria or in diaspora, a time comes in your business life when you will need a property manager to manage your numerous real estate investments. Ultimately, it boils down to two factors, your lifestyle decisions and return on investment. Many investors decides that their time would be more productive and enjoyable, when spent doing something other than actively managing their properties.

Also, if you want to professionally give your property the right pricing and guarantee return on investment with constant value addition you sure need a property manager. In a rental property, the manager helps to keep tenants on the waiting list.

In a rental property, the property manager carry out research and compare rents in the area where the property is located to determine the optimal rental rate for your property.

The property manager also markets the property to minimize vacancies and maximize income. In addition to marketing the properties for rent, he screens tenants to protect the investor from bad prospects and scam. He also maintains the property and handle structural maintenance to maintain the value of your investment.

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The property manager does the above to help lift the burdens of management from the investor thereby giving the investor time to coordinate other aspect of his investments.

In hiring and retaining a property manager you stand a chance of getting higher quality tenants, shorter vacancy cycles, fewer costly and time-consuming legal problems, better tenant’s retention, tighter rent collection process and lower maintenance and repair cost.

The property managers usually don’t work with emotions unlike the investors that might want to consider somethings pertaining to the tenant. They are professionals who must deliver their services in utmost good faith and with every sense of responsibility

As an investor, you may ask what do I stand to gain if I retain the services of a property manager? Below are some of the burdens the property manager will lift off your shoulder.

1. Less stress: we all know how stressful running around to deal with middle of the night emergencies can be. Managing tenants can be stressful especially those stubborn tenants. The stress of collecting rents and evicting tenant from property. What about those tenants who wreck property? rental scam, lousy Vendors, poles of paper work? The list is unending. The property manager will sure save you from all these and more.
2. More freedom: As an investor, you can invest where ever you want with no constraints of having to be near your properties all the time. You can travel without the requirement of being available always to meet your tenants needs.
3. Free up more time: As an investor, when you engage a property manager, the manager takes up responsibilities off your shoulder thereby giving you more time to engage in other businesses. Time well spent is more money! and for many investors, their time can be more profitable spent in areas other than servicing their properties.

In conclusion, the services of a property manager cannot be over-estimated. If you have decided to hire a property management company or a property manager, you should find a manager who is good professionally and fit to manage your property. You stand to benefit immensely from this!

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