Are you considering hiring a resident manager for your apartment complexes? A resident manager may be costly, but most property managers will find that there are some major advantages to hiring one -- especially if they have multiple properties they need to manage.
1. Safety Issues Are Dealt With Faster
In many complexes, safety is incredibly important. On-site security teams may not be affordable enough for an apartment complex, but a resident manager can react to and notice any obvious safety problems quickly. Residents can also consult with the resident manager at any time to ensure that everything is as it should be.
2. Resident Managers Can Complete Repairs and Maintenance
A resident manager often serves a dual purpose. Many resident managers also complete handyman and yard repairs and maintenance, and this can be far more affordable than having to hire these people on a case-by-case basis. Often, the repairs and maintenance work will fall under resident manager's usual pay, thus creating a flat fee for the general repair and maintenance of the building.
3. Property Values Can Be Secured
Few property managers can afford the time to check in on their properties on a weekly or even daily basis, and this can leave issues such as property damage, trash build up, or other maintenance problems unchecked. A resident manager will be able to work with the property manager to ensure that problems are dealt with quickly, and this will ensure the continued value of the property.
4. Resident Managers Provide Customer Service
For a property management company, a resident manager often provides a valuable interface between the property management company, the property owners and the renters. Resident managers can help the company deal with standard issues, such as needing to know about the apartment's by-laws, maintenance fee payments and more -- resident managers will also address owner concerns and a variety of other standard administrative tasks.
5. A Resident Manager Can Offer a Competitive Advantage
Many renters feel more comfortable living in a complex with a resident manager because they know that their concerns will be addressed quickly. Likewise, those who are looking to purchase properties may find that a property with a resident manager has value. Adding value to a complex is exactly what a property management company should do, and may make a property management company more appealing to an apartment association.
Resident managers aren't ideal for all circumstances. Property managers with fewer properties may find that an on-site resident manager isn't necessary -- and properties that are smaller may not utilize a resident manager enough for it to be worthwhile. But property managers with a large amount of sizable properties will likely find that full-time, on-site resident managers, such as ABC Property Managers Inc, can save them both time and money.