All property owners are investors, but not all of them are landlords. What’s the difference? A lot of time and control to be gained or lost, depending on role(s) you embrace.
First, An Investor…
Every real estate investor is an investor first. Investors are entrepreneurs who are looking to expand an income portfolio by purchasing properties in which others will live or work. They risk financial losses and reap the benefits of tax breaks for small businesses. If an investor chooses to remain an investor only, they otherwise leave the mundane details every day of property ownership to professional property managers. The alternative requires much more investment of self, time and patience.
…Then, A Landlord?
Those who choose to take on the management of their own investment properties take on the title of landlord, and that’s an entirely different proposition. While those who are strictly investors give up some control of their properties, they also benefit from a symbiotic relationship with professional property managers whose wealth of knowledge and resources just make things easier on the investor.
Those property management fees may seem hefty at first glance, but the landlord who chooses to forgo hiring a property manager must then deal with the daily headaches of marketing, leasing, repairs, maintenance and rent collection. It’s a distinction that’s worth researching before investing in a property, because every property manager – whether professional or the investor who chooses to manage his own investment property – knows that being a landlord is very different from managing a property well.
If you’d rather remain an investor and reap the benefits without the headaches, contact Class A Management today and let us handle the day-to-day operations and maintenance details. We know what renters want, and we know what investors and their properties need to succeed. Call us today at 817-295-5959 or e-mail, .