First comes the real estate agent, then comes the property manager, right? Well, not exactly. In order to have a successful rental property investment experience, you need both a realtor and a professional property manager and, oftentimes, these two professionals will work in tandem to ensure that you’re making good decisions from start to finish. What roles do each of these professionals fulfill? Here’s a summary.
Real Estate Agent
While both your real estate agent and your property manager are more than likely licensed NC brokers, your real estate agent serves to guide you through the process of purchasing your rental investment property. This person will aid in searching the Multiple Listing Service (MLS) for properties that fit in your price range, setting up showings, and, when you’ve decided on a particular property, will guide you through making an offer, going under contract, and closing.
Professional Property Manager
Though the above description may sound like your real estate agent has you covered through the purchase process, the professional property manager also serves a key role here. When considering rental investment properties to purchase, a property manager can work alongside your real estate agent to help you select properties that are in popular areas of town and are currently in high demand with renters. Not only that, but having a property manager involved prior to closing will allow you to make plans regarding upgrades, painting, flooring, etc., so that once you sign on the dotted line, you’re ready to hit the ground running with any needed work.
Keeping these things in mind throughout the purchase process will set you in prime position to get tenants in the property and start earning income soon after closing. Once you’ve closed on your property, a professional property manager can then assist you in coordinating any repairs or upgrades that may be needed, put the property into advertising and handle the rest while you sit back and enjoy your new source of passive income.
Not sure where to find a real estate agent? Don’t worry. At Sweyer Property Management, we have relationships with trusted local brokers who can assist you in finding and closing on the perfect investment property and, together, we can smoothly transition you from looking for a home to purchase to bringing in maximum rental income in no time at all.
Interested in learning more? Reach out to our team of experts here or at 910.239.1338