We hear a lot of horror stories from landlords who are self-managing their rental properties. People take it upon themselves to manage their own properties, but problems can often arise. There are a number of benefits to hiring a property management company rather than trying to handle everything yourself.
Property Management St. Louis: Legally Compliant Leases
If you hire a professional management company, we will take care of the leases, which are in legal form and can protect you in the event of a resident being evicted. Sometimes landlords who self-manage will download generic leases off the internet, or use rental agreements that are not legal or enforceable in St. Louis. When you have a professional property manager handling your leases, you know you’re getting the right forms and the best protection.
Property Management St. Louis: Fair Housing Laws
There are also fair housing laws. Many owners don’t understand fair housing laws, and they get into legal trouble when they advertise or lease a property in a way that violates fair housing. While you may not intend to discriminate, some of the terminology you use or the processes you follow might be seen as discriminatory.
So, it’s a benefit to hire a management company to take care of these issues. We have the proper legal forms and the best resources for any tenants living in your property.
These are only two important reasons for hiring a property management company. There are many other benefits. If you have any questions about professional management or you need help hiring a property manager, please don’t hesitate to contact us at Select Leasing & Management.