With ever-increasing rental prices and a limited number of available properties, it can be difficult for homeowners to find the time and energy necessary to manage their investment homes effectively. That's where Doorstead and professional property management services come in.

Leveraging property management experts and teams can bring you a higher return on investment and free up your time and energy for other priorities and pursuits. We'll cover some of the main benefits in this article.

What do property managers or property management services do?

Property management services help you find the best tenants for your investment property, manage the property daily, and ensure that you get the highest investment return. They can also help with maintenance and repairs, marketing your property to prospective tenants, and advocating when issues arise. Learn more in our comprehensive guide to property management.

Benefits of a property manager like Doorstead

Rental homeowners increasingly turn to professional management companies to help them navigate the city's ever-changing regulations. When you hire an experienced San Francisco property manager, you won't have to worry about all the day-to-day tasks and communications. Here are some more universal benefits:

Increased return on investment: 

• By relying on the expertise of a property manager, you can maximize your rental income by avoiding costly mistakes that could negatively impact your bottom line.
• San Francisco property managers typically charge a percentage of the monthly rent, so their fees are often very reasonable and incentivized to earn you more. 
• A good Property Manager can keep your property maintained at optimal costs, saving you money on faulty repairs and other sneaky expenses. 

Time and energy savings: 

• Rather than spending hours each week managing your property or communicating with tenants, you get time to focus on other things, like your job, your family and friends, or your hobbies. 
• You won't need to adjust your schedule to troubleshoot repair issues that could spring up at any time of night or day.
• You are a layer removed from all immediate issues arising from the property.

Navigation around specific challenges that can be time-consuming and costly if not handled welll

•  Homeowners face high tenant turnover rates, expensive maintenance and repairs, and strict rental laws. Read more about these SF-specific property management challenges and how to address each one.

Expert knowledge of local rental markets and trends: 

• Professionals specializing in property management have extensive experience navigating the local rental and vendor market. 
• A property management company will have in-depth knowledge of the local real estate market, allowing you to make informed decisions about your property and tenants.

Access to specialized resources and tools: 

• Property managers utilize a wide range of software and systems, such as tenant screening services or automated software that helps with rent collection.

Access to a large network of potential tenants: 

• Through their extensive professional networks, property managers connect with qualified tenants and help find the one that will be right for your home.

What to look for in a property manager

When finding a property manager, you want a company that offers the best affordability, expertise, and reliability. In addition, they must have expertise in your local market. They should have experience managing properties in the area and will be able to be at your property when required to manage local projects and tasks. You should also ask for references from past clients and check out online reviews. See how Doorstead has partnered with homeowners in the Bay Area and helped manage their properties. Founded in 2019, Doorstead aims to be the go-to platform for landlords and property managers who want modern, tech-enabled, automatic solutions to keep their rentals running smoothly. You can learn more about Doorstead's property management mission and team. It is also a good idea to meet with or talk to several companies before making your final decision.

Hiring a  property manager is a great way to save time and money on your rental home. With their help, you can focus on your other responsibilities and leave the day-to-day management of your property to trusted experts. For more resources, visit our blog.