Top 10 Investor Concerns and the Difference a Trusted Property Manager Makes

At Propel, we asked our large contingent of interstate investors why they feel they can trust us to look after their properties from afar.

Here are the main points they mentioned they think about and were glad that we took care of, for them:

1. Distance and Accessibility: Being far away can make it challenging to visit the property regularly and attend to any immediate issues that may arise.
2. Local Market Knowledge: Investors may worry about not fully understanding the local real estate market, including property values, rental rates, and trends.
3. Property Management: Finding a reliable and trustworthy property management company to handle day-to-day operations, tenant management, and maintenance can be a major concern. Go no further, the Propel team are here for you.
4. Tenant Quality: Investors might worry about finding high-quality tenants who will take care of the property and pay rent consistently.
5. Maintenance and Repairs: The logistics of handling maintenance and repairs from a distance can be daunting, especially if urgent issues come up.
6. Legal and Regulatory Differences: Different states may have distinct laws, regulations, and landlord-tenant policies that investors need to navigate and comply with.
7. Communication Challenges: Time zone differences and lack of face-to-face interaction can create communication challenges with tenants, property managers, and service providers.
8. Vacancy Rates: Investors may be concerned about higher vacancy rates in a location they are not familiar with, leading to potential income gaps.
9. Emergency Situations: Natural disasters, security breaches, or other emergencies might arise, and investors worry about how to handle these situations remotely.
10. Property Appreciation: Investors might be concerned about the potential for their property to appreciate in value over time, considering they may not be as tuned in to local market dynamics.

Addressing these concerns often involves careful planning, research, and partnering with experienced professionals who can help navigate the complexities of managing properties from a distance.

Property Management is our ONLY focus at Propel Realty and we are exceptional at ensuring your property is looked after as if it were our very own.

Reach out to the team today if you are looking for a Property Management team that will look after your investment as if it’s their very own.