Hi I’m Jessica Farrar with SOTO Property Solutions. Today I’m talking to all you do-it-yourselfers out there. Maybe you do it yourself to save money or because you like the control. I’m talking about professional services. Let’s look at a few instances where you may be better off to not do it yourself.
Ok so who does your taxes, do you do them yourself online? I know when I first got married, I did our taxes for a few years. It seemed easy enough. Then we bought another house and turned our first into an investment property. I still thought I was saving money by doing it myself. Well that year I turned them over to a real accountant…she was wise enough to know I messed up the years before and found me some extra money. Now I happily have them done each year.
How about when you get sick or hurt? Do you turn to Dr Google? We all know the power of this resource. This “doctor” can diagnose every sickness and pain you could imagine and it’s all usually dire. Best to go see your doctor who has your chart and knows you well. Your doctor, if you have a good one, is looking out for your best interest.
What if you get sued? Do you represent yourself? I don’t!
Well your property manager needs to be another professional on your side, just like your accountant, doctor, and lawyer. With a great property manager who runs your houses and apartments well, your cash flow will go up. But more importantly, with a great property manager, you don’t have to fix toilets, so your time is freed up to buy a lot more real estate, spend time doing what you love, and what you’re good at, maybe you’re a professional in another field, do that. A great property manger is key to your success in real estate. We’ve all heard the stories of rentals gone wrong. Well most of those stories could have been avoided. According to Robert Kiyosaki, author of Rich Dad Poor Dad, finding a great property manager is more important than the real estate itself.
Real estate is a powerful investment vehicle and I’m so thankful to be the professionals our clients turn to when they need this valuable service of property management, and REALTOR when they want to buy more, or when it’s time to sell. If you’d like to learn more about how we might be able to help you with your investments, go on over to our website and fill out the free rental analysis today. SOTOps.com.
Thanks for reading. I hope you have a blessed holiday season.