Diving into real estate investing by buying a property that you turn into a rental may have been an exciting process. While some people try their hand at being a landlord and end up not liking the responsibilities, you may have experienced a different situation and fell in love with the job overall. So, while you may be excited about having a baby, you may not want to give up your landlord responsibilities. Selling the property so that you can focus on taking care of your baby is not something that you have to do. It is a viable option to hand over the duties for however long you need to with property management services.
No Need to Handle Emergencies
It is easy to handle scheduled maintenance by taking phone calls from your tenant and making appointments with professionals who will fix the problems in your home. But it is the maintenance emergencies that can get in the way of raising a baby because they happen randomly. You may not be able to give your home or your tenant the prompt response that they deserve with a baby in your care. A property manager will take over this important responsibility, and you can have a discussion with them in the beginning to determine how much of a role you want to play in with handling these emergencies.
Enjoy Passive Profits
A huge benefit to hiring a property manager is that you will be able to enjoy passive profits. Being a landlord requires that you are always on the job, even if it is just on-call, so it may be a nice change of pace for you to be able to collect rent checks on a monthly basis without being involved in the work. It may give you a different perspective that entices you to stick with long-term property management.
Resume Duties in Due Time
If you like the passive profits but enjoy the prospect of working with tenants even more, you should know that you can resume your duties whenever you are ready to start committing hours away from home. If you will still be spending a large chunk of your time with your child, you will benefit most from having several backup plans in case you need to handle an extended emergency. This can include paying a babysitter, having a neighbor come over, or bringing your child to a family member or friend's house.
Hiring a property manager, such as those at Shook & Tarlton Rentals, to alleviate yourself of landlord responsibilities while you are getting closer to having a baby and throughout your child's first months in this world is a smart decision.
