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Posted December 16, 2019 by Boncore Property Management

How a Property Manager Can Expand Your Portfolio

If you're looking for a way to expand your building portfolio, one of the best things you can do is hire a property manager. 

A property manager will know what your building is worth and help you increase the rent to the highest market value. This added income will make it easier for you to acquire more properties. Each building you acquire will be assessed by your property manager to ensure operating efficiency for the best return on your investment. 

Property managers can save your money with their connections to contractors. With their experience in the profession, they have made strategic connections to tradespeople. This often means they can lower maintenance costs and schedule repairs quicker, even with emergencies. You'll experience greater savings which will allow you to invest in future properties. 

Property managers are connected to the market, which means they can often help you find current income property listings, even before they are listed. With their experience in the market, they can easily advise which properties hold the most value, helping you make the best decisions.

Property managers allow you to shop for listings in different cities. With an experienced property management company, you don't have to live in the same city as your buildings. The management team will oversee all your properties, no matter the city, freeing you up to find the most lucrative deal rather than the deal closest to your location.

A property manager handles the day to day responsibilities, allowing you to focus on acquiring new buildings. Management companies are available 24/7 to answer your concerns, respond to tenant maintenance requests, and address property emergencies, so you can feel confident in owning 10 or more buildings without becoming overwhelmed. 

If you want to increase your income, free up your time, or expand your building portfolio, contact Boncore Property Management today. We can assist you every step of the way, helping you make the best choices to enhance your investment portfolio.