How Property Management Can Increase Resale Value

There are many reasons owners seek professional property management. Most of the time it’s to reduce work and increase profitability. Property managers have vendor connections; expertise in local rental regulations; expanded marketing capabilities for vacant units; enhanced screening protocols for applicants; and are generally more savvy when it comes to knowing the ins and outs of managing an income property. But more than just providing peace of mind, efficiency and value for the owner, property management can increase the resale value when it’s time to sell. Here’s why. Buyers looking to purchase an apartment building are not only investing in the real estate. They are also investing in the business model. A poorly run business is worth less than one that runs smoothly.

Want to learn more? In January of 2021, the Apartment Owners Association of California posted this helpful article outlining why professional property management can increase the value of your income property.