If has become commonplace for us here at Blue Harbour Property Management to take on the operations of properties for owners who live out of either the state or the country. Whether it is because you were required to move for personal family reasons or your job requires you to relocate, you are in need of a provider that you can have faith in. You are in need of a company that can ensure your investment returns and handle your possession in a professional manner. New York City is a tough market. One mistake with a tenant or valuations can have you in a loss for months if not years.
Here at Blue Harbour Property Management we have had plenty of consultations with owners that believe they can manage their property while abroad. They miscalculate the complexities of dealing with issues over the phone or via the internet when they have been accustomed to being present in the event that an emergency arises. Sometime it may take hours if not days to coordinate with the proper plumber or contractor to fix the problems arising at a certain property. Having a professional close by to troubleshoot issues will benefit you not only with respect to repairs, but in rent collection, compliance with housing laws, tenant vacancies and day to day general maintenance.
The only stream of income normally for apartment building owners is the rental revenue. There is a plethora of roles you must fill in order to receive the rent. Your duties would include being the chief marketer, maintaining and repairing the property, purchaser of supplies and appliances, landlord/tenant specialist for legal proceedings and collections manager just to name a few of the roles you play. With all these roles having to be filled and you being away, wouldn’t you be better off using a professional NYC property management company to work on your behalf? An experienced property management company can fulfill all of the roles and also serve as a troubleshooter to assist in unforeseen circumstances. Also, having someone available 24/7 365 days a week can alleviate a huge burden taken off of your shoulders.
Knowing someone is available at all times to speak to you about your real estate investment is a huge benefit. You will be able to discern the present status of your holdings but also project with some certainty the income potential in future years. With detailed financial reporting and complete transparency you will be in a much better position in attempting to manage your portfolio being away. Blue Harbour Property Management offers specialized property management services to maximize your revenue potential through experience and excellence in the field of property management. No matter where you are in the world, we will be able to get the results that are expected with New York City properties.