--- title: Why Residential Property Management is Absolutely Essential description: If you're a landlord having trouble handling your building and tenants, consider hiring a residential property management company to take care of it all. image: https://blog.sdnyrealty.com/hubfs/Blog_Images/Residential%20Property%20Management.jpg --- - [Pay Rent](https://sdnyrealty.com/pay-rent/) - [Forms](https://sdnyrealty.com/forms/) -   [![S&D Commercial Real Estate Agency](https://blog.sdnyrealty.com/hs-fs/hubfs/S__D_Real_Estate_January2019/images/sd-original-logo_300px.png?width=300&height=194&name=sd-original-logo_300px.png "S&D Commercial Real Estate Agency")](https://sdnyrealty.com/) - [About](https://sdnyrealty.com/long-island-commercial-real-estate-firm/) - [Agents](https://sdnyrealty.com/long-island-real-estate-agents/) - [Listings](https://sdnyrealty.com/property-listings/) - [Property Management](https://sdnyrealty.com/property-management-company/) - [Resources](https://sdnyrealty.com/real-estate-resources/) - [Neighborhood Guide](https://sdnyrealty.com/neighborhood-guide/) - [Long Island](https://sdnyrealty.com/long-island-commercial-real-estate/) - [Nassau County](https://sdnyrealty.com/nassau-county-commercial-real-estate/) - [Bethpage](https://sdnyrealty.com/bethpage-commercial-real-estate/) - [Farmingdale](https://sdnyrealty.com/farmingdale-commercial-real-estate/) - [Franklin Square](https://sdnyrealty.com/franklin-square-commercial-real-estate/) - [Garden City](https://sdnyrealty.com/garden-city-commercial-real-estate/) - [Glen Cove](https://sdnyrealty.com/glen-cove-commercial-real-estate/) - [Hempstead](https://sdnyrealty.com/hempstead-commercial-real-estate/) - [Hicksville](https://sdnyrealty.com/hicksville-commercial-real-estate/) - [Long Beach](https://sdnyrealty.com/long-beach-commercial-real-estate/) - [Mineola](https://sdnyrealty.com/mineola-commercial-real-estate/) - [Rockville Centre](https://sdnyrealty.com/rockville-centre-commercial-real-estate/) - [Suffolk County](https://sdnyrealty.com/suffolk-county-commercial-real-estate/) - [Babylon](https://sdnyrealty.com/suffolk-county-commercial-real-estate/babylon-commercial-real-estate/) - [Brookhaven](https://sdnyrealty.com/brookhaven-commercial-real-estate/) - [Hauppauge](https://sdnyrealty.com/hauppauge-commercial-real-estate/) - [Huntington](https://sdnyrealty.com/huntington-commercial-real-estate/) - [Islip](https://sdnyrealty.com/islip-commercial-real-estate/) - [Melville](https://sdnyrealty.com/melville-commercial-real-estate/) - [Riverhead](https://sdnyrealty.com/riverhead-commercial-real-estate/) - [Smithtown](https://sdnyrealty.com/smithtown-commercial-real-estate/) - [Southampton](https://sdnyrealty.com/southampton-commercial-real-estate/) - [Consulting Services](https://sdnyrealty.com/consulting-services/) - [Property Appraisal Services](https://sdnyrealty.com/property-appraisal/) - [Zoning Regulations](https://sdnyrealty.com/zoning-regulations/) - [Forms](https://sdnyrealty.com/forms/) - [Veterans & Military Housing](https://sdnyrealty.com/veterans-military-housing/) - [Join our Program](https://sdnyrealty.com/veterans-military-housing/#apply-now) - [Forms & Applications](https://sdnyrealty.com/forms/) - [Pay Rent](https://sdnyrealty.com/pay-rent/) - [Blog](https://blog.sdnyrealty.com/blog) - [Contact](https://sdnyrealty.com/contact/) # Why Residential Property Management is Absolutely Essential - August 22, 2018 - [residential real estate](https://blog.sdnyrealty.com/blog/topic/residential-real-estate), [Property Management](https://blog.sdnyrealty.com/blog/topic/property-management), [landlord](https://blog.sdnyrealty.com/blog/topic/landlord) - 0 ![Why Residential Property Management is Absolutely Essential](https://blog.sdnyrealty.com/hubfs/Blog_Images/Residential%20Property%20Management.jpg) Owning an investment property has its fair share of advantages and disadvantages. On one hand, it’s an incredible opportunity to create an [additional income source](https://www.investopedia.com/terms/i/income_property.asp). On the other hand, upkeep and management can become a full-time job in and of itself. To help find the perfect balance between the two, consider hiring a residential property management company to take over your landlord duties! ## The Benefits of Hiring a Residential Property Management Company ### Filling Up the Property One of the primary responsibilities of [landlords](https://blog.sdnyrealty.com/blog/multifamily-home) is to find the right tenants to occupy each of their property’s units. When you hire residential property management, they will start by marketing and advertising your building in the right area and to the right audience. That way, you can quickly fill your properties and never have to deal with long vacancies. A property management company will also take care of everything related to [tenant screening](https://www.biggerpockets.com/renewsblog/advanced-tenant-screening-dont-be-fleeced-by-wolves-in-sheep-clothing/). From criminal background and security checks to credit reports, employment verification and landlord references, they do it all. Therefore, you will never be stuck with [unruly or unwanted tenants](https://blog.sdnyrealty.com/blog/bad-tenants) in your property ever again. ![Residential Property Management](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Residential%20Property%20Management1.jpg?width=320&name=Residential%20Property%20Management1.jpg) ### Handling Rent Another essential landlord task is the awkward, monthly activity of collecting and depositing rent payments on time. Most of the time, experienced property managers will have a tried-and-true method for gathering rent and keeping up with payments. Not to mention, they will strictly enforce all lease policies if payments aren’t received on time. This is especially helpful for investment property owners who rely on monthly rent payments as their primary source of cash flow. Otherwise, if you assume all rent collection responsibilities without the proper experience, you may not be as successful. ![Residential Property Management](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Residential%20Property%20Management2.jpg?width=320&name=Residential%20Property%20Management2.jpg) ### Complete Management Aside from attracting quality tenants, a residential property management company will also be in charge of upholding the tenant-landlord relationship with your building’s occupants. They will be on top of any issues, concerns, repair, inspections or maintenance. By addressing concerns promptly and without delay, they will keep your [renters](https://blog.sdnyrealty.com/blog/renters-rights) happy and decrease tenant turnover. They can even ensure that you are always complying with local housing regulations and property laws. Otherwise, if you don’t have much experience in those areas, you might be on the hook for fines and penalties that you never even knew about. ![Residential Property Management](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Residential%20Property%20Management3.jpg?width=320&name=Residential%20Property%20Management3.jpg) ### Some Peace of Mind This one may come as a no-brainer—but hiring a property management company will significantly reduce your number of headaches. You won’t even have to worry about complications and commitments related to the property. Everything will be out of your hands so you can relax and breathe easy knowing you’re in good hands. Besides, the free time will give you plenty of opportunity to find your next big investment property! If the daily responsibilities of being a landlord are keeping you down, consider hiring a residential property management company. --- [![Join The Commercial Courier](https://no-cache.hubspot.com/cta/default/432922/d68af3fc-de89-4dd0-bc71-e7dba2bb02f5.png)](https://cta-redirect.hubspot.com/cta/redirect/432922/d68af3fc-de89-4dd0-bc71-e7dba2bb02f5) ### Tags: - [residential real estate](https://blog.sdnyrealty.com/blog/topic/residential-real-estate) - [Property Management](https://blog.sdnyrealty.com/blog/topic/property-management) - [landlord](https://blog.sdnyrealty.com/blog/topic/landlord) ### [Previous post](https://blog.sdnyrealty.com/blog/apartment-search) #### [How to Start your Apartment Search Off on the Right Foot](https://blog.sdnyrealty.com/blog/apartment-search) ### [Next post](https://blog.sdnyrealty.com/blog/moving-tips) #### [Expert Moving Tips to Efficiently Get You from Point A to B](https://blog.sdnyrealty.com/blog/moving-tips) ### Related posts [![How a Home Appraisal Determines Residential Property Value](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Home%20Appraisal.jpg?width=768&name=Home%20Appraisal.jpg)](https://blog.sdnyrealty.com/blog/home-appraisal) - September 26, 2018 - [Buying](https://blog.sdnyrealty.com/blog/topic/buying), [residential real estate](https://blog.sdnyrealty.com/blog/topic/residential-real-estate), [Selling](https://blog.sdnyrealty.com/blog/topic/selling), [property value](https://blog.sdnyrealty.com/blog/topic/property-value), [Refinancing](https://blog.sdnyrealty.com/blog/topic/refinancing) ### How a Home Appraisal Determines Residential Property Value Appraising a property plays a significant role in the real estate industry. While appraisals are used for a wide variety of reasons, one thing is... [Continue reading](https://blog.sdnyrealty.com/blog/home-appraisal) [![How Tenants’ Rights Ensure that Renters are Always Protected](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Tenants%E2%80%99%20Rights1.jpg?width=768&name=Tenants%E2%80%99%20Rights1.jpg)](https://blog.sdnyrealty.com/blog/tenants-rights) - September 19, 2018 - [lease agreement](https://blog.sdnyrealty.com/blog/topic/lease-agreement), [Renting](https://blog.sdnyrealty.com/blog/topic/renting), [landlord](https://blog.sdnyrealty.com/blog/topic/landlord), [tenants' rights](https://blog.sdnyrealty.com/blog/topic/tenants-rights) ### How Tenants’ Rights Ensure that Renters are Always Protected When you sign a lease, the two main parties are you and the landlord, with each assigned specific rights and responsibilities. However, no matter... [Continue reading](https://blog.sdnyrealty.com/blog/tenants-rights) [![How to Paint your Home or Apartment: A Beginner’s Guide](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/How%20to%20Paint.jpg?width=768&name=How%20to%20Paint.jpg)](https://blog.sdnyrealty.com/blog/how-to-paint) - September 05, 2018 - [residential real estate](https://blog.sdnyrealty.com/blog/topic/residential-real-estate), [property value](https://blog.sdnyrealty.com/blog/topic/property-value), [home improvement](https://blog.sdnyrealty.com/blog/topic/home-improvement), [interior design](https://blog.sdnyrealty.com/blog/topic/interior-design) ### How to Paint your Home or Apartment: A Beginner’s Guide Whether it’s the wall, trim or ceilings, painting the interior of your home or apartment isn’t such an easy project. From preparation to execution... [Continue reading](https://blog.sdnyrealty.com/blog/how-to-paint) ### Blog Search ### Recent Posts [![Click Here to Join our Newsletter](https://no-cache.hubspot.com/cta/default/432922/19f66de0-1cba-45a5-a498-016133232e0e.png)](https://cta-redirect.hubspot.com/cta/redirect/432922/19f66de0-1cba-45a5-a498-016133232e0e) ### Topics - [residential real estate (65)](https://blog.sdnyrealty.com/blog/topic/residential-real-estate) - [commercial real estate (48)](https://blog.sdnyrealty.com/blog/topic/commercial-real-estate) - [Buying (40)](https://blog.sdnyrealty.com/blog/topic/buying) - [Tips (36)](https://blog.sdnyrealty.com/blog/topic/tips) - [Renting (23)](https://blog.sdnyrealty.com/blog/topic/renting) - [Selling (20)](https://blog.sdnyrealty.com/blog/topic/selling) - [Mortgage (15)](https://blog.sdnyrealty.com/blog/topic/mortgage) - [commercial property (15)](https://blog.sdnyrealty.com/blog/topic/commercial-property) - [lease (15)](https://blog.sdnyrealty.com/blog/topic/lease) - [office (14)](https://blog.sdnyrealty.com/blog/topic/office) - [Finance (13)](https://blog.sdnyrealty.com/blog/topic/finance) - [buying a house (12)](https://blog.sdnyrealty.com/blog/topic/buying-a-house) ### Follow Us Find helpful blogs of both residential and commercial real estate on Long Island. For more questions, feel free to contact us at [info@sdnyrealty.com](mailto:info@sdnyrealty.com)   - [About](https://sdnyrealty.com/long-island-commercial-real-estate-firm/) - [Listings](https://sdnyrealty.com/property-listings/) - [Property Management](https://sdnyrealty.com/property-management-company/) - [Resources](https://sdnyrealty.com/real-estate-resources/) - [Veterans & Military Housing](https://sdnyrealty.com/veterans-military-housing/) - [Blog](https://blog.sdnyrealty.com/blog) - [Contact](https://sdnyrealty.com/contact/) [![S&D](https://blog.sdnyrealty.com/hubfs/S__D_Real_Estate_January2019/images/sd-original-logo_150px.png)](https://sdnyrealty.com/) Full-service real estate and property management firm serving Long Island and the NY Metropolitan Area since 1949. ### Contact Info - [27 E Jericho Turnpike Suite 2 Mineola NY 11501](https://www.google.com/maps?rlz=1C1CHBF_enUS811US811&q=Smith+and+Degroat+Real+Estate+%7C+Commercial+Real+Estate+Agency+Long+Island&stick=H4sIAAAAAAAAAONgecSYyS3w8sc9YamESWtOXmOM4uIKzsgvd80rySypFPLhYoOyFLj4pbj10_UNS7KyCi2NijQYpHi5kAWkFJS4eDfoeUmIhqTJXNES4hS3q1nzuf1Qp-DPz9cyDTS_RPAAAClF56FuAAAA&biw=2560&bih=938&um=1&ie=UTF-8&sa=X&ved=0ahUKEwjQovbckObdAhXsYd8KHVqGBC4Q_AUIDigB) [516-248-6905](tel:1-516-248-6905) ### Listings [699 Nassau Rd, Uniondale NY, 11553](https://blog.sdnyrealty.com/blog/home-appraisal) $649,000 1783 SF Mixed-Use [![699 Nassau Rd, Uniondale NY, 11553](https://blog.sdnyrealty.com/hubfs/S__D_Real_Estate_January2019/images/699-Nassau-Rd-Uniondale-Featured-IMG-380x280.jpg)](https://smithandd.staging.wpengine.com/property/699-nassau-rd-uniondale-ny-11553/) [310 Willis Avenue, Mineola NY, 11501](https://blog.sdnyrealty.com/blog/tenants-rights) $750,000 3525 SF Commercial, Office [![310 Willis Avenue, Mineola NY, 11501](https://blog.sdnyrealty.com/hubfs/S__D_Real_Estate_January2019/images/310-Willis-Avenue-Mineola-Featured-IMG-380x280.jpg)](https://smithandd.staging.wpengine.com/property/310-willis-avenue-mineola-ny-11501/) ### Newsletter Subscribe to our newsletter for expert tips, exclusive listings and more!   **Disclaimer:** The information herein does not constitute an offer, representation, or warranty, and S&D Real Estate cannot guarantee the completeness or accuracy of any information contained herein. Prospective purchasers should independently verify all information pertaining to the subject property; and may do so through, among other sources, available public records from the applicable municipality. © S&D Commercial Real Estate Long Island 2019. All Rights Reserved. [Privacy Policy](https://sdnyrealty.com/privacy-policy/) Follow us