Managing your own rental property may seem cost-effective initially, but several warning signs indicate a professional manager could transform your investment. Groupe Murray identifies five key indicators that reveal it’s time to transition to professional management.
1. You’re Receiving Constant Emergency Calls
Midnight calls about broken water heaters or leaking pipes destroy your quality of life. If you can’t enjoy evenings or weekends without dreading your phone, it’s a clear sign that self-management is affecting your wellbeing.
Groupe Murray offers 24/7 emergency service with qualified contractors ready to respond immediately. You sleep soundly while our team handles crises professionally.
2. Your Tenants Consistently Pay Late
Recurring late payments signal problems with either collection procedures or tenant screening. If you’re constantly sending reminders and negotiating payment arrangements, you’re losing both time and income.
Professional managers enforce strict collection procedures and don’t tolerate delays. Frederic Murray notes that their properties maintain a 98% collection rate, compared to 85% for self-managed properties.
3. Your Units Stay Vacant Too Long
A vacant unit for two months annually represents a 17% loss of your yearly income. If you struggle to find qualified tenants quickly, your marketing strategy is likely inadequate.
Groupe Murray uses extensive networks, professional photography, and multiple platforms to rent units an average of 40% faster than individual landlords can manage on their own.
4. Repairs Cost More Than Expected
Without established relationships with reliable contractors, you’re probably overpaying for maintenance and repairs. Self-managing landlords often pay 20% to 30% more than professional managers for identical services.
Our network of suppliers offers preferential rates and priority availability, reducing your operating costs while maintaining quality standards.
5. You’re Missing Revenue Opportunities
If your rents haven’t increased proportionally with the market or you’re unsure which renovations would generate the best returns, you’re leaving money on the table. Groupe Murray continuously analyzes market conditions to optimize your income.
We identify profitable improvement opportunities, set competitive rents, and maximize your profitability through our deep knowledge of the Quebec rental market.
Free Yourself and Maximize Your Profits
Recognizing these signs represents the first step toward more efficient and profitable management of your real estate portfolio. Professional management isn’t an expense—it’s an investment that improves your income, reduces your stress, and protects your property.
How many of these five signs apply to your situation? If you identified even one, it’s time to explore how Groupe Murray can transform your landlord experience.
Contact Frederic Murray and his team today for a free consultation. Discover how our expertise can increase your rental income while freeing you from the daily hassles of property management.
