BHM
Brickhouse Management, LLC
P.O. Box 48201
Cumberland, NC 28331
Office: 910-239-7835
Fax: 910-623-2021
Email:
[email protected]
When to hire a Management Company.
Management companies deal directly with prospects and tenants, saving you time and worry over marketing your rentals, collecting
rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions. Plus, a good
management company brings its know-how and experience to your property, giving you the peace of mind that comes with knowing
your investment is in good hands. Finally, a management company is an independent contractor, so you avoid the hassles of being an
employer
Maybe I should hire a Management Company.
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Although hiring a property management company has many advantages, using one can be expensive. And, even apart from the
cost, relying on a property management company is not for everyone. Consider the following factors to determine if hiring a
property management company would be a good decision for your business.

You should consider hiring a property management company if:
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You have lots of properties or rental units. The more rental properties you own and the more units they contain, the more
you're likely to benefit from a management company.
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You don't live near your rental property. If your rental property is located far from where you live, hiring a property
management company can be invaluable in dealing with the many issues that you will not be able to handle from afar.
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You're not interested in hands-on management. Many landlords look forward to the challenge of finding good tenants and the
rewards of maintaining a safe and attractive property on their own. But if you view rental property ownership strictly as an
investment and want little or nothing to do with the day-to-day management of your properties, consider hiring help to manage
your property.

Your time is limited. Even if you enjoy hands-on management, you may not have much time to devote to your business,
especially if landlording isn't your day job. And if you prefer to spend your time growing your business, including searching for
new properties, arranging financing for renovations, or changing your business structure, then a management company may be
a good way to spend your money.

You can afford the cost. Hiring a property management company is an attractive option if you can afford the fees. When
interviewing companies, expect to hear quotes ranging between 5% and 10% of what you collect in rent revenue. If it's a down
market and you're able to manage things yourself (or with the help of a resident manager or other employees), you may want
to keep doing so until the market turns around.

You're suddenly inundated with management tasks. If your business is growing, at some point you may find that you need a
substantial amount of help to manage everything properly. At that point, it might make sense to hire a management company.
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You don't want to be an employer. If you hire a resident manager or other employees to help with your property, you become
an employer. You'll have to handle payroll and deal with a host of other legal requirements and considerations. But, because a
property management company isn't your employee (it's an independent contractor), and neither are the people who work for
the company, by using one you avoid the hassles of being an employer.

Your property is part of an affordable housing program. If you participate in an affordable housing program, things can get
complicated. Usually, in these programs the landlord receives financial assistance, which may be in the form of a grant, lowinterest loan, or tax credits, in return for agreeing to rent at least part of the property to tenants earning below a certain
income level. In order to continue receiving the assistance, the landlord must comply with a complicated set of rules. With so
much at stake, it's often worth hiring a property management company that has expertise and experience with the particular
housing program in question.
What will my Management Company do for me?
Once you have invested in a rental property, the responsibility of maintaining and running the property can quickly become
overwhelming. For many Owners, the logical solution is to hire a Residential Property Management company to oversee their rental
property. But is this the right decision for you? Let’s look at the benefits to you.
What will my Management Company do for me?

Setting the right rental rates: While looking through the classifieds to see what other landlords are charging for similar
properties is a fine way to ballpark your rent price, a good property management company will conduct a thorough market
study in order to set a rental price for your property, ensuring that you achieve the perfect balance between maximizing
monthly income and maintaining a low vacancy rate.

Collecting and depositing monthly rent payments on time: If you've ever worked in a billing department, you know that
securing payment from clients can be difficult, not to mention awkward. Property management companies have efficient,
tried-and-true systems in place to effectively collect rent and maintain on-time payments. You'll find this particularly
important if you have a limited number of properties, and collecting payments on time is crucial to maintaining your cash flow.

Marketing and advertising your property: Through long experience, a property manager will know exactly where to market
your property and how to craft compelling advertising materials---a significant advantage when it comes to filling your
properties quickly and avoiding long vacancies.

Finding the right tenants: Experienced property managers are experts at finding good tenants, and will take care of all the
details, including the securing all criminal background and security checks, running credit reports, verifying employment, and
collecting previous landlord references.

Managing tenants: In addition to finding good tenants, a property management company will manage all aspects of the tenantlandlord relationship. The property manager will handle both routine and emergency maintenance, take care of routine
inspections, and manage any situations where conflict resolution is required
Why choose Brickhouse Management, LLC?
By staying small Brickhouse Management can remain more agile, with less of the red tape, internal politics,
complicated policies and procedures that tend to plague our larger counterparts. Our goal is to maintain the BEST
portfolio, which will allow us the opportunity to give the highest quality service around. When playing the numbers game,
the quantity of the portfolio outweighs the quality which in turn causes an already bogged down staff to be overworked
focusing on problem properties that take up most their time.
Our agency brings a customized package of rental management programs to the owner along with a more personal
approach to every guest and resident. Our approach has proven effective time and again, helping property owners realize the
full potential of their rental investments. With over 15 years of real estate management experience our business has been
tested tried and found to be true. We have listened to the hardship, frustration, confusion and understand what owners,
residents and guests really want. They are tired of being just another number and want quality service to continue not stop
once the paperwork is signed.
Why choose Brickhouse Management, LLC?
This is why the majority of my clients who have switched agents have migrated
from the larger franchise groups, and all have the same expectations in common:


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They want personalized service;
They want continuity in their point of contact;
They want to know the person who is actually managing their property;

And they want someone with a wealth of experience.
Take the time and contact the small
but mighty, mighty, BRICHOUSE
MANAGEMENT, LLC your premier
management company. We are here
for you.