Properties managed by homeowners or their relatives often face more tenant-related problems compared to properties managed by a professional property management firm like Cornerstone Group. The challenges can be many, including a lack of understanding regarding Residential Property Management practices, real estate laws, and the constant changes in regulations. Other factors such as insufficient experience, slow or unreasonable responses, poor-quality service providers, lack of documentation, conflict of interest, ineffective communication, and unrealistic expectations often add to the problem.
Many real estate laws today are created by politicians who are not necessarily field experts. These laws often contradict each other, leading to confusion and misinterpretation. Even seasoned attorneys and judges can have differing opinions on the same law. This complexity makes it essential for property owners to rely on professionals who are well-versed in National, State & Local Law Changes.
With over 20 years of real estate expertise, Cornerstone Group has built a strong track record of successful property management. Our services are designed to keep you compliant with the latest legal updates, maintain diligent records, and ensure proper education for both landlords and tenants. We strive to create a fair and balanced relationship, always aiming for a win-win solution. Most of our clients have come to us after experiencing difficulties with other property management companies or struggling with self-management.
So, why is it crucial to hire a professional with an active real estate license, vast knowledge, and years of experience? The real estate world is full of diverse personalities, communication styles, and varying expectations. A professional’s ability to navigate these complexities is what sets them apart. By understanding all these nuances, property managers can prevent potential conflicts and ensure smooth operations.
While it’s impossible to achieve 100% perfection due to constant market shifts, law changes, and economic factors, performing property management as efficiently as possible greatly reduces the risk of disputes and legal liabilities. This is why Cornerstone Group’s Residential Property Management and Commercial Property Management services have been so successful — for over 20 years, we have not had a single eviction, which speaks volumes about our commitment to managing properties effectively.
Alisha Chen, CEO of Cornerstone Group, has handled several court cases for property owners who attempted self-management and won each one. These property owners soon realized the extent of legal liability they exposed themselves to by not staying informed about National, State & Local Law Changes. The financial impact of one legal dispute can often exceed a year’s worth of rental income, further highlighting the importance of professional management.
Property management carries some of the highest legal risks in the real estate industry, yet it is one of the lowest-income generating sectors, demanding a lot of continuous work. This is a key reason why many property management companies offer substandard services. Issues like conflict of interest and lack of proper documentation/responses in owner-managed properties often lead to legal disputes.
At Cornerstone Group, our comprehensive property management services allow investors to be as hands-off as possible, relieving them of the complexities associated with maintaining their properties.
Contact Cornerstone Group today and take the next step towards reaching your investment goals.
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