**This article originally published on September 21, 2018, and was updated on February 28, 2021.
What does a hot air balloon have to do with being a property manager in Grand Rapids? It’s simple: knowing how a hot air balloon works can make you a better one.
The Property Owner and The Envelope
The envelope of a hot air balloon is the actual fabric that holds the hot air. Without the balloon envelope, you can’t gather the hot air to achieve liftoff.
In the world of property management, the envelope is similar to the property owner. They are the ones wanting to rent out their home but not wanting the hassle of being a landlord. This creates space for property managers to take over. Careful rental property investing makes that strong envelope needed for a great flight.
The Tenant and The Burner
A hot air balloon would not function without the burner working to create and propel hot air into the envelope. Without the burner, you have a flat balloon that won’t fly. The tenant is the burner. We’re not saying they’re full of hot air; we’re saying that they fill the envelope–the property owner’s home. Quality and qualified tenants are what keeps the property investment business going. Without the right tenants, you are stuck with many days of vacancy, stress, and a business plan that can’t get off the ground.
The Basket, Pilot, and Property Manager
The basket of the hot air balloon is where the pilot and any passengers stand. The pilot steers the balloon by firing the burner at regular intervals to ensure stability.
At Real Property Management Investment Solutions, our property managers are like the pilot. We keep the property owner’s business on the rise by finding, screening, and placing tenants that will continue to fill the home. Property inspections and regular check-ins with the tenant keep the relationship going smoothly. When it comes time for a tenant to move to a new home, we help the property owner find a new tenant without a long vacancy.
If you are struggling to get your investment property off the ground, it may be time for you to find a new pilot. Real Property Management Investment Solutions has nearly 30 years of experience helping property owners manage their rental properties. Find out how we can help your business get off the ground and stay there!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.