Archives for March 2019

Great Benefits of Enlisting the Help of a Property Management Company

Do you consider yourself to be a landlord whose hands-on or would you like to just get the benefit of having an investment property without having to deal with maintenance and repairs calls at the weekend or the monthly expense and income management? Would you prefer having someone else help you deal with the finer details and all the management involved in owning a rental property? You may want to enlist the help of an experienced and professional rental property management.

If you’re still not sure, then here are five benefits that may convince you.

Screen for Problem Tenants to Avoid

Having experienced property management on your side, means that you get years and years of experiencing in dealing with thousands and thousands of tenant applications. Having those trained eyes on that can make the process of screening tenants easier, as they will know the prospective issues and red flags to look out for when looking at applicant’s information. Overall, this will ensure you’ve got the best chance of gaining reliable tenants.

Port of Call For when Tenants Have Issues

If something gets damaged at your rental property, it may not always be possible or convenient to drive out and check it out by yourself. Especially if your rental property is not in the same place as your home. Havin a property manager in place though, means that your tenants have a port of call that they can contact to field issues and report damages and repairs, regardless of the houses of day. They can also take responsibility for arranging suitable inspections, repairs and replacements.

Furthermore, if you have tenants that always seem to complain, property managers become your ears meaning you don’t have to deal with listening to their moans and groans.

Reducing Turnover of Tenants

Experienced property managers have extensive experience in ensuring that tenants are kept happy and satisfied. They know how to be responsible, proactive in dealing with issues and always available. When your renters are happy, they’re far less likely to look elsewhere for a different property to rent.

Making Sure Rent is Always Paid on time

As the fees for property management teams tend to be taken from monthly rental payments, they are motivated to ensure those payments keep coming in regularly. Rent collection can be one of the biggest bug bears and headaches for newbie landlords. By handing the responsibility over to an experience team, you not only can ensure that your rent is paid on time, but that you don’t have to deal with tenants who refuse to or who have any multitude of excuses for why they can’t. Property management teams have the relevant expertise for dealing with these situations and are even well-versed in how to handle eviction notices when necessary.

Although you may want to do it all and reduce the outgoings on your rental property, we hope you can see the real benefit of investing in the help of a team that knows exactly what they are doing.