Benefits of Hiring a Property Management Company
For most property investors, the goal is to have your property occupied by tenants at all times. But the more tenants you have, the harder it becomes to keep up with all of their rental and repair needs.
If you’re beginning to feel overwhelmed, it may be time to consider hiring a property management company. These professionals focus on your property and tenants to make sure both are cared for, and to free you up to do more of what you love.
Here are some benefits of hiring a property management company.
Related: 4 Key Questions to Ask Your Potential Property Manager
Keep it Professional
A property management company gives you space from your tenants, allowing for a professional boundary. This allows you to remain more objective in your decision making and keeps your tenants from bothering you on a daily basis about repairs, leases, or any other issue.
On the Hunt
Property managers are quick to fill units as they become vacant, relieving you from the task of searching for tenants and screening new applicants. They know all the tricks to getting your vacant unit out there and noticed, and often have a new tenant signed even before the old ones have moved out, ensuring you have a steady stream of rent into your pocket.
Expert Knowledge
Property managers are well trained in screening tenants for red flags such as prior evictions, low credit scores, or criminal backgrounds. They’re also familiar with all aspects of the law that might come into play in an investment property — if you and your tenant have a dispute over the terms of a lease or if you need to evict a tenant, a property manager will know how to handle the situation.
Repairman on Duty
A good property management service comes equipped with an address book full of trusted contractors and handymen, and can schedule someone to come out and fix issues that crop up at almost a moment’s notice. This saves you the hassle of running back and forth from unit to unit fixing faucets and locks and hot water heaters.
No Money, No Problem
Property managers stay on top of rent for you, collecting and depositing it at the appropriate times. And if you’re unlucky enough to have tenants who skip out on paying their rent, don’t worry — a property management company is trained in tracking them down for you. They also usually come equipped with plenty of accounting experience to properly handle your investment.
Related: Things to Look for When Picking a Property Management Company
Thinking of hiring a property management company? Put us to work! Give Real Property Management Evolve Tucson Tucson a call at 520-883-RENT.
