If you are new to owning a rental property, you are probably feeling a little overwhelmed. You may be wondering if you can manage the property all by yourself. While that is certainly a possibility, there are several reasons why rental property management services may be the better option.
- Fewer Vacancies. Proper marketing strategies can attract a huge pool of candidates very quickly and keep you from losing money on vacant rental units. Experienced rental property management services have the necessary skills for writing compelling rental ads and taking professional photos, and they know how to host an open house to successfully showcase your rental.
- No Bad Tenants. Rental property management services have an eye for spotting bad tenants. An undesirable tenant can cost you money by causing property damage or failing to pay rent. Proper steps must be taken to help ensure that you are getting a quality renter. Employment verification, credit checks, criminal reports and information from previous landlords can increase your chances.
- Rent Collection. Rental property management services are equipped to handle all situations pertaining to monthly rent collection. Take a load off your back and let them ensure that your tenants follow the lease agreement, which includes payment guidelines and late fees.
- Property Repairs. Rental property management services can save you a considerable amount of money on maintenance and property repairs. They have a professional and experienced maintenance staff and access to bonded, insured, and licensed contractors who typically offer discounts for a consistent workload.
These are just a few reasons why hiring a rental property management service could be the best business decision you will ever make. If you would like more information, please give us a call at Property Valet today!