4 Ways A Property Management Company Can Save Your Sanity As A Landlord
Posted on: 30 August 2017
Whether you've recently acquired a large rental community or are even just looking to rent out a home as an income property, one fact remains: managing a residential rental property is a full-time job. From finding and screening tenants to handling rental payments and maintenance requests, being a landlord isn't something you can easily do "on the side." In fact, many landlords choose to hire a residential property management company to keep operations running smoothly and to save their own precious time.
There are countless ways in which a residential property management company can save your sanity as a landlord.
Keep Grounds Looking Great
Maintaining the grounds on your rental property is up to you, unless you've specifically outlined in a lease agreement that the tenants are responsible for it. This also applies to common areas, such as courtyards or easements. When you hire a property management company, they will take care of the mowing, landscaping, weeding, and all other aspects of keeping up with your property's curb appeal so you don't have to.
Take Care of General Repairs
Many property management companies also provide general repair and maintenance services, handling specific maintenance requests from your tenants. Whether it's a broken garbage disposal or a missing window screen, your tenants will enjoy the convenience of having maintenance crews readily available and you'll enjoy the peace of mind in not having to scramble for a handyman every time you receive a maintenance request or lock-out call.
Collect Rental Payments
Property management companies also take care of collecting and depositing rental payments, which is especially helpful when you have a number of tenants from which to collect. Furthermore, if a tenant is late on a payment, your management company can reach out to them on your behalf, saving you that awkward phone call or knock on the door.
Find and Screen Tenant Applications
Finding quality tenants isn't always easy, but a property management company can handle everything from bringing in prospective applicants to screening their individual applications. As a result, you can rest assured that the people living in your rental property have met your requirements.
These are just a few of the more compelling reasons to consider hiring a property management company for your residential rental. Doing so will cost you some money each month, but the amount of time, funds, and stress it will save you will make it worth it!
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