If you want to rent out your home, consider using a property management company. As a landlord, you would be expected to handle an array of issues and you may not have the time or expertise to do so effectively. An experienced property manager takes these responsibilities off your hands and provides many additional benefits.
Industry professionals will help prepare and market your home
Property managers possess local real estate knowledge so they can help you decide the appropriate rental price. At Windermere Property Management/West Sound, we schedule a site visit to determine your home’s potential as a rental property. We identify any conditions that need to be addressed before leasing your home. With a professional at your side, you won’t have to worry about showings, marketing your property, or making time for interested applicants’ emails and calls.
The best tenants are found for you and it’s hassle free
Reviewing applicants’ paperwork and doing background checks can be overwhelming. A property manager does this for you. He/she is more likely to identify potential red flags. A professional also helps you avoid any rental scams. Great companies have access to excellent tenant screening software that streamlines the process. Within minutes, they’re able to conduct a standard background check, a credit check, and a scan of rental payment history. Managers also know what positive qualities and details to spot in order to find good tenants.
Property managers address tenants’ concerns so you don’t have to
Great property managers are responsive, available problem-solvers. They have access to licensed, insured, and bonded contractors to handle maintenance requests and repairs. Many property management companies have an online work order system and they keep homeowners in the loop with real-time updates.
You won’t have to directly deal with potential legal conflicts
The tenant-landlord relationship can be tricky to navigate. But if you hire a property manager you create a buffer. Property managers know how to professionally address conflicts and they are well versed in landlord-tenant laws and fair housing laws. This can help you avoid potential legal issues and a lot of stress.
Maintain or increase your property value while you’re away
Property managers can help you identify maintenance issues. A small problem can easily snowball into a much bigger, more expensive one. Preventive maintenance can increase your property’s value and good property managers know this. They oversee regular maintenance checks and inspections, providing detailed documentation to keep you informed.
Day-to-day property management isn’t for everyone — in fact, it isn’t for most. If you simply want good tenants, rent paid on time, and no hassles or extra time commitments, use a high-quality property management company. You can enjoy the freedom of living where you want knowing that experienced professionals who value your property are handling everything.