When you are renting properties, your life can be filled with potential headaches. Tenants who call day and night over the smallest issues, chasing down rent, or worse the costly legal trouble that goes along with the eviction process. You don’t have to deal with those kinds of issues all alone. You could hire a property management company to help. Most competent property management companies can provide a wealth of benefits for you and your tenants.
- Better quality tenants
- Shorter vacancies
- Rent collection
- Repairs and maintenance
- Eviction assistance
A Better Quality of Tenant
When you rent out a home or apartment you are entrusting your property to someone else. You want to make sure that the person you are trusting will treat your property with respect and not damage it beyond reasonable wear and tear. You are also expecting to be compensated each month on time. When you have trustworthy tenants, you don’t need to worry about these things, and hiring a property management company can help you find them.
The manager will advertise, screen potential tenants and do background checks, call references, and perform credit checks. The property manager can even show the property to interested parties, so you don’t have to. An experienced property manager will know how to spot potential red flags and avoid troublesome renters before they sign the lease.
Sometimes it is hard to be the bad guy. Knocking on doors, sending letters, and threatening tenants is never fun. When you work with a property management company, you don’t have to be the one to hunt for late rent or impose extra fees, while tenants feel like the management company is just doing their job. Let the company be the bad guy, while you sit back and collect the rent.
Repairs and Maintenance
Rental properties must be maintained, and unless you are a pretty good handyman that means hiring professionals. This is a cost that adds up quickly. When you deal with a property management company you gain access to their in-house maintenance workers, as well as contractors that have already been proven to provide quality work at a reasonable price. You save time and money over looking through the yellow pages for a contractor.
Without a doubt, the best part of working with a property management company is freedom. You don’t have to be available in the middle of the night to deal with a broken pipe. You don’t even have to live in the same city or state as your tenants! You can move around, travel, and enjoy your life while collecting the additional income.
If you have a property to rent out, Katy Property Management can help! Give us a call today at 281-398-9844.