What if every maintenance project was already scheduled, applicant background checks were complete, and your marketing campaigns were active? What if you didn't have to lift a finger to finish everything on your to-do list? With full-service property management, investing in real estate is easy.
As a real estate investor, there aren't enough hours in a day to get everything done. Only 45% of landlords manage their properties alone, but you don't have to. Read on to discover the reasons many landlords outsource to property management companies!
Find and Screen Renters
You can't trust every individual with your investment property. If you neglect to screen applicants, you could get stuck with a troublesome renter. You could choose tenants who pay late, damage the property, or upset neighbors.
Already, five million households are late on rent. The average arrears is over $2,000. When reviewing your property management options, choose a company that has a tenant screening process in place.
Tenant screening will allow you to find reliable, trustworthy renters. You'll have peace of mind knowing your property managers complete background checks before choosing tenants.
If your vacancy rate is high, choose a company that offers marketing services. They'll ensure your property listings appear on multiple sites. Gaining more online visibility can help you fill vacancies.
Maximizing your occupancy rate will help you reach your full earning potential.
Improve Tenant Relations
As a real estate investor, you may not have time to engage your tenants. Strong landlord-tenant relations can help you retain renters. Your ROI will improve.
Your property managers can respond to tenant inquiries on your behalf. They can boost tenant satisfaction rates, improving your reputation in the industry.
Avoid Legal Issues
Investing in real estate requires landlords to keep up with local, state, and federal laws. Neglecting any new laws and procedures could lead to compliance issues. You may need to pay a fine.
When researching different types of property management, look for companies that offer legal services. Their legal expertise will help you remain compliant.
Keep Up With Maintenance
Neglecting to fulfill maintenance requests promptly could lead to disgruntled tenants. They may decide to take legal action. Your property managers can find competitive bids from local vendors.
With their help, you can keep up with requests and maintain your investment property. Look for companies that use state-of-the-art technology to streamline requests. They'll ensure no project falls behind schedule.
Routine maintenance and inspections can help you avoid more costly repairs or replacements. Keeping your properties in the best shape can help you attract future tenants.
Choose Full Service Property Management
You don't have to manage your investment properties alone. Instead, hire a full-service property management company. Leveraging their expertise can help you succeed as a real estate investor.
Need help with your investment property? Look no further than Round Table Property Management. We tailor our services to each client's needs while treating your home as if it were our own.
Take advantage of our strategic services and put your real estate investment in professional, well-trained hands. Request our Jacksonville property management services today.