Benefits of using a Property Management Company

 

Higher Quality Renters


It is certainly possible to get a bad tenant out of your home once they are in, but it’s a real hassle and you are so much better off never accepting them in the first place. A thorough screening process results in reliable tenants that:

  • Pay on time
  • Rent longer
  • Put less wear and tear on the unit
  • Generally cause less problems

We have seen thousands of applications and know how to quickly dig for the real facts about candidates and analyze that information for warning signs. By allowing us to handle the screening, you will also be shielding yourself from rental scams directed at owners, and discrimination lawsuits resulting from an inconsistent screening process. This kind of experience takes time, and insomuch as it means avoiding bad tenants, scams and lawsuits it is arguably one of the most significant benefits a property management company will provide.

Fewer costly and time consuming legal problems

Veteran landlords know it only takes one troublesome tenant to cause significant legal and financial headaches. We are armed with the knowledge of the latest landlord-tenant laws and will ensure that you are not leaving yourself vulnerable to a potential law suit.

Shorter vacancy cycles

A property manager will help you perform three critical tasks that affect how long it takes to fill your vacancies:

  • Improve and prepare the property for rent
  • Determine the best rent rate.
  • Effectively market your property

Better tenant retention

While it’s easy to see the effects of lost rent, there are other equally serious problems with a high tenant turnover rate.  We have a time-tested tenant retention policy that ensures happy tenants with lengthy stays in our properties..

Tighter rent collection process

Collecting rent on time every month is the only way to maintain consistent cash-flow, and your tenants need to understand this is not negotiable. We will be the bad guy who has to listen to excuses, chase down rent, and when necessary, evict the person living in your property.

If you let them, your tenants will walk all over you. We have to be trained to follow every part of the lease or deal with the consequences. As property managers have an advantage because tenants realize that we, unlike the owner, are only doing our job and are obligated to enforce the lease terms.

Assistance with taxes

We will as organize the necessary forms and documentation to make tax claims. Additionally, the property management fees themselves are also tax deductible.

Increase the value of the investment

Preventative maintenance is achieved through putting systems in place that catch and deal with maintenance and repair issues early on, before they grow into larger more costly problems. This requires a written maintenance check program, detailed maintenance documentation and regular maintenance visits. We can also offer you suggestions and feedback on upgrades and modifications, both how they will affect the rent you can charge, as well as their impact on maintenance and insurance.