In 2016, more than 36.6 percent of households rented their home or apartment. And individual landlords own and manage many of those units.
This is fine if you’re a property owner with little to no other responsibilities or jobs. After all, scheduling maintenance appointments, finding tenants, and handling emergencies take up a lot of time.
But if you own rental properties as a side business, the strain on your time can be too much.
Hiring a dedicated service for property management in Casa Grande is one of the best investments landlords can make.
Here’s how a property management company can help.
Finding a reliable tenant means combing through applications, comparing credit scores, and checking references. This means hours of work for you just to find someone to lease the unit.
When you hire a property management company, you won’t have to. The team handles the tenant screenings, showings, credit checks, and any other checks that need handling. You’ll have more time to devote to other things like your day job, your family, or just relaxing.
Market rates change every year. And though you want your property to be competitive, you don’t want to price it too high.
Great property management services understand how to price your home so it rents while earning enough to make the lease worth your while. They’ll help you set the rental rates and increases at the end of the lease term as needed.
When you handle your own property, you’re stuck paying market rates for repair services, cleanings, and routine work orders. But when you work with a property management team, you might save on those costs.
Companies contract with the same provider across the properties they manage. This lets them get a better (and lower) price for most services. Think of it as a volume discount.
When you’re on your own, getting that same discount is difficult if not impossible.
Nothing is worse than waking up in the middle of the night to an emergency maintenance issue. But when you manage your own properties, you’re the only one your tenants can reach out to.
With a property management company, those emergency maintenance calls go to them. This means you’ll be able to sleep through the night and your tenants will get the emergency dealt with quickly.
Taking care of rent collection means waiting on your tenants to mail you a check or tracking them down to pick up the payment in person. When you’re juggling an already busy schedule, it’s more trouble than it’s worth.
With a rental management company, you won’t have to worry about collecting rent payments or checking the mail every day. They can even set up different payment options to give your tenants greater flexibility.
Being a landlord doesn’t have to be stressful. You just need to know when to ask for help.
Contact us to schedule a consultation and see how professional property management in Casa Grande can make your rental business more efficient.