According to industry experts, outsourcing landlord responsibilities to a property management company can remove much of the hassle that comes with renting your investment properties.
Keeping track of the monthly payments, potential complaints, and general administrative work are time consuming aspects that can easily cut into the available time you have to grow your investments. In order for our company to better serve our clients in all areas of their real estate needs, Hayden Real Estate has a property management specialist.
Sherrie Evans, life long resident of Stephenville, is currently responsible for over 40 properties. She manages property for a wide range of owners, from one property to multiple property investors which includes commercial properties as well. Here are 6 ways Sherrie can help you add significant value to your real estate investment.
An experienced property management company has seen numerous applications and can quickly find and analyze important information for deciding whether or not an applicant will, in turn, be the right tenant for your property. A thorough
screening process results in reliable tenants to that pay on time, rent longer, cause less wear and tear on the unit, and generally cause less problems overall.
A good property manager has the knowledge of the latest landlord-tenant laws and can ensure that you are not leaving yourself vulnerable to potential lawsuits.
Property managers help you perform 3 critical tasks that will affect the length of vacancies: improve and prepare the property for rent, determine the best rent rate, and effectively market the property.
The way rent and late fee collection is handled can be the difference between success and failure as a landlord. Collecting rent on time every month is the only way to maintain consistent cash-flow and tenants must know it is nonnegotiable.
Hiring a company who can effectively manage your property can mean less stress and more freedom for the owner while still maintaining the investment’s value.
The turnover process involves cleaning, changing locks, painting walls, and possibly new carpet and small repairs, as well as the effort that comes with marketing, showing, screening and selecting new tenants. Having a good management company in place will allow for lower turnover rate by providing better tenants and keeping them happy and well cared for.