Managing a property in Avondale is stressful, especially if you own more than one or have needy tenants. More than likely, you want the ability to profit off of your rental units without the stress of dealing with maintenance, rent collection, and marketing.
As the owner, you shouldn’t be expected to be a leasing expert, accountant, advertiser, and home repairman all in one.
You may solely want to rent out your unit in order to earn passive income, or you may manage so many properties on your own that it’s getting too hard to juggle everything at once. As a trusted property manager in Avondale, we know how much relief hiring a company can be.
Still not sure it’s the right move for you?
We gathered the six advantages to hiring a property manager below.
Less Stress
One of the main reasons to hire a property manager in Avondale is to make your life easier.
Managing a property can quickly snowball into too many responsibilities for one person, especially if something goes wrong or if the market isn’t doing well as a whole. Hire a professional property manager to ensure that everything is running smoothly and so that you don’t have to be on call 24/7.
A property management company can help with everything from sourcing tenants to filling maintenance requests.
Hiring a property manager doesn’t mean that you don’t know how to do your job; instead, it means that you know everything that goes into running a rental and don’t want to deal with all of the details.
Don’t carry the weight of the tenant’s livelihood on your shoulders just to save a few bucks (later in this article, we detail why hiring a property manager actually makes you more money in the long run).
Full-Service Leasing and Rent Collection
Managing leases and rent are two of the biggest responsibilities of a property manager. With our services, for example, your dedicated leasing agent provides tenants with a legally approved leasing agreement that details how much they owe, what is expected from them as a resident, and what is owed to them from the property manager and owner. From there, we collect the deposit and fees, as well as continuing to collect monthly rent over the course of their lease.
Save yourself the headache of making sure rent is paid on time or having to deal with late checks by using a property manager with a secure system in place.
In order to comply with the rules of rent and other fees, you need to be well-versed in landlord-tenant laws and make sure nothing falls through the cracks. Hiring a property manager ensures that someone is double-checking all payments and providing accurate documentation that will hold up in court if it ever comes to that.
Tenant Relations
A good relationship with tenants is incredibly important; you want renewals, good reviews, and to avoid dealing with unhappy residents. As experienced property managers in Avondale, we make sure to keep residents satisfied with timely, excellent customer service.
If a tenant has a complaint, you need someone to respond immediately and hear them out. If they are having trouble reaching someone, especially with an emergency maintenance request or a roadblock to paying rent, a property management company can communicate on your behalf and resolve the issue without you having to lift a finger.
Service Management
The many moving parts that come into play when managing a property can be stressful. Hiring a property manager in Avondale will allow you to focus on earning money from your property without having to get down in the trenches yourself.
If you have to fix a broken faucet, replace a gate, deposit a check, keep track of expenses, and market one of your units all in one day, that’s a full-time job. Instead, you could hire a property manager to take care of all those things for you.
A property management company will have a system in place that allows them to keep track of all of your property’s needs. For example, instead of calling around for maintenance quotes or trying to fix the issue themselves, a property manager will have a list of contacts ready to go. The same goes for accounting and marketing services, both of which we offer at Real Property Management.
Rules and Regulations
Like we briefly mentioned in the section on leasing and rent collection, it is very important that a landlord knows all of the rules for owning a property.
The lease needs to include all of the terms and what will happen if either party breaks them. The building itself needs to be up to code. Residents need to be treated fairly. A property manager in Avondale knows the local laws and will make sure that everything complies.
This way, you don’t need to sweat about forgetting anything and risking legal trouble. Let the property manager check on your property and lease agreements as well thoroughly communicate with tenants so that everyone involved knows what is or is not a violation of the rental agreement.
Make More Money
A final reason to hire a property manager in Avondale is to make more money.
This may seem counterintuitive; after all, wouldn’t hiring someone mean that you make less?
Truthfully, with someone keeping your operation organized, you are actually much more likely to not only gain or keep tenants but also be able to charge a better price.
If you are trying to do too much on your own, it’s likely that part of the rental process is being neglected, whether it’s the actual structure, the tenants, or your own health. Allow a property manager to help take care of the property, attend to the tenants, and free up your schedule so that you can focus on whatever part of the property needs you most.
When hiring a property manager in Avondale, you want to make a good decision. After all, hiring the wrong property management company will only add to your stress.
Want to ensure that your property is in good hands? Connect with us today to get started with Real Property Management.
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