Are you still managing your own property alone? Constantly screening tenants, worrying about portfolio management, and tracking expenses? Without help, the stress can become more than one person can bear.
Instead, consider hiring a full-service property management company. An experienced property manager can save you time, money, and stress.
On the fence? Read on to discover the benefits of property management services today!
Find and Vet Tenants
The longer your properties stay vacant, the more money you'll lose. The rental vacancy rate in the US has increased to 6.1%. The best property managers can help you market your listings.
A thorough marketing strategy will help you gain visibility online. You can appear in front of prospective renters and increase applications.
For example, your property manager can hire a professional photographer to capture stunning images of the property. They can list the property on multiple sites, social media, and other platforms. They'll even use dynamic pricing tools to ensure your rental prices are competitive.
Rushing to approve applications could lead you to choose unreliable renters. Your property managers can also develop a tenant screening process.
They'll review each applicant's rental history, credit scores, and employment. They'll choose trustworthy applicants, helping you avoid problems. You won't have to worry about late rent payments or property damage.
Collecting rent from multiple tenants can become time-consuming and stressful. The best property management team will streamline rent collection.
They can use an online tenant portal and allow automatic payments. The portal can charge late fees as well. You'll have one less task on your already full plate.
As part of your portfolio management strategy, you need to remain compliant with local laws and regulations. These laws can change every few months, leading to compliance issues. You could receive an expensive fine if you're not keeping up with these changes.
An experienced property management company will offer legal services. They'll help you follow the latest housing laws, allowing you to avoid penalties and fines.
Maintenance and Repairs
It's your responsibility to provide tenants with a habitable living environment. Under Ohio laws, tenants can withhold rent if you fail to take care of important repairs.
It can become stressful for vet contractors to find reliable professionals. It also takes time to gather competitive bids.
Your property managers can handle repairs for you. They'll gather bids, find trustworthy vendors, and manage requests. They'll ensure tenants receive the help they need in a timely manner.
Managing multiple properties alone can become time-consuming and stressful. Unnecessary stress can have a detrimental impact on your health.
Outsourcing to a property management company can reduce your stress load. Your property managers can keep everything organized while increasing efficiency. With their help, you'll experience better portfolio management.
Dependable Full-Service Property Management
You don't have to continue managing your Akron, Ohio properties alone. Instead, hire a full-service property management team. The best property managers will set you up for success.
PMI Akron Cuyahoga Valley Ral has nearly 20 years of industry experience helping property owners like you. You can depend on our property management services. Contact us today to schedule your consultation.