How a Property Manager Can Assist Your Renting Efforts

When you have more work than you can handle, consider hiring a property manager to help you take care of all the details that go into renting your properties. Considering the many headaches a property manager can save you, you might discover the extra expense will pay for itself in no time.

Finding tenants

A good property manager can find the right tenants for your vacant rental properties without you having to do the footwork. He or she can handle the advertising of available properties via all the avenues you use, or take on a part of it, such as social media. Your property manager can also show units to potential tenants and process tenant applications, including their background and credit checks.

Property maintenance

Another time-drain for a landlord is property maintenance. A property manager can take the headache out of the process by dealing with the tenant, determining the cause and solution of the problem, and getting repairs handled. A property manager can also make sure that repairs to your property conform to local health and safety codes.

Tenant complaints

One of the least pleasant aspects of a landlord’s jobs can be dealing with unhappy tenants. A property manager can act as the landlord’s buffer zone by receiving and solving complaints, whether they are about other tenants, maintenance or repair issues, or some other aspect of residency. Having someone else on the front line for unhappy tenants can relieve your stress significantly—a priceless benefit.

Rent issues

Processing rent and following up on late rent are duties that can be handed over to a good property manager. He or she can also create financial reports on the property, assessing how well it is performing and whether or not you are charging the right rent for the local market.

Legal details

A good property manager will also be versed in all the legal aspects of renting property, from handling security deposits and eviction proceedings to keeping up with local and federal codes. Their expertise can save you the time and legal fees that make all the difference between being a successful landlord and one who is stressed out, losing money or embroiled in avoidable litigation.

Why be on call 24/7 and have to wear a dozen different hats when you can hire a property manager to do it all for you? The right one can save you time, money and aggravation. Consider whether this is a worthwhile investment for you.