How much do you do alone every day? You're likely juggling maintenance, tenant screening, marketing, and more. About 80% of property managers handle these responsibilities.
Outsourcing tasks will save you time, increase efficiency, and maximize your rental income. Not sure if you need full-service property management? Read on to discover the benefits first!
Reduce Vacancies
Imagine your rental properties sitting vacant for months. You could lose thousands for each unit. The rental vacancy rate in the US is already over 6%.
Filling every investment property with reliable renters will maximize your earning potential. Choose a property manager that offers marketing services. They can:
- Clean the property
- Professionally stage the unit
- Make aesthetic upgrades
- Enhance online listings
- Create eye-catching content
- Leverage paid advertising
- Engage renters on social media
This multifaceted approach will expand your online reach. Gaining more online visibility will open your tenant pool. You'll generate more applications, leading to more occupancies.
Your property manager can even help you retain renters. You can save money on tenant screening and marketing. Instead, you can improve your ROI and have peace of mind.
Tenant Screening
Some property owners focus more on filling vacancies than on who they're selecting. You could choose unreliable, troublesome tenants.
Allow your property manager to establish a tenant screening process. Their reports will include:
- References
- Eviction histories
- Credit reports
- Rental histories
- Criminal background checks
Thorough tenant screening can help you choose the best applicants. Do-it-yourself reports sometimes contain inaccurate information.
Your property manager will ensure you follow anti-discrimination laws. They'll help you remain compliant.
Investment Property Upkeep
Tenants may take legal action if you don't complete maintenance promptly. They may deduct the cost of repairs from their rent or move out. Some may decide to sue.
Ongoing investment property upkeep can help you avoid more costly renovations. Choose a property manager with professional connections.
They'll hire the best local vendors at competitive rates. You won't have to waste time vetting contractors yourself.
Allow tenants to submit requests through an online portal. This will save time and minimize miscommunication.
Worried about pets causing property damage? Your manager can help you weigh the pros and cons.
Legal Compliance
As a landlord, you're responsible for tracking new housing laws and regulations. Failing to remain compliant can lead to fines and lawsuits.
Your property manager can ensure your legal compliance. They can help you avoid legal consequences.
Increase Rental Income
The best property manager will offer different types of services that align with your needs. They can use proven strategies to increase your occupancy rate.
Relying on their expertise can help you maximize your earning potential. You'll have peace of mind that a professional is taking care of your investment property.
Request Full-Service Property Management
Don't manage your investment property alone anymore. Instead, rely on full-service property management. With help, you can gain a competitive advantage in today's real estate market.
Leverage PMI Putnam's 20 years of industry experience. We use state-of-the-art technology and proven strategies to support our clients.
Discover how we'll maximize your profitability. Contact us today to meet your property manager.
