Are you still juggling tenant relations, maintaining property, and collecting rent alone? Only 45% of landlords manage their own properties. The rest rely on full-service property management.
Requesting professional services can help you thrive in a competitive market. Not sure which property management services you need? Read on to learn more about how a property manager can ensure your success!
Property Marketing
Without a strong property marketing strategy, your rental properties will sit vacant. Your property manager can:
- Clean and stage the property
- Hire a professional photographer
- Develop a multifaceted marketing strategy
Digital marketing strategies can ensure your listings generate visibility online. Search engine optimization and social media marketing will direct more people to your listings.
It can become time-consuming to manage multiple campaigns alone. Rely on an experienced property manager. They'll create and manage your campaigns to ensure they generate results.
Tenant Relations
The best property manager will engage with tenants on your behalf. Responding to tenant needs can boost satisfaction rates. Higher satisfaction rates can lead to more lease renewals.
Generating more lease renewals will improve your occupancy rate and ROI. If you have multiple tenants, you may struggle to respond to them quickly. They'll look for a landlord who is more responsive to their needs.
Choose a property management company that offers tenant screening services. Many background checks are inaccurate. Your property manager will gather comprehensive reports, ensuring you choose reliable renters.
The best property management companies rely on state-of-the-art technology to remain organized. For example, you can provide renters with access to an online tenant portal. Tenants can send questions, maintenance requests, or rent payments online.
Offering such ease and convenience will improve tenant satisfaction rates. Tenants will want to renew their leases knowing you'll make their lives easier.
Maintaining Property
If you're neglecting maintenance and routine inspections, your investment properties will crumble. Tenants may take legal action if you don't provide them with a habitable place to live.
Your property manager can schedule maintenance projects. They'll gather competitive bids from local vendors. Their services will reduce delays and ensure your properties remain in good shape.
Collecting Rent
Your property manager will help you set a competitive rental rate. Otherwise, you could scare off renters if the price is set too high. You'll lose rental income if it's too low.
They'll streamline collecting rent using an online portal. Tenants can even automate payments.
Regulatory Compliance
You could receive a fine if you're neglecting local, state, and federal laws. Your property managers will ensure regulatory compliance. Their services can help you avoid legal trouble.
Request Full-Service Property Management
Don't waste time or energy managing your rental properties alone. Instead, call a full-service property management company. A professional team can help you thrive in today's competitive real estate industry.
PMI Prime Property uses state-of-the-art technology and award-winning strategies to help owners maximize their profitability. You can rely on our full suite of property management services.
Leverage our 20 years of industry experience to ensure your success. Contact us today for help managing your investment properties.
