When you rent your property, you have the potential to make an impressive passive income. But it may not feel passive!
When you're busy fielding calls and managing your property, you have little time. Feeling swamped with calls about a burst pipe and late payments? Struggling to manage a busy schedule of apartment viewings and inspections?
If this sounds familiar, it's time you consider property management services. With a full-service property management company, you'll rest easy.
From managing tenant turnover to repairs, your property manager handles everything for you. Read on to learn more about why a property management service is worth every penny.
Property Management Services Saves You Time
Working with tenants can be one of the most stressful parts of owning property.
If your tenants move out, you'll need to find a new one to replace them. Time is money, and the quicker you move the quicker you'll see the benefits.
Luckily, property managers are great at local marketing. They'll know just what to do, from email marketing to local networking to attract a new tenant. With their local marketing efforts, you won't lose money on vacant units.
A property manager will help you choose reliable potential renters. California rent is on average nearly $700 more than anywhere else in the country. You'll want to make sure the tenants you'll have moving in can afford rent.
Once you find the right tenant, your property manager will arrange viewings. They save you time by showing potential renters your property.
A premier property management company helps with your day-to-day responsibilities. Your property management company serves as a liaison between you and your renters.
You have options when it comes to collecting rent. Your property manager will advise you on this and arrange it for you.
They'll also be the first response to maintenance issues. If there's a burst pipe or leaking roof, they can help.
Property managers have a reliable local network of repair people. They'll arrange a quick repair. You'll have happier tenants, and be relieved you're not involved in day-to-day repairs.
Leaning on property management services offers you a buffer between yourself and tenants. You may own property, but you shouldn't have to spend 24/7 tending to your renters.
A property manager will step in and handle evictions for you. They can also conduct yearly or quarterly inspections for you.
Their help allows you greater freedom. If you want to leave the San Diego area, you'll know your property manager is close by and there to help your tenants.
Benefit From Working With a Property Manager
Now you know just a few of the many reasons it pays to hire property management services. Your property manager will take on the day-to-day work for you. They'll be a friendly, professional contact for your tenants.
They will maintain your property for you and handle financial transactions. Whether you're close by in San Diego or traveling, they'll save you time and energy.
Interested in seeing how we can help you with your property management needs? Get in touch with us, we'd love to hear from you!