Peter Drivas There are several benefits that can lead homeowners to hire property management services. Here are the benefits of using property management:
Avoid troubled tenants
The property manager handles the selection of tenants. An experienced property manager sees hundreds of requests. Your trained eyes will notice potential red flags when checking an applicant's documentation.
Peter Drivas Market your rental
Property managers are experts in rental marketing. They are proficient in tasks such as writing rental announcements, holding open houses, and taking high-quality photos. Hiring a manager with marketing experience can help reduce the amount of time the property sits vacant.
The property manager receives the concerns of the tenants
If something breaks on your property, a property manager can address the issues at any time of the day. In this way, you can urgently contact a professional to repair the damaged area of the property.
Peter Drivas Reduce tenant turnover
A good property management service knows how to keep its tenants happy. For their part, happy tenants are less likely to find another place to live. They are also better willing to accept reasonable rent increases.
Ensuring rent is paid on time
Collecting rent can be a common problem, as the average tenant spends 29% of their income on rent. Property management companies help in this regard.