|Bookmark this page! |
If you are a landlord, you know that sometimes tenants demand more than you can deliver. High end and corporate clients expect prompt responses 24 hours a day, 7 days a week, leaving to worry if you can even go on holiday. If you're a private individual without a lot of resources, you may even be starting to think that it's not worth the effort. Before you sell your rental property, however, you should consider professional property management.
There are a number of property management companies that can help you deal with tenants and any problems that arise with the property. Property management services offer peace of mind, relieving you of the stress and time commitment necessary for being a full-time landlord. These companies also offer rent collection and credit control services, plus maintaining positive relationships with your tenants. They can also assist with administrative tasks and provide a 24-hour emergency services for your tenants.
When you have a vacancy, property management services are there to help fill the vacancy as quickly as possible. After all, the longer your property is vacant, the less return you receive on your investment. They can take professional photographs and develop interactive floor plans your property, include your property on their web site, place adverts, and check references. Other lettings services include helping you set a fair market price for your rental and pre-rental safety inspections. They can also conduct the property tours for prospective tenants.
Ongoing management services can include managing deposits and arranging for repairs and maintenance. They can even vet the contractors, ensuring you receive quality workmanship at competitive prices. Some companies will arrange for a complete inspection annually, providing recommendations for improvements or repairs, minimising the cost of future repairs by being proactive.
Once you have booked the services of a professional property management company, all you have to do is sit back and reap the benefits. No more late-night calls with plumbing emergencies, no more stress of trying to fill a vacancy. The right property management company will be well worth their fees, leaving you worry-free and able to enjoy life.