If you need to rent out your house or you are an owner for a few investment properties; one question would cross your mind at least once, “Do I need to use a property management company?” Everyone knows how difficult it can get when you have to manage your properties – especially in the long term. Perhaps you can still manage to handle one property, but what if you have more? Not sure about the benefits of a property management company?
Many property owners are hesitant in hiring a property manager because they’re afraid it might be costly. However, it’s the opposite! Hiring a property manager is actually more cost-effective, especially in the long run. A property manager does more than just collecting the rents of your tenants. Hiring one would actually bring more advantages than disadvantages to property owners.
Now, if you’re still wary about whether or not you should hire a property manager, we’re here to help you out. Today we will be writing on the benefits of using a property management company.
1. Rental Management Service
We can all agree that the process of tenant screening is the most tricky and complicated. This is especially if you are not quite knowledgeable in the industry of real estate. If you decide to do it on your own, there’s a possibility that you might choose tenants which are challenging to deal with. This is when using a rental management company comes in handy!
By hiring a property manager, you can save yourself from all the headaches. Experienced property managers who handled thousands of tenants before would know how to choose the right tenant for your property. A good quality tenant will always pay their rents on time, and in general, will not cause any problems for the owner. Thus, everything will go smoothly for you, as the property owner.
Not only will the property manager handle the tenant screening, but they will also help you in the rental collections! Now, we all know how crucial it is when it comes to managing money; and we only want the best person to handle it. Property managers know best on how to handle rental fees, even late ones! They also know how to handle an eviction process legally, if needed. With a property manager helping you, it can save you from all the unnecessary stress.
2. Makeover Service
Property Management Companies also offer their clients with makeover services. This service is to ensure that a property owner wouldn’t have a hard time renting out their property. It will be easier to find a tenant when your property looks attractive with a strategic approach to appeal to potential tenants.
For the makeover service, the property management company will send out their skilled interior designers to do the job. You won’t have to worry much because they will surely do a fantastic job of transforming the spaces! Thus, this can help to increase the price and potential of your property.
3. Mover Service
When you decide to use a property management company, your tenants will be able to experience the mover service provided. Pretty sure we can all relate to the hassle of moving our belongings to a new home. Well, by hiring a property manager, you have access to their mover service.
For the mover service, they will provide transportations for your tenants to move their stuff. With these transportations, it makes it faster for the tenants to move in. The quicker the tenants move in, the quicker it is also to rent out your property! It’s a win-win situation for the property owner, property manager and the tenants.
4. Housekeeping Service
Everyone loves a clean house; which is why the property management company offers housekeeping services for their clients! Not only is it beneficial for the property owner, but for the tenants of the property, too. These housekeeping services will make them feel comfortable and happy living in your property.
The property management company will make a schedule for their housekeeping services, so you can expect them to clean up your property quite often. This way, the value of your property will maintain. Your tenants might also consider staying there for the long term – you won’t have to stress about finding new ones.
5. Laundry Service
Laundry service is also one of the benefits of using a property management company. They offer tenants with laundry services which can maintain their hygiene. This service is also convenient; considering how some tenants might get too busy to do their laundries. Therefore, this service can make your tenants feel happy and satisfied living in your property. A happy and satisfied tenant leads to long-lasting tenants.
6. Repair and Maintenance Service
A well repaired and maintained property will definitely make any tenant stay longer and happy. Well, the tenants won’t be the only ones happy, the property owner will be too! By hiring a property manager, directly, you’ll have the permission to use their experienced contractors. These skilled contractors will come frequently and do any necessary repairs and maintenance to your property; ensuring everything in your property is in good shape.
This frequent repairs and maintenance will actually save costs in the long term. When the property is in good condition, you won’t have to face extreme damages in the future, which will cost you more. Furthermore, these contractors are always up and running 24 hours. So, if the tenant calls up late at night because of an emergency, your property manager will handle it for you. Therefore, you have nothing to worry or stress about!
All of those are the benefits you’ll get when you hire yourself a property manager. If you’re unsure of which property management company you should seek, Rumah-I would be the right choice for you. We ensure that your property will always be in good hands and well managed with the services we have to offer. Contact us for any further enquiries.