How Can Use A Property Management Company Benefit You?

By Author: Lofty Property Management
Total Articles: 4
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Owning a rental property is an excellent source of additional income. It does come with extra responsibilities, such as managing the property, repairing any problems as they arise, keeping it in good condition, and marketing it when it comes time to find a new tenant. Using a property management company can reduce frustration and stress, saving you valuable time, energy and money.

One of the main benefits of using a property management company is that they find you a suitable tenant, which includes screening the tenants to eliminate any problems. Experienced property managers see hundreds of applications and they are quick to pick up on red flags when reviewing potential tenants. They can easily identify good tenants, such as those that pay their rent on time and take care of the property they are staying in. All tenants go through a thorough screening process to reduce the risk of problems down the line.

When using a property management company, you don't have to deal with any tenant concerns, the property manager does that for you. If something breaks or is wrong with the property, you don't have to deal with ...
... the tenant calling you, they call their property manager. Property management companies often offer a twenty-four-hour emergency service to address any problems and arrange a service provider to repair or replace the problem item, whether it's the boiler, stove, or a leak in the bathroom.

It's not uncommon to get a tenant that will always complain. They may have noisy neighbors or a neighbor that allows their dog to bark until all hours of the night. You will not have to deal with these ongoing calls, that is the property management company's problem.

Reputable property management companies use state-of-the-art technology to list your rental property to potential tenants. They have the knowledge and the skill to write appealing rental adverts and take high-quality photographs. They will meet with tenants to enable them to view the property. They have the real estate knowledge to set the best rental price to offer you a good return on investment while appealing to potential tenants. They can reduce how long your property sits vacant, ensuring a high occupancy rate.

When you use a reputable property management company you decrease the risk of a high tenant turnover. They can keep tenants happy and are responsive to problems, taking care of the problems as and when they arrive promptly. When you have a happy tenant, they are less likely to want to move and look at other properties for rent in the area. A happy tenant is also happy to renew their lease at a rental increase.

A major problem that many landlords have is finding a tenant that will pay the rent on time every month. Property management companies deduct their commission from the monthly rental, so they ensure that the rentals are paid promptly. Any late payers are quickly chased up, so you, as the landlord, get your money as quickly as possible.

Using a property management company with experience and knowledge of rental properties in your area, you will find that any legal issues are reduced. The property manager has excellent knowledge and understanding of landlord and tenant laws, along with fair housing laws, helping you avoid potential legal problems, and saving you valuable time, energy and money. They will take care of lawyer fees associated with evictions or property damage issues.

About Us: Lofty Property Management is a full-service property management company catering to residential property rentals throughout San Diego. This very well-established company provides superior service to property owners and tenants with fast rental rates and high rental income. The company has an experienced team of property managers using cutting-edge technology to ensure maximum advertising and fast occupant. Tenants are thoroughly screened, enabling property owners to use their services with confidence. Lofty Property Management offers a twenty-four-hour emergency service and has had zero evictions in the past nine years. To find out more, visit https://loftypropertymanagement.com.