Do you have properties that are needing to be leased? Lacking time to start the process of marketing your property for lease? Have you ever heard of property management services?
Property management services are types of service wherein a professional entity acts as the owner in terms of management on behalf of the landlord. Check out the advantages, listed below, which result from outsourcing these services:
1. Less Vacancy Means More Money. Property management services are equipped withthe resources that are proven to be effective when it comes to successfully getting a property leased. They know what type of ads and what channels are more effective in targeting prospective tenants. More importantly, they have better judgment when it comes to the reasonable pricing of your lease, thus giving your property a higher chance of gaining a tenant.
2. Tenant Screening Is More Effective. Your tenants are your source of money and most of the time, your business depends on them, so it is only right that they should be screened out to ensure that they are responsible and follow the lease agreement. They pay on time, follow rules within the vicinity of the property and don’t cause any damage to your property. A property management service company employs systematic background checks on tenants to ensure that they are capable of leasing, and have a good reputation - thus avoiding any possible disagreements with the landlord.
3. Lease Enforcement Is More Efficient. Being a professional entity, property management services are sterner when it comes to imposing the rental agreement and rules upon the tenants. They are able to demand tenants pay on time and can consistently and effectively enforce rules. This type of responsibility is often overlooked when the landlord is the one talking to tenants, because some tenants tend to take advantage of the emotional relationship between them and the landlord. Additionally, having a property management service prevents any personal misunderstandings between landlords and tenants whenever there are conflicts.
4. Fewer Legal Worries. Need to pay your property tax on time? Property management services can actually take care of this for a small fee. Although it could mean anadditional cost, it actually lightens the burden of landlords because they are ensured that there is sufficient deduction when the tax rolls come in.
Moreover, in cases involving the evicting of a tenant, a property management company can handle the situation more professionally, thus leading to a smoother transition for both sides.
5. Efficient Tenant and Property Management. They will manage your property with efficiency. They know where to source the best electricians, plumbers, carpenters, and contractors. A landlord will no longer scan numerous business cards as it is taken care of. The company will surely tap the latest technology that will in turn ease the accounting for, and collection of rent. This will then allow you to focus on the tasks that really matter to you as a landlord.
If you are in Oregon, one such recommended property manager is Duerksen and Associates Inc., a full-service Property Management and Real Estate Company located in Corvallis. With their web-based property management and accounting software from AppFolio, your real estate business will save time and paper by using email to send monthly owner statements, process and respond to maintenance requests more quickly, and residents can pay online! Call Duerksen at (541) 753-3620!
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