renatal property management

Top Reasons Renters Prefer Renting with Property Management Companies

Deciding to invest in rental property is a big move but knowing that there are many property management companies available to help can be comforting. Keeping good tenants while taking care of your investment can be difficult, but hiring a good property management firm will take care of the majority of the challenges. If you’re thinking about becoming a landlord, deciding to hire a property management firm to help take care of your property and keep tenants satisfied is often the smartest decision.

Top reasons renters prefer renting with property management companies

More options and convenience

Property management companies have access to more rental properties than a single owner which gives tenants greater choice and the convenience of one-stop renting. Once a potential renter is approved by a property management company he or she may choose from a variety of rental properties; saving time, money and inconvenience.

They understand both sides of the renting equation

Professional property management companies understand the point of view of both the renter and landlord since attracting and retaining good renters by taking care of property and tenant needs are at the core of their mission.

They take care of the yard work and outside spaces

Making sure that the yard and exterior of the home are well maintained can be time-consuming. Most property management companies take care of lawn mowing, snow shoveling during the winter months and even planting and maintaining flowers and trees to enhance the landscape. Property managers also hire contractors to wash outside windows, maintain neighborhood parks, power-wash walkways and re-paint siding. All of these services take a burden off of the renter and keep the area looking pleasant.

Pay online quickly and efficiently

Many property management companies offer the benefits of a tenant portal to renters. Here they can quickly and reliably make an online payment, submit maintenance requests, review the terms of the rental agreement and more.

All renters are treated equally and fairly

Property management companies use standardized lease agreements and acceptance processes. These practices ensure that all renters pay the same rates, that rental increases are consistent among tenants and that tenants know what to expect. Should a company discriminate in its acceptance process, an attorney may be more likely to bring a lawsuit on behalf of the plaintiff(s) against a property management company with many assets compared to a single property owner.

Quicker response to calls for maintenance

For tenants, getting a quick response to a call for maintenance reduces frustration and inconvenience. Property management companies have trusted relationships and contracts with professionals in the maintenance industry who are on call to take care of fixing appliances and other issues such as leaks around the property. Property management companies often have a 24/7 emergency line, unlike most property owners.

If you’re planning on investing in rental property or already own property with existing tenants you can benefit greatly from the professional services of a property management company. Deciding to do so may attract more and better tenants and keep them there for the long-run which saves you money.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

rental property managers

10 Things Rental Property Managers Needs to Know about Renting to Millennials

Rental property managers know that Millennials now comprise an estimated 40 percent share of the rental housing market. A whopping 90 percent of Millennials rent. This group is saddled with student loan debt and faces soaring real estate costs but they may also simply be more comfortable paying rent than a mortgage after witnessing the aftermath of the subprime mortgage fiasco.

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property managers

Top 5 Qualities of Successful Property Managers

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Condo property management

Top 2017 Condo Property Management Marketing Trends

The top 2017 condo property management marketing trends include continued growth in social media tools. The first step to taking advantage of social media platforms is to evaluate and do a complete overhaul or tweak of the property management website or Facebook page.

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rental property

How to Value My Rental Property

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Property managers

Tenant Portal Tips for Property Managers

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rental property management

Top 6 Rental Property Management Tips to Extend Lease Agreements

Your tenant’s rental agreement is coming to an end and you want to keep the good tenants you have known for years. Sending a lease renewal letter to your tenants before the current lease agreement runs out is a good way to let them know you want them to stay.

Top 6 rental property management tips for lease agreements

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rental property

How to Raise the Rent on your Rental Property without Losing Tenants

When you own rental property you are faced with decisions about increasing rent on your tenants. Many landlords resist raising the rent, however, due to fear of tenant reaction or vacancy. Landlords do have to balance the financial benefits of raising rent over keeping a good tenant who pays their rent on time and doesn’t cause any issues. Most landlords do not raise the rent on a whim and only do so when there are underlying reasons. Common reasons for raising the rental price include an increase in property taxes or utility costs, the need for maintenance or remodeling and/or changes in the local rental market.

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property

What you Need to Know Before Buying Rental Property

If you are thinking about purchasing a rental property, it is important to ponder all of the variables involved in such an investment. A property owner should be aware of the potential difficulties associated with managing a rental property.

What you need to know before buying a rental property

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property

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As the owner of rental houses, apartment buildings and other rental property your goal should be maximizing returns from every rental unit. There are steps you can take to maximize rental income.

Top 5 ways to increase rental property income

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