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.
