Shady Hills is the site of many residential and commercial rental properties, but managing those rental holdings is a task that’s easier said than done. Property management can evolve into a full-time job, especially when you have multiple tenants in multiple locations. But many of these property owners are real estate investors who would rather spend their time doing other things, such as searching out new investment properties or simply enjoying retirement. It’s these folks who can benefit from rental management.
Shady Hills Rental Management – How does it Work?
Rental management firms typically begin by meeting with the client to discuss their property and their needs for that particular property. You may opt to have the management firm tend to any and all issues related to the property or you may choose to craft a customized service agreement designed to suit your unique needs and requirements.
Once you’ve hired a rental management company to oversee your properties, they can begin tending to a vast range of different matters, including:
- advertising available properties;
- screening potential lease holders or tenants;
- collecting rent and overseeing any necessary warnings and evictions;
- maintaining the buildings and grounds;
- performing any emergency repairs or addressing other urgent tenant-related matters;
- handling tenant disputes or complaints about another tenant; and
- Addressing any violations of property rules, such as smoking, pets and parking issues.
These are just some of the areas where your rental management firm can assist.
A property manager can be a tremendous help for property owners and real estate investors who do not have the time or lack the inclination to handle tenant and rental-related issues. Not only is rental management potentially stressful, but it can also be very time consuming or even downright inconvenient at times. Tenants can (and will) call for help with something as simple as a clogged toilet. This can be especially frustrating if you happen to live or work a significant distance from the property in question and/or work a full-time job that does not allow you the flexibility to leave at random to tend to these issues.
Are There Any Other Benefits of Rental Management?
Shady Hill property owners can enjoy many benefits from hiring a firm to oversee their rental management issues. You’ll see a reduced turnover rate in your tenants and lease holders, as they may receive more prompt attention and will therefore have will a higher satisfaction level. Ultimately, this can mean more profits.
There’s also the potential to save on property repairs and maintenance expenses such as plumbing, electrical work, handyman-type tasks and landscaping/lawn care. Rental management firms usually have contracts with local tradesmen, craftsmen and other service providers who can offer a discounted rate due to the higher volume of work that’s provided to them. These savings are typically passed on to the property owner – yet another benefit of working with a Shady Hill rental management firm.
*Disclaimer: The views expressed here are those of the authors and do not necessarily represent or reflect the views of Aplus Realty Management Inc*