When you invest in a piece of real estate or rental property, it can provide you with a passive income and equity growth over the years. But being a landlord does not have to be part of the equation, especially when you have your own career outside of your rental properties. Fortunately, you can hire a property manager to help you with a great deal of the busy work. Here are some tasks a property manager can help you with when you hire their services for your rental property.
Tenant screening for your rental property is an important step as a property owner. If you don't screen properly and you let a bad tenant into your property, you can end up losing months of rent, paying for damages to your property, and having to pay for legal fees to process an eviction to get your non-paying tenants out of your property, for example.
A property manager can collect a rental application and fee from any applicants and take the time to verify their references, income, employment, and past rental history. The time that you put into this single process can make the difference in your having great renters that pay their rent on time, and losing on thousand of dollars in damages and lost rent.
When you rent out your property to a tenant, there will be occasions when they need services and repairs handled in the property. For example, their dishwasher may stop working or is leaking water all over the kitchen floor and you will need to make sure it is handled immediately. Or when your rental's hot water heater has stopped working or the furnace has broken down in winter, this requires emergency maintenance. When you have a property manager working for you, they will make sure the repairs are addressed and remedied as soon as possible.
A property manager will make the call and request repairs and be there when the service is handled in your rental. And having a property manager to hire the necessary repairs in your rental can be especially helpful if you do not live in close proximity to your rental or you are busy working or relaxing with your family.
If the unfortunate happens and your tenant breaks their lease and needs to be evicted, your property manager will arrange this through an eviction attorney. The eviction process can be a lengthy and often expensive process, and if you don't handle it appropriately, it can take longer and you will lose more money in your rental property.
For more information, reach out to companies like Choice Maintenance Group LLC.Share