Did you purchase a few fixer-upper homes that are now renovated and ready to be rented out to tenants? It can be easy to rush into the process of finding tenants in an effort to start bringing in an income from the homes, but rushing isn't in your best interest. You want to ensure that each applicant is thoroughly screened so you will have peace of mind knowing that your homes are rented out to tenants who are responsible. You must also consider the work that must be put into managing multiple rental properties after the tenants have been chosen. A good resolution to make your job easier is to hire a property manager.
Making it Public That Your Homes Are for Rent
It can take a while to find tenants if no one is aware that your homes are up for rent. By working with a property manager, the public will be aware that your homes are for rent in a faster amount of time. A property manager will use various techniques to market your homes to the public, including placing classified ads in the local newspaper and hanging up fliers. Ads might also be run on various websites to attract the attention of potential tenants. You can ask in advance if you want to know the specific marketing tactics that will be used to market your rental homes.
Screening Prospective Tenants on Your Behalf
When rental applications begin to roll in, it is important to pay attention to all the details and verify that everything is true. Screening the applications on your own can be time-consuming, especially when there are a lot of applicants. A property manager can handle the applications on your behalf and perform thorough background checks before approving tenants. One aspect of the screening process will involve finding out if an applicant has a poor rental history, such as by not paying rent on time, destroying previous landlords' property, or getting evicted. A property manager can also perform credit checks to determine if the applicants are ideal tenants.
Managing Your Rental Homes & Tenants
Once there are tenants occupying your rental homes, you must tend to their needs concerning any problems that arise. For instance, if the HVAC system isn't working, a tenant might make a maintenance request to get it repaired. If you do not want to deal with such requests on your own, leave the task to a property manager. Repairs, rent reminders, and everything else concerning your rental homes and tenants can be handled by a property manager.
Contact a property management service, such as New Leaf Properties LLC, to learn more.Share