How many hours a day do you spend managing your properties solo? Only 45% of landlords manage their own properties. The rest outsource to save time and money.
With full-service property management, you can operate more efficiently to boost your ROI. About 70% of property managers handle property inspections, advertising, and leasing.
Not convinced you need full-service property management services? Read on to discover the benefits first!
Reduce Vacancies and Screen Applicants
Imagine your beautiful investment properties in Albuquerque sitting vacant for months. How much money will you use per unit? The rental vacancy rate in the US is already over 6%.
An experienced property management company can market your available listing. They can enhance the property to make it more desirable to local renters. Leveraging their expertise can help the property stand out online.
The best companies use a mix of traditional and digital marketing strategies. These include:
- Content marketing
- Search engine optimization
- Paid advertising
- Email marketing
- Social media marketing
These strategies will increase the listing's online visibility. Your tenant pool will open, leading to more applications.
It's important not to select the first renters who apply. Instead, choose a company that offers tenant screening services. Screening applicants will help you avoid renters with a history of evictions or late payments.
About six million households in the US are behind on rent. Avoiding these renters ensures a steady source of revenue.
Remain Compliant
Failing to keep up with local landlord-tenant laws can lead to legal consequences, including fines. Allow an expert to start managing your properties. Their understanding of local, state, and federal laws will ensure ongoing compliance.
Streamline Managing Your Properties
The best companies cover all types of property management services using state-of-the-art technology. Relying on property management software can increase efficiency and decrease human error.
For example, you can use an online tenant portal to accept rent payments and maintenance requests. This can reduce delays and increase tenant satisfaction rates.
Happy tenants are more likely to renew their leases. Generating renewals can save you time and money.
Enhance Your Investment Properties
While managing your properties, your team may notice areas that require improvement. They can help you enhance your investment properties.
Routine inspections and maintenance will ensure the property remains in good shape. You could avoid future expenses. Choosing smart upgrades can make it a more desirable place to live, giving you a competitive advantage.
Peace of Mind
Managing investment properties alone can become time-consuming and stressful. Hiring a property manager will give you peace of mind.
You can trust their proven strategies and local knowledge to thrive in today's competitive market.
Choose Full-Service Property Management Today
Don't waste time, money, or energy managing your investment properties alone. Instead, choose full-service property management.
Look no further for help managing your properties than PMI 4U. Our team has 20 years of local real estate management experience. We can maximize your owner profitability.
Rely on our expertise, state-of-the-art resources, and proven strategies. Contact us today to thrive in Alburqueque's competitive real estate market.
