Marketing individual listings, completing maintenance requests, screening new tenants; it all takes so much time. Imagine being able to sit back and relax with peace of mind that someone is handling it all on your behalf. By outsourcing property management, you can have that peace of mind and succeed as an investor.
On the fence about relying on property management solutions? Read on to discover the benefits of hiring a property manager today!
Market Investment Properties
If you're not marketing your investment properties, potential renters won't realize they're available. Your property management company can develop a digital marketing strategy on your behalf. They can:
- Update listing descriptions
- Post the listing on multiple sites
- Take professional photos
- Use paid advertising
- Use social media marketing
- Follow-up with email marketing
The best property manager will keep up with the latest marketing trends to ensure you remain competitive. For example, they can use video marketing and create virtual tours to appeal to renters. Real estate listings with videos receive 403% more inquiries than those without videos.
Developing an effective marketing strategy can take time, experience, and money. Working with an expert will save you the stress of navigating unfamiliar processes.
Choose Better Tenants
Once you market your investment properties, you need to narrow down your options to select the best renters. Outsourcing property management will give you access to tenant screening resources. Screening hundreds of applicants alone can become time-consuming.
Choose a company that already has an efficient tenant screening process in place. Their report could include:
- Background checks
- Credit checks
- Financial statements
They'll help you avoid tenants who may pay rent late, destroy your property, or disrupt neighbors. You can find tenants you'll want to retain long-term. Decreasing vacancies can help you save money.
Avoid Legal Issues
An experienced property manager can offer legal expertise. They'll remain informed of federal and state housing laws on your behalf. Following their guidance could help you avoid fines or stressful legal situations.
For example, they'll make sure you follow The Fair Housing Act. Otherwise, you could unintentionally discriminate against future tenants.
Fast Maintenance and Repairs
It's important to complete maintenance and repairs quickly. Otherwise, you could frustrate renters. They may refuse to pay rent or decide to leave.
An experienced property management company already has connections in Dickson. They'll know of the best vendors and contractors.
Managing a property can become stressful and time-consuming. You'll need to remain available to your tenants around the clock. You'll also need to request rent, complete repairs, and respond to inquiries.
Hiring a property management company will save you time. You can dedicate more attention to your investment portfolio.
Rely on Our Property Management Solutions
You don't have to juggle these responsibilities alone. Instead, rely on professional property management solutions. The best property manager will help you avoid stressful situations.
Instead, they'll help you succeed as a real estate investor.
Not sure which company to choose? PMI Hometown Living is a full-service real estate asset management company. We have over 20 years of industry experience.
Contact us to discover how we can help you achieve your Tennessee rental market goals!