Benefits of Using a Property Management Company for Your Rental Property

If you own a rental property, whether a simple single-family residence or a large multi-
unit property, a property management firm can make your rental experience more
positive. If you are not working with a property manager, you are missing out on several
key benefits. Here are some ways that a property management team can improve your
experience as a landlord.

1. Help Selecting and Screening Tenants
A good tenant is worth his weight in gold, but a bad tenant can turn your ownership
experience into disaster in mere moments. An experienced property management firm
knows how to locate and screen tenants, ensuring that the tenants you have in your rental
property are the right match. This will limit the number of problems you have with
damage to the property or non-payment.

2. Help with Maintaining the Property Well
Property maintenance is one of the biggest headaches the modern landlord faces.
Property management firms have partnerships with local maintenance professionals, and
some even have maintenance crews who work with them directly, to help keep your
investment well maintained. This improves tenant satisfaction and improves the overall
success of your rental property.

3. Help with Understanding Tenant and Landlord Laws
A legal dispute with one of your tenants could cost hundreds of thousands of dollars.
Working with a knowledgeable property management firm can help you do everything in
line with the law, so you can avoid potential legal problems. If you do have a dispute or
other problem, your property management team can help mitigate the problem to avoid a
legal concern and improve the chances of a positive outcome.

4. Help Keep Tenants Happy
Professionally maintained properties tend to have happier tenants. Because tenants have
someone they can talk to immediately if they have a problem, and maintenance is
covered through the property manager, tenants are happier and tend to stay in the
property longer.

5. Help Reduce the Stress of Working as a Landlord
Finally, a property manager will make owning rental property less stressful. They will
take calls from tenants, manage paperwork and bookkeeping tasks and arrange for
maintenance. All you have to do is sit back and enjoy the financial benefits of owning
rental property.

If you are not working with a property manger, you are missing out. Find a qualified
property management professional today to help improve your property ownership
experience.

This entry was posted in Guest Post. Bookmark the permalink.

14 Responses to Benefits of Using a Property Management Company for Your Rental Property

  1. I noticed that you mentioned how hiring a property manager is beneficial because it helps to keep the tenants happy. From personal experience, I know how true this is! My parents had a rental property, and were having trouble keeping up with the tenants. There was just too much to do! When they hired a property management company, however, all of their tenants were able to be taken care of much better. If anyone owns property, and is thinking about hiring a property manager, I would strongly suggest you do so. Your tenants will be much happier for it!

  2. Alex Trodder says:

    Selecting the right tenants is really important to protect your property investments. You make a great point about how rental property management companies can have more time and experience with knowing what kinds of questions to ask and how to screen potential renters. Excessive damage can be costly to repair and depreciate the value of a home. Having a property management company can help keep an eye on things and make sure that you have a mutually beneficial relationship.

  3. Maggie says:

    I really like your point on how a property management company can help both tenants and landlords understand different laws pertaining to them. Like you said, it’s good to always be on the right side of the law, especially when you can affect others. Plus, I imagine that when the tenants know the laws as well, they’re less likely to break them. That could lead to less property damages for you!

  4. Alise Harper says:

    I am looking into getting a property management company. I like how you mention that they help with maintaining the property. I think this would help me with needing to handle everything and they have other partners that have experience with doing all the maintenance. I will definitely look into hiring a property management company. Thanks for the information!

  5. Selecting real estate investment has suitably bring down risk, buyers are just required to dispense certain measure of store, alongside regularly scheduled payment to the loaning bank, then you can control the lodging openly.

  6. Laurie says:

    There are so many benefits to bringing a property management company on board. I would do it in a heartbeat if I had a rental property. Great information, thanks for sharing!

  7. Luke Smith says:

    I can definitely appreciate what you said about property maintenance being an area where landlords would really appreciate the help of a manager. I haven’t ever been a landlord, but its frustrating enough when your own appliances go out so I would imagine it would be quite the chore to manage multiple properties worth of them. I would imagine it would help you choose a good property manager to ask about their experience with property maintenance before hiring them.

  8. Portiqo says:

    Thanks for making these great points on the benefits of using a property management company for your rental property. The point made on screening here is very important , Knowing all essential details about the client can be quite difficult to do by yourself which is why a property management company is an ideal solution.

  9. Your point on how property management firms can help keep tenants happier and make sure they have someone to talk to is excellent advice. Whether you are the owner or the tenant it’s always beneficial to both parties to maintain a good relationship with each other. Having a property manager who gives the owner updates on what is happening, and taking care of problems before they arise or get out of hand would be useful as well.

  10. My aunt has recently purchased an investment property. I’ve been discussing with her ways she can protect her investment from depreciation. We didn’t realize that a property management company could actually help select and screen tenants. That could be a huge burden taken off her back. I’ll let her know!

  11. Scott says:

    I have been considering buying a house to live in while I go to school and then renting it out to other college students once I graduate. I can see why hiring a management manager would help reduce the stress that can come when owning a house. If I do end up buying a house, once I graduate I’ll definitely look into this further.

  12. I love the benefits you pointed out on a property management company and how they can help you. My parents were renting a home at one point and could have greatly benefited from a service like this. A couple points I especially like is that the management company can find suitable tenants for you. It can be a time consuming task with the screening and background checks. I like that it can reduce the stress on you. Having a company who can deal with the tenants with any questions they might have, with rent, and overall care of the residence is such a relief. Both of these benefits help free up a lot of your time so that you’re able to accomplish other tasks throughout your days.

  13. Derek Dewitt says:

    I have an old home that I’ve been thinking about renting out and need help selecting a property manager. I like that you talk about how maintenance is covered through the property manager, which makes tenants happier and more likely to stay. We’ll have to find someone who knows repairs well I think. Thanks for the suggestions!

  14. Thank you for sharing all of the great reasons property owners should consider using an experienced, highly qualified property management company. I would love to suggest that anyone looking to hire a property manager take the time to thoroughly interview a few prospects to ensure you get the best one for your needs. There are plenty of things to ask such as costs of management, experience in the industry, and expected services provided. Don’t make the wrong choice and pay the price with your rental property business. Thanks again for sharing! The right property manager can definitely lend a hand to your success.

Leave a Reply

Your email address will not be published. Required fields are marked *