When needing your properties to be sold, finding the right real estate agent is very important. This will determine the success of the over-all transaction. You sure want to make the most out of the deal, right?
It can be difficult to handle the business of rental property management in Manassas, VA on your own – especially if you don’t currently reside in the area, or if you are not familiar with Virginia tenant/landlord laws. Additionally, dealing with hassles like tenant complaints and overdue rent payments may be more than you have the time or energy to take on. When you are ready to turn over these responsibilities to professionals you can trust, look for a Manassas property management team that excels in these top five areas.
1. The company manages all interaction with tenants.
They do everything from marketing efforts designed to attract the best prospective tenants, to providing property tours and answering questions about the property. Property managers should be responsible for conducting criminal background and credit checks to ensure that your tenants are responsible and trustworthy. If any problems do arise, the company should be prepared to deal with tenant grievances, enforce the terms of lease agreements and even deal with legal issues and evictions if necessary.
2. Finances are handled efficiently and transparently.
All the bookkeeping and accounting procedures should be taken care of for you. You can count on your property management team to collect rent payments and deliver them to you on time, as well as provide monthly account statements and tax-filing records. Additionally, you want to be sure that the company clearly states whether their cost to you is a comprehensive charge, or if there might be any additional fees for extra services not included.
3. Customer service is readily available and helpful.
The best option for a property management company in Manassas, VA is one that you can trust to always answer your calls and respond to your emails promptly. You should expect that your property management team will address any problems or concerns that you may have and resolve them quickly.
4. Maintenance is handled reliably and consistently.
The property management company should perform routine inspections, assess property damage, coordinate repair work and provide an on-call service in case of maintenance emergencies. Any necessary work or repairs should be handled on a timely schedule, by professional contractors or service people that charge a reasonable fee. Quality maintenance services and well-maintained properties keep tenants satisfied and decrease tenant turnover.
5. The company should have experience and be respected in their field.
Ask how long they have been in business, and whether they belong to or are endorsed by any professional organizations such as the NARPM (National Association of Residential Property Managers) or the Virginia Association of Realtors like the property manager you can find here https://www.managementpros.com/manassas-property-management/. You can always request recommendations or testimonials from their existing clients, and ask for a list of properties in the area they are currently managing.
Choosing to hire a full-service property management company can eliminate the stress that often comes with owning investment properties. Keep these qualities in mind when researching your options, and you will be sure to find the right team to handle your business properly and dependably.
Over 43 million housing units are occupied by renters across the United States. What that massive number means is that property owners all across the country are either subsidizing or making a full-time living off of renting housing.
If you own or are looking to invest in property for the first time then you likely know already (or will soon find out) that there’s more to renting houses than collecting checks.
Between managing tenants, maintenance, and legalities, the hardships that circulate around property renting can be enough to deter some investors from taking the leap.
Fortunately, you can hire a property manager to take all of the difficult aspects of renting off of your plate.
There are many excellent reasons to bring on a property manager for your rental property. Below are a few of the primary ones you’ll enjoy the most!
1) You’ll Get Your Paychecks on Time
Like we said before, there’s more to renting properties than collecting paychecks. Still, collecting paychecks is probably one of the best parts.
To that end, when you hire a property manager, you can be sure that your checks will arrive on time. This is in contrast to the work you might have to manually put into getting your check from a difficult tenant if you are managing your property by yourself.
2) You’ll Get the Most Out of Your Property
Pricing is a hard thing to get right. You have to be willing to analyze comparable properties, forecast growth over a lease term, and know market demand in order to come up with a perfect number.
If all of that sounds like more trouble than its worth, you’ll want a property manager in your corner.
Property management companies are experts in particular areas. They will take their expertise and market knowledge to make sure you’re getting the highest rent possible for your unit.
3) You Won’t Have to Deal with Tenants
Most tenants are lovely people. Some can be very difficult.
In order to make sure that a rogue tenant doesn’t take over your life, you’ll want to hire a property manager.
Property managers can screen tenants when placing them in your home. They will also manage maintenance requests as well as keep tenants in check if they’re doing things they shouldn’t be doing in your home.
This can be a huge stress and time saver for you. It will help persevere the value of your house and ensure you’re always in compliance with tenant related laws.
4) You’ll Maximize Your Profitability and Time
Property managers will save you hundreds if not thousands of hours every year. You can use that time to enjoy the money you’re making off of your rental property or to find more investment opportunities.
Finally, given how property managers get you the best tenants, the highest prices, and preserve your property’s value, the percentage of your rent they charge in fees will almost certainly pay for itself.
That means you’re getting incredible value at an unbeatable price!
Wrapping Up Reasons to Hire a Property Manager
Renting properties can be an excellent way to earn income. It can also be stressful.
To make sure your experience with rental properties is positive, hire a property manager. A property manager can take all of the difficult aspects of renting off of your hands so you can stay focused on enjoying your income!
Want to learn more about how to successfully manage your property? If so, dive deeper into our eFind Agent content pool today!
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