Property managers are the perfect way to reduce the amount of work on your plate. After all, didn’t you start investing with the hope of making passive income? Being a landlord is far from passive, but you can definitely make it less active, so read on to start understanding all the types of property management services.
Market the Property
There’s so much work to do even before a tenant moves in. You need to clean and optimize the unit’s interior, have a professional take pictures for the listing, and even advertise the property! A property management company can do all this for you, and they have years of experience, so they know what they’re doing. Property managers know what prospective tenants want to see, so they can help you get the best rates for your unit.
Tenant Screening and Selection
Once interested tenants start applying left and right, that’s a lot for anyone to sift through. Once you’ve weeded out the obviously bad tenants, how do you pick the best one? Again, that’s where experience comes in. A property manager can perform background checks and guarantee that tenants have great credit and rental histories.
Even though this is the best part of the job, setting up how you’ll receive rent payments can quickly become confusing. On top of that, even the best tenants can miss a rent payment now and then. If you want to avoid awkward conversations, find great property management in Stone Mountain to take the reins.
Finally, property managers can step in when the unthinkable happens. They know the paperwork necessary to complete an unlawful detainer action, and they can even represent you in court. If worse comes to worst, the property manager can work with law enforcement to remove the tenant from the premises.
Now that you understand all the types of property management services, what are you waiting for? Take the weight off your shoulders and start raking in cash without the hassle!