Rental properties are a great way to generate additional income. They can also be a great deal of work. That’s why many owners choose to employ the services of a property management company. Hiring a reputable professional ensures your investment is taken care of while saving you time and stress.
4 Benefits of Working With a Property Management Company
1. Improved Tenant Screening
Property owners can see hundreds of applications when the rental market is hot. A trained professional will quickly spot the red flags that signal a prospective tenant is a risk. They can also guide you in drafting your approval requirements, such as adding a credit score minimum.
2. Efficient Maintenance Processes
When maintenance issues inevitably arise, they are the property owner’s responsibility. Having a management company on-call with ample staff means these problems are fixed quickly before escalating into expensive repairs. This is especially helpful to anyone who owns more than one rental property.
3. Improved Rent Collection
Most management companies are paid as a percentage of the rental income. In other words, if you don’t get paid, neither will they. This encourages the company to receive rent in a timely manner and quickly address those who are overdue.
4. Legal Protection
Finding a property management company with adequate legal knowledge can save you a headache. Managers must keep themselves updated on new tenant and landlord laws to ensure you are protected. For example, there are stipulations regarding eviction notices or allowable screening processes that must be followed to avoid a lawsuit.
If you need help with your rentals, Realty Roundup Property Management has been assisting landlords for over 30 years. Their services include tenant screening, routine inspections, and maintenance. To speak with a representative from the property management company today, call (916) 685-6601 or reach out online. With locations in Stockton, Galt, and Elk Grove, the team is here for your convenience.