Owning a rental property can be a rewarding experience, as it often generates a steady income. However, a rental property only generates revenue when a landlord has good tenants who pay their rent on time and take good care of their units.
Using a professional property management company in Long Beach has several advantages for landlords, especially those who own multiple properties. These benefits save landlords a significant amount of time and money and make owning property all the more rewarding.
Find out why you need to hire a Long Beach property manager for your rental property.
What Can a Property Manager Do For Me?
While it may make sense to take the do-it-yourself approach if you’re a handy person, live close to the property, and don’t mind devoting several hours to the task, it just isn’t practical. With this in mind, here are some critical tasks a property manager can help you with:
Setting The Right Rental Rates
A good property management company will conduct a thorough market study to achieve the perfect balance between maximizing monthly income and maintaining a low vacancy rate.
Collecting and Depositing Rent Payments on Time
If you’ve ever worked in a billing department, you know that securing clients’ payment can be demanding, not to mention awkward. Property management companies have efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments.
You’ll find this particularly important if you have a limited number of properties, and collecting payments on time is crucial to maintaining your cash flow.
Marketing and Advertising Your Property
Through years of experience, a property manager will know exactly where to market your property and how to craft compelling advertising materials — a significant advantage when it comes to filling your property quickly and avoiding extended vacancies.
Finding The Right Tenants
Experienced property managers are experts at finding good tenants and will take care of all the details, including background and security checks, running credit reports, verifying employment, and collecting references.
In addition to finding good tenants, a property management company will manage all aspects of the tenant-landlord relationship. The property manager will handle routine and emergency maintenance, take care of routine inspections, and address situations where conflict resolution is required.
Enable You To Invest In Geographically Distant Properties
If you manage your properties, you’re pretty much limited to investment opportunities within a tight radius of your own home. By hiring a property manager, you can take advantage of investment deals in any location you wish.
Harbor Property Management, Your Long Beach Property Managers
If you require property management in Long Beach, Harbor Property Management offers a full range of services for owners, including:
- Screening potential tenants
- Performing service calls
- Scheduling maintenance
- Handling the collection of rent payments
When it comes to rental home management, the teat at Harbor Property Management can help you maximize your investment by taking care of all the hard work. With the most competitive fee structure in the management field, you will find that the professional staff, local expertise, personalized management services, and competitive fees will far exceed your expectations.