Do you find yourself overwhelmed with your landlord duties? Are you constantly stressed out having to manage rent collection, maintenance, and other responsibilities?
If this is you, you should think about using property management services. These companies will take care of every landlord duty for you, from owner statements to maintenance.
So, why should you hire a property management company? Here are some of the biggest benefits.
Outsource Your Maintenance
You never have to show up to fix something or deal with maintenance requests when you have property management to do it for you. They can take care of anything from plumbing problems to maintenance regulations from your HOA.
The best part is, that you're free to travel without worrying about emergency tenant requests. Or, you can invest in any part of the country, even if you do not live there.
Use a Tenant Portal
If you have trouble keeping track of everything related to property management, a tenant portal is a great solution. When it's managed by a property management company, it's even better.
A tenant portal is a secure way to collect rent and deposits from your tenants. You can also have access to important documents, such as lease agreements, from your computer, tablet, or phone.
Property management services can handle every aspect of the tenant portal. For example, tenants can send you messages, and they will respond and coordinate other services when needed.
Receive Owner Statements
Owning rental properties can be a financial enigma if you do not have an accounting background. This is where a property management service company steps in.
They will be able to prepare financial statements that show you how your rental properties are doing. You can see numbers such as cash flow, revenues, expenses, and liabilities.
Once you have a clear picture of your financials, you can make adjustments needed to increase your income or cut back on expenses. You can also decide if you want to invest in more properties to expand your portfolio.
Market Knowledge
Are you familiar with the Santa Clara real estate market? If not, property management companies are the perfect landlord rescue solution.
A good grasp of the local market can provide valuable insights, such as rental analysis and whether it is a good time to buy more properties. They can evaluate other factors, such as whether the property is in a neighborhood with a homeowners association, or HOA.
The real estate market is always evolving, so it's important to stay in the know. If you don't have the time or energy, outsource that duty to a property management company.
Consider Using a Property Management Service
Are you ready to get started with a property management company? With so many benefits, such as owner statements, you will be on the right track to turning a profit.
PMI SouthBay is the partner you need for property management in Santa Clara. We have the experience and local market knowledge to help you succeed and provide landlord rescue tools.
Contact us today or take a look around our website to learn more about the benefits of property management services.
