Are you a new investment property owner? Maybe you've been a landlord for years but now feel stretched thin. You're not alone.
Individual investors own 14.3 million rental properties in the US, but many don't operate solo. Instead, these investors rely on property management companies to ensure their success.
Not sure if you need property management services? Read on for the signs it's time to ask for a rescue today!
A High Vacancy Rate
Think about how much time you spend marketing your vacant units. How many are sitting empty right now? A high vacancy rate could indicate it's time for you to explore your property management options.
A property management company can help you list, market, and fill your vacant units. The sooner you fill these vacancies, the more money you can make.
The best property managers develop multi-faceted marketing strategies. They'll help your property appear on multiple online channels. Expanding your reach will ensure multiple renters in the area find your properties.
Stressful Tenants
It's not enough to market your vacant units. If you have troublesome renters, talk to a property management company. Otherwise, problematic renters can:
- Ignore the lease agreement
- Sublet the property
- Pay rent late
- Damage the property
- Frustrate neighbors
These renters can add to your landlord stress. Instead, hire a property manager. They'll take the time to screen applicants before choosing renters.
Screening tenants will help you find renters you can trust. You can retain these reliable renters long-term to boost your ROI.
You're a New Investment Property Owner
If you're new to owning an investment property, it's easy to make mistakes. You may neglect to follow local and federal housing rules and regulations. Neglecting to follow new regulations could lead to fines and legal issues.
When exploring different types of property management, look for legal services. Your property manager can help you remain compliant, even as laws change.
You Own Multiple Properties
You could stretch yourself thin if you own multiple properties in many locations. You can streamline your property management tasks using an online portal and automation. Your property manager can set this up and manage your properties for you.
Property Maintenance Delays
If you delay fulfilling maintenance requests, renters will get frustrated. They may decide to break their lease, make the repairs themselves, or take legal action.
Your property manager can complete maintenance projects. They'll protect your investment.
You're Stressed Out
Are you struggling to get enough sleep, thinking about everything you need to do tomorrow? Nearly 40% of adults say they're stressed. Stress can affect your ability to function and focus.
Outsource to a property management company. They can take the weight off your shoulders.
Request Property Management Services Today
You don't have to handle maintenance, rent collection, or tenant screening alone. Instead, hire a property management company. With their help, you can experience success without stress.
Evernest manages over 14,000 properties, allowing clients to enjoy hands-off, out-of-state management. We're dedicated to maximizing the value of your rental property.
We're with you every step of the way. Contact us today to request our property management services.
