The Arizona housing market is hot right now, so if you’re already a real estate investor, you’re in a good position. About 34% of households are renters, and they’re all looking for great places to live.
If you want to make your life as a landlord easier, you’ll benefit from hiring a property management company. Read on to learn all about how “property management companies near me” can help you with your real estate investment.
Filling Vacancies Quickly
As a landlord, you know how important it is to fill vacancies as soon as possible. Every month without a tenant is a month that you’re losing potential income.
Marketing is tough unless you were already a savvy marketer before you started being a landlord. Luckily for you, a good property management company has plenty of experience with marketing properties.
Not only can they include information about your property on their own website, but they can also help you write listings and take photos for other listing websites and social media. Finding tenants has never been easier.
Finding the Right Tenants
Finding tenants isn’t as difficult as finding the right tenants. Screening your tenants will protect you against problems such as:
- Personal problems between tenants
- Property damage
- Non-payment (or late payment) of rent
Many new landlords don’t have the experience required to properly screen their tenants. Property managers, however, do.
They’ll take your tenant through the entire tenant-screening process, run background checks, and even provide pre-screening information in the rental listings.
Handling Tenant Communication and Rent Collection
There are several times in which landlords have to be able to communicate with their tenants in some capacity. These include responding to tenant questions, responding to maintenance requests, negotiating leases, and rent collection.
Property managers can handle all of those things so you don’t have to. Proper communication leads to happy tenants. Happy tenants are more likely to renew leases and recommend your property to others.
As soon as a request or comment comes through the tenant portal, your property management company will see it and respond in a reasonable amount of time.
The tenant portal also provides an easy place for rent collection. Tenants can either set up automatic payments or pay manually. They can even get rent reminders before the first of the month.
If a tenant is late, your property management company will reach out to them.
Dealing With Legal Issues and Legal Guidance
Any good property management company will be able to keep you up-to-date when it comes to potential legal concerns associated with being a landlord.
They know all about local laws and regulations, fair housing guidelines, and more. They can also help you navigate the difficult and stressful eviction process (though hopefully you never need that help).
Looking for “Property Management Companies Near Me?”
If you need a professional team who knows all about how to manage properties, it’s time to look for “property management companies near me.” Your property management team will make being a landlord a breeze.
At Caldwell Property Management, we help Arizona real estate investors find tenants, screen tenants, and so much more. Learn more about our services and get in touch with us today.