Many property owners mistakenly assume that all a property management company does is to receive rent payments on their behalf. But there are so many tenant services that any good investor can benefit from. Let’s look at 5 of them.
1. Get high quality tenants
Tenant screening should be done by a team of experienced property managers who are able to notice the red flags when reviewing an applicant’s paperwork. The last thing you want to deal with is a tenant that doesn’t pay rent on time or causes legal issues which you could have avoided. Most property managers offer screening as part of their services.
2. Avoid costly legal problems
Let someone else worry about managing your property and your tenants and free up that time to concentrate on securing other investments. It’s normal for property owners to worry about legal issues especially when there’s no management company working for them. But with a team of highly qualified property managers who do most of the work for you, you get the peace of mind that lawsuits are not coming your way any time soon.
3. Improve tenant retention
If your tenants enjoy their stay, they will not be leaving anytime soon. Quality tenant services will certainly make tenants enjoy their stay and renew their leases every year or so. This is because the property manager’s job is to keep your tenants happy. And with happy renters, the last thing you have to worry about is a high tenant turnover.
4. Reduce maintenance and repair costs
With a team of good property managers, consistent maintenance and repairs should be the last of your worries. Tenants are given a simple and practical way to request for repairs and once received, they are handled with the emergency they deserve. In case something breaks, the property manager doesn’t have to drive to the unit to control the situation. Property managers have a team who is ready to address the issue at all hours of the day.
5. Receive on-time rent
Property managers can help an owner to receive rent payments on time. You’ll have a highly experienced team that is ready to enforce the lease in case the tenant fails to pay rent on time. This means that you don’t have to deal directly with tenants especially with issues that could get messy. All these and more are offered as part of tenant services.
RPM Rincon offers quality tenant services to help you you’re your tenants happy at all times. You don’t have to get your hands dirty when complications arise.
