Do you own rental property? If so, you may wonder if it’s advisable for you to hire a certified property manager to help you lease your property. Whether you own one single-family rental home or several complexes that each have multiple rental units, there are many reasons why you might want to consider hiring one of your area’s property rental companies.
Why Hire a Property Management Company
One of the leading reasons you may want to hire a property management company is the vetting process these organizations have. A seasoned management company will likely have processed thousands of rental applications and its representatives will know how to analyze them to find the best, most reliable applicants to rent your property.
In addition to helping you find high-quality candidates to rent your property, an established management company’s screening process can protect you from rental scams. It can also guard you against discrimination lawsuits that sometimes are the result of screening processes that aren’t consistent.
Here are some of the other reasons you may want to think about hiring a property manager:
- You want to shorten your vacancy cycles
- You’d like to increase your tenant retention rate
- You want a smoother rent collection process
- You need to develop and implement a strategy to lower your maintenance and repair costs
- You need help with increasing the market value of your rental property
While those are certainly compelling reasons to hire a rental property manager, there are a few other personal reasons you may want to hire a management company. If you want to reduce the amount of stress you’re under, hiring a property manager might do the trick because you’ll no longer have to deal with tenants directly or respond to emergencies in the dark of night.
Would you like more freedom to do the things you’re truly passionate about? Hiring a property rental company will free you up to do whatever you want, wherever you want. You can live in any location, travel, pursue your hobbies, or do something else without having to worry about your rental property.
As an investor in property, you know time is money. It’s possible that hiring a rental management company can make you even more money by freeing up time you can spend exploring other investment opportunities. Even if you aren’t interested in investing in another venture, you’ll still have more time to make lasting memories with your friends and family members when you hire a trustworthy property manager.
How to Find the Right Property Manager
If you’re going to hire a rental management company, it’s important to find the one that’s the best fit for you and your property. You can increase the odds that you’ll do that successfully by asking your colleagues and any relevant association you’re a member of for recommendations. You can also do some research online. Websites like narpm.org can be of great assistance to anyone looking for a professional property manager.
In addition to interviewing the companies you identify, you need to check their references by contacting some of each organization’s current and former clients. You should also read each candidate’s online reviews and check their ratings with organizations like the Better Business Bureau. If a complaint against a given property manager was filed with the BBB, be sure you investigate how it was resolved.
Work with a Trusted Charlotte Management Company
If you’re looking for a property manager in the Charlotte, NC area, you won’t have to look beyond SRP Realty & Management to find a partner that will exceed your expectations at every turn. We’re a full-service management company that provides property management services in Charlotte and surrounding communities, including locations in South Carolina.
To learn more about our rental property management services, contact SRP Realty & Management today.