If you own a property in the Phoenix area, that you currently, or would like to, rent out to tenants, there are many benefits to using a professional property management company.
Find High Quality Tenants
Tenant screening is a complicated process and making the wrong choice can be expensive. Property management specialists have a reliable screening process that takes multiple factors into account when choosing the best tenant. This includes whether a tenant is there for the long term, pays rent on time, and does not have a history of causing property damage.
Minimizing Periods of Vacancy
A property management company will provide you with advice on what to do to make your property attractive to tenants so that you will maximize revenue on it. They will also help set the optimum rental amount and market the property effectively. These things will help you attract more applicants and potential tenants, which, in turn, will minimize vacancy periods.
Collect Rents Efficiently
For a landlord, there isn’t much that is worse than a late rent payment and having to follow up with a tenant about it. One of the most important services that a property management company provides is the collection of rent in a timely fashion, following up with outstanding payments, and imposing late fees. When the situation with a tenant becomes very difficult and hard to handle, they are also there to provide an effective, legal eviction process, which is something that many landlords may find difficult to do themselves.
Lower Maintenance Costs
High quality and quick maintenance work keeps tenants happy and also ensures that your property’s value is increased. Property management companies have a network of experienced contractors that can fix many issues that arise on a property, at a reasonable cost. They will also ensure that the property is regularly inspected for needed maintenance, and can provide a maintenance schedule and detailed documentation of repairs required or undertaken. Without this, a rental property can quickly lose its value in the rental market, and one irresponsible tenant can cause major maintenance headaches.
Peace of Mind
Being able to avoid the stress that comes with renting out a property is probably the main reason why people choose to hire a professional property management company. Knowing that your rental income will be deposited into your account each month on time and that all pressing issues are being taken care of, is probably the greatest benefit of professional property management. For more information about how RPM Evolve can help with your rental property, contact us online, or call us today for a quote! (602) 368-5730