The benefits of hiring a property manager in Modesto are numerous, and smart investors know that getting professional management help can make a noticeable difference in the success of a rental property. Today, we’re talking about the top five reasons to hire a manager, and what it can mean for your peace of mind and your bottom line.
High Quality Residents
Property management companies have the knowledge, skills, and resources to evaluate prospective tenants. We use an extensive screening process that includes eviction checks, credit history analysis, and employment verification. You’ll get a good tenant placed quickly when you have a property manager screening your applicants, and you can avoid long vacancy times and expensive vacancy costs.
It’s easy to run into legal problems as a landlord. With fair housing laws, habitability regulations, and the potential for tenant disputes, issues can come up that you may feel unprepared to handle. Property managers have the expertise that you can trust. Instead of figuring out how to evict a tenant or what to do with a security deposit, your property manager can handle these things efficiently, and ensure you and your property are protected.
Landlords assume tenants will pay rent on time, and most of them do. However, if rent comes in late or inconsistently, you’ll need to track down your tenants and collect the payment. Property managers free you from having to chase down late rent. Most management companies have online rent payment portals or automated systems. If notices need to be served or late payment penalties charged, your property manager will take care of communicating with your tenant.
You’ll get a monthly financial statement from your property manager, showing what your property earned and what was spent. This will help you track what’s coming in and going out, and you’ll have accurate documentation at the end of the year when you have to file your taxes.
More Time and Less Stress
There’s nothing fun about getting a phone call from your tenants in the middle of the night because a toilet is clogged. It takes time and resources to market your property, show it to potential tenants, and run through the screening process. With professional property management in Modesto, you can have more time to yourself to do what you love doing, and your property manager can expertly handle what your property needs.
If you’re feeling overwhelmed or unsure about what’s required for your investment property, it’s time to consider hiring a professional. Please contact us at Valley Oak Property Management if you have any questions about what we do or the benefits of Modesto property management.