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Request Property Management for Your Chula Vista Property
Whether you have just recently invested in a rental property, have been managing the property on your own for years, or you are turning your property into a rental property, property management services can be valuable to you. Property managers handle everything from marketing your property, locating qualified tenants, and all of the day-to-day tasks that must be performed when you have tenants living there. The right property management company can help you maintain or increase the value of your rental property. Here’s how you can benefit from choosing our services for your Chula Vista property.
What Is Property Management?
Property management involves a third-party company handling daily tasks when managing commercial, multi-unit, or residential properties. The many tasks that a property manager performs include move-out cleaning, collecting rent, and scheduling maintenance/repairs.
Property management companies market your properties, meet prospective tenants, schedule and provide property tours, thoroughly screen applicants (Employment Verification, References, Landlord Verification, Income Verification, and Credit Checks), distribute leases, collect rent, and security deposit.
When to Hire a Property Manager
Depending on the situation you’re in, hiring a property management company like ours may be the best solution available to you. For instance, a property manager can be useful if you’re looking to be a hands-off property owner. Real estate investors as well as individual property owners can experience the benefits of hiring a property management company.
Hiring a property management company is also a great idea if you already have a full-time job or a busy schedule and would be unable to manage a property on your own. Even smaller personal or rental properties have considerable management requirements.
Keep in mind that obtaining the services of a property management company will increase your overall costs. That being said, if you’re a real estate investor and have enough rental income to set aside a small portion of it on a monthly basis, hiring a property manager means that you’ll no longer need to maintain your landlord responsibilities. Instead, you can relax or focus on further bolstering your investment portfolio. Individual property owners can benefit the same way. It’s just a matter of budgeting and making sure the property management companies services are in line with your needs as a homeowner.
Having a property management company to assist you is also a good solution if you’ve invested in affordable housing programs. These programs tend to involve numerous stipulations and an ample amount of paperwork. Property management companies like ours have experience in handling the special guidelines associated with affordable housing programs, which should make it easier for you to file taxes, obtain the necessary financial assistance, and fill current vacancies in the property/properties.
What a Property Manager Does
While there are numerous positions that make up a property management company, the property manager is the primary individual who will be involved with your property. This individual acts on your behalf to ensure that tenants and properties are taken care of. The primary responsibilities of a property manager include:
• Performing and scheduling move in/move out cleaning work
• Coordinating property repairs and maintenance
• Marketing to prospective tenants
• Resolving any tenant issues or concerns that are raised
• Collecting and depositing all rents
• Providing tours of vacant units
• Handling applications
• Screening prospective tenants
• Communicating with the owner
• Managing lease renewals and new leases
• Providing notices of entry
• Emergency maintenance
• Taking care of evictions
Property managers act as the landlord when the owner isn’t around and will make sure that every task is handled professionally.
Benefits of Hiring a Property Manager
The main benefit that individual property owners and investors have when working with a property management company is gaining more time. Since owners will no longer need to manage the property themselves, they can take on a wide range of other responsibilities. There’s also the stress relief that comes from having a professional company handle ongoing work.
The right property manager will help mitigate liability as well. A clear benefit of having a property management company by your side is that they have legal expertise that you might not be aware of. This is especially true if you haven’t managed property in the past. It’s relatively common for tenants to make incorrect accusations about illegal eviction practices, poor maintenance, and rent collection tactics. Third-party managers act as a buffer between you and the tenants that will help deflect these claims.
Property managers are also capable of finding quality tenants. These companies know what qualities to look for in a potential tenant and will be able to spot red flags that indicate an applicant shouldn’t be considered.
When you hire a property management company, you should benefit from shorter vacancies. Property managers perform comprehensive marketing campaigns to help fill vacancies and will understand what steps to take to make the property more appealing to applicants. Since management companies have more experience with filling vacancies, you should notice that the length of vacancies is shortened.
You might find the costs of maintenance requests are lower as well. When you work with a property management firm, you’ll gain access to their expansive network of contractors. Since the property manager has likely worked with these individuals for years, you should be able to save on maintenance expenses by receiving reduced rates.
Most tenants prefer to work with property management companies because of their experience, which often makes the process smoother. When renters enjoy their time at a property, they are more likely to leave a great review whenever they leave the premises. These reviews can then be used to bring more traffic to the property when it comes time to fill a vacancy.
By hiring our property management company for your Chula Vista property, you’ll no longer need to perform these tasks yourself. Call us today to find out how our services can benefit you and your property.