Are you still managing your Sugar Hill, GA investment properties solo? Over 50% of the 10 million people who own rental properties hire property managers.
Relying on a property manager can simplify everything from rent collection to lease enforcement. Meanwhile, you'll have peace of mind knowing your property is taken care of.
Not sure if you should outsource? Read on to discover the benefits of hiring a property management company!
Property Marketing
America's rental vacancy rate has increased from 5.8% to 6.1% since 2022. Without a property marketing strategy, you won't find renters. The best property manager will use proven strategies to market your vacant listings.
With their help, you can find reliable renters to improve your occupancy rate. They'll use a mix of traditional and digital marketing strategies.
The best property management company can improve your lease renewal rate. You can retain renters to avoid vacancies.
Tenant Screening
Without a tenant screening process, you could choose renters who will cause you unnecessary landlord stress. They may:
- Damage your investment property
- Sublet
- Not follow your house rules
- Fight with neighbors
A thorough tenant screening process includes criminal background checks and eviction histories. You can review each applicant's credit score and speak with their previous landlords. You'll feel confident you're choosing renters you can trust with your investment.
Rent Collection
Collecting rent can become stressful and time-consuming. You shouldn't have to argue with tenants when their rent payments are late.
Choose a company that can provide access to an online tenant portal. About 75% of property management companies offer portals for rent payments. You won't have to collect rent in person.
The portal will allow renters to automate payments. You can even automatically add a late fee when renters pay late.
Property Inspection and Maintenance
Keeping up with your beautiful investment property can help you attract renters in the future. If it's falling apart, they won't bother to apply.
Your property manager will schedule a routine property inspection. They'll ensure your property is in good shape.
Choose a company that accepts maintenance requests online. They'll communicate with renters and keep up with projects on your behalf.
Cost Savings
The best property managers can save you time and money. You can focus on other aspects of your personal life or real estate investing ventures.
They'll improve your efficiency while handling a range of tasks. At the same time, they'll maximize your occupancy rate and earning potential.
Legal Expertise
Rely on your property manager's years of real estate management experience. They'll keep up with legal and regulatory requirements. With their help, you can avoid mistakes or legal issues.
Hire a Property Management Company Today
Managing an investment property in Sugar Hill, GA can get stressful when you don't have help. Instead of doing it all alone, consider the benefits of hiring a property manager. They can handle everything from lease enforcement to rent collection for you.
Want to experience the benefits of working with a property management company? Rely on our team at PMI Northeast Atlanta.
We use state-of-the-art technology and award-winning strategies. We were even voted Best of Gwinnett in 2023! Contact us today to maximize your earning potential.
