Are you stretched thin between collecting rent, lease management, and maintenance requests? You don't have to do it all alone. In fact, fewer than half of all landlords in the US manage their own properties.
Instead, consider hiring a property management company. They can save you time, boost your occupancy rate, and improve your ROI.
Not convinced you need help? Read on to discover the benefits of working with a Lake Havasu City property manager today!
1. Handle Maintenance Requests
As a landlord, it's your responsibility to provide renters with a safe, habitable place to live. If you neglect to complete important maintenance tasks, renters can take legal action. They may withhold rent until repairs are made or repair and deduct the cost from their rent.
Some renters may sue you if you ignore their maintenance requests. Before that happens, hire a property manager. They can:
- Accept requests
- Compare vendors
- Gather competitive rates
- Schedule and track progress
- Follow-up with renters
Allowing a property manager to handle this process can boost tenant satisfaction rates. Keeping tenants happy could help you generate more lease renewals. Increasing renewals will boost your occupancy rate and ROI.
2. Simplify Collecting Rent
Are you still going door to door to collect rent? A property management can simplify collecting rent payments for you. They'll provide renters with access to an online portal.
An online tenant portal can automate rent payments and automate late fees. You won't have to experience the stress of collecting payments in person.
3. Lease Management
Hire a property management company that offers lease management services. They'll track when a tenant's lease is about to lapse. They can contact your renters to determine if they want to renew their leases.
If you lack experience negotiating lease renewals, you could lose renters. Your vacancy rate may start to rise.
Allow a property manager to handle this process. They can develop better landlord-tenant relations to boost satisfaction rates.
4. Better Tenant Satisfaction
If tenants struggle to reach you, they may grow frustrated. They may decide not to renew their lease at the end of their cycle. A property manager can interact with tenants on your behalf.
Choose a company that uses state-of-the-art technology. Tenants can send inquiries and requests through the portal. Streamlining communication can help you avoid misunderstandings.
Determine if your property management company offers tenant screening services. Screening applications can help you avoid problematic renters.
5. Less Stress
The best property management company will take the stress of owning property off your shoulders. They'll use proven strategies and efficient tools to streamline operations.
Instead of landlord stress, you'll have peace of mind. A professional team will take care of your rental properties, allowing you to maximize your earning potential.
Hire Your Property Management Company
Don't manage your Lake Havasu City investment properties alone. Instead, hire an experienced property management company. Leverage their experience and expertise to ensure your success.
Our team at Arizona Living Rentals & Property Management is here to guide you. We prioritize offering the highest quality of services to ensure satisfaction across the board.
We're devoted to the success of your rentals. Rely on our 21 years of industry experience. Contact us today for help with your investment properties.
