Why Do I Need Professional Property Management
Homes that are professionally managed get better, more qualified renters, have fewer vacant periods (the highest cost to owners of rental property is vacancy) and are better maintained than those homes managed by owners.
People rent homes for one reason. They can usually rent cheaper and with less hassle than owning their own home. Professionally managed properties offer tenants a more hassle free renting experience. This ensures a happy renter and greatly increases renewal at the end of the lease period (Renter retention is key to having a more profitable investment property).
Independent owner/managers typically use inferior rental contracts that do not completely define the rental agreement. Our detailed agreements are time tested and specific to each property. Don't get caught in a bad lease agreement by using generic contracts.
Interaction between property owners and renters tends to be confrontational especially when they are in a poor lease agreement that does not outline in detail what the parties individual responsibilities are. The more interaction between owners and renters, the greater the chance for disagreement. Third party management greatly improve renter/owner relationships and renter retention.
Savvy tenants may avoid rental property that is not professionally managed. They have experienced disputes over security deposits and needed maintenance. They know how difficult it may be to find the owner in an emergency. They want to know that there is a professional team available to them that will handle every issue to the letter of the agreement.