Upset tenants, a dozen maintenance requests, late rent payments; it can all become too much. You don't have to handle your responsibilities as a landlord alone. After all, fewer than 50% of all landlords manage their own properties.
Most request help. Not sure if you need landlord rescue services? Read on for the five signs it's time to ask for support!
1. A High Vacancy Rate
How many of your investment properties are currently sitting vacant? The vacancy rate in the US has increased to 6.1%. As your properties remain empty, you'll lose more and more money.
Hire a property management company if you have a high vacancy rate. They'll develop a digital marketing strategy to help you reach Puyallup renters. A multi-faceted strategy includes:
- Social media marketing
- Search engine optimization
- Content creation
- Paid advertising
The best property managers will hire a professional photographer. Stunning photos of the property will help your listing stand out online. You'll have an easier time attracting applicants, allowing you to boost your occupancy rate.
2. Tenant Problems
Troublesome renters can:
- Pay rent late
- Damage the property
- Sublet
- Upset neighbors
- Disrespect your rules
If you have a high vacancy rate, you may feel rushed to choose the first renters who apply. Fight this urge. Instead, outsource your tenant screening process.
An experienced property manager can help you avoid tenant problems by choosing reliable renters. They'll assess each applicant's credit score, rental history, and criminal background. You can choose renters you'll want to retain long-term.
3. Landlord-Tenant Law Confusion
Neglecting to follow the latest housing laws and rental regulations can lead to serious fines. If you're confused by the latest landlord-tenant law updates, consult an expert.
Your property management company will help you keep up with new local, state, and federal laws. With their help, you can remain compliant. If you need legal assistance, their services can help you find solutions.
4. Multiple Properties
If you own multiple properties (or properties in different areas), you may feel stretched thin. You could struggle to collect rent, complete maintenance projects, or inspect your properties.
Hire a full-service property management company. They can handle everything from tenant screening to rent collection. Relying on their services can help you avoid landlord stress.
5. Property Maintenance Delays
Delaying to complete maintenance projects can lead to tenant problems. Your renters may decide to take legal action. When it's time to renew their lease, they'll likely leave.
Your property manager can schedule maintenance. They'll keep the property in the best possible shape. Protecting your investment now can help you avoid more costly repairs later.
Request Landlord Rescue Services Today
Do these problems sound familiar? If so, it's time to request landlord rescue services. The best property manager can help you thrive, even in a competitive market.
SJC Management Group has 30 years of experience helping nearly 1,300 happy owners. Our dedicated team will work tirelessly on your behalf.
You can depend on our unwavering dedication and years of expertise. Say goodbye to stress and help to success. Contact us today to request our property management services.
