How many hours a day do you dedicate to rental property management? You're among the minority of landlords who manage their properties alone (45%). Instead, rely on a leasing only service in Bountiful, UT.
With professional rental property management, you can streamline processes to maximize your earning potential. What exactly are the top leasing services advantages? Read on to find out!
Professional Tenant Screening
Without a tenant screening process, you could choose renters who are already behind on rent payments. In fact, six million Americans (15%) are currently behind. Increased rental prices are making it more difficult for renters to keep up.
Rely on your rental property management company to choose reliable renters. With their tenant screening process, you can evaluate:
- Employment
- Rental histories
- Eviction histories
- References (including past landlords)
- Criminal background checks
Gathering this information, especially for numerous applicants, can take time. As a result, many landlords only verify an applicant's ability to pay rent. This could leave you with renters who upset neighbors or cause property damage.
Instead, outsource. Timely, accurate tenant screening will save you time, money, and future landlord stress.
Choose a company with experience in increasing lease renewals. Retaining renters can cut the cost of tenant screening and marketing. Instead, you can increase your occupancy rate.
Efficient Property Leasing
Choose a property management company that relies on state-of-the-art management software. Their access to this technology will ensure efficient property leasing. For example, a tenant portal can help with:
- Tracking maintenance projects
- Responding to tenant inquiries
- Accepting rental payments online
- Document management
Property management software will help you remain organized. It can also reduce human error and increase efficiency.
Optimizing Pricing
How do you determine your rental rates? If the rent is set below the local average, you'll lose revenue. Setting it too high can deter potential renters.
Your property manager will complete a market analysis to ensure you set competitive rates. You'll experience leasing benefits like higher occupancy rates and increased earnings.
Compliance With Local Regulations
As a landlord, you're responsible for keeping up with new local, state, and federal laws. Otherwise, you could face a lawsuit or receive a hefty fine.
Your property manager can keep up with local regulations. They'll help you avoid legal trouble.
Maintain Your Investment
Renters won't consider your investment property if it's falling apart. Allow your property manager to schedule routine inspections. They can schedule repairs before problems worsen.
They'll even help you select cost-effective upgrades. These upgrades will make the property more enticing to local renters. You can increase your rental rate and generate more applications.
Request a Leasing Only Service in Bountiful
Managing a rental property alone can feel stressful. Instead, rely on a leasing only service. The best property management company in Bountiful can ensure your success.
Trust our team at PMI Mountain West. As part of a fast-growing franchise, we have 20 years of experience perfecting the property management industry. You can depend on our state-of-the-art technology, expertise, and award-winning services.
We can help you maximize your profitability. Request a free rental analysis today to experience these leasing benefits firsthand!
