Are you stretching yourself thin juggling property inspections, leases, and advertising alone? Over 70% of property managers perform these tasks. With help from a San Jose property management company, you can operate more efficiently.
On the fence about outsourcing to an investment property management company? Consider the benefits of relying on rental management services first. Read on to learn more!
Property Marketing
Every empty rental property you own is worth thousands of dollars in potential earnings. Unfortunately, the rental vacancy rate in the US is currently 6.4%. Without a property marketing strategy, your units will remain vacant.
If you lack experience with property marketing, you could waste money trying to reach renters. Instead, rely on professional landlord solutions. Your property manager can:
- Improve the property
- Complete a rental analysis
- Update the online listing
- Leverage social media marketing
- Use search engine optimization
With their help, you can direct more San Jose renters to your online listings. As your tenant pool opens up, you'll generate more applications. You can have your pick of renters before improving your occupancy rate.
Tenant Screening
In a rush to fill vacancies, some landlords select tenants without fully screening applicants. Thorough tenant screening reports should include:
- Rent histories
- Employment verification
- Eviction histories
- Criminal background checks
- References/past landlords
- Credit scores
Screening dozens of applicants can be costly and time-consuming. You can outsource this process to a property management company. They'll already have an efficient process in place.
Otherwise, you may choose troublesome renters who have a history of evictions. It can cost thousands of dollars to evict one tenant. Selecting great renters can help you avoid the cost and stress of evictions.
In fact, you can retain renters beyond one leasing cycle to improve your occupancy rate. This will save you money on marketing and tenant screening.
Property Maintenance
Potential renters won't consider your investment property if it's falling apart. Instead, they look for an upgraded property in San Jose.
Your property manager can keep up with inspections and maintenance on your behalf. They'll keep your property in good shape, minimizing the need for extensive repairs.
They can also recommend upgrades to make your property more appealing to renters. This will increase the rental rate, allowing you to generate more income.
Save Time With Landlord Solutions
Completing the above tasks can become time-consuming, especially if you're alone. Relying on professional landlord solutions will save you time and money.
The best property managers develop efficient processes and utilize property management software. They can automate tasks, reducing human error and saving time.
These solutions can improve tenant living experiences and satisfaction rates. You'll have an easier time retaining tenants, increasing your occupancy rate and ROI.
Hire Your Property Management Company
You don't have to complete these tasks alone. Instead, rely on an experienced property management company. Their professional services can maximize your earning potential.
Our team at Provident Property Management specializes in expert care of residential and commercial investment properties. With our services, you can make more money and spend less time managing your investment.
Rely on our professional tools and extensive resources to improve your profitability. Contact us now for a free rental analysis!
