Think of all the tasks you have to do as a landlord as rocks you have to carry up a hill. Which one's the heaviest?
Managing leases would be a common answer. They involve much more than having a tenant sign a document. You've also got to market to them, screen them, manage their requests, and more.
There is a way to get this heavy rock off your back. Read on for the major benefits of hiring a leasing-only service in Merced, CA.
Working With Real Estate Leasing Experts
One of the largest benefits of a leasing-only service is expertise.
You'll get to work with real estate leasing experts. They know everything there is to know about:
- Tenant screening
- Marketing
- Evaluating market trends
They know the best strategies to use. You'll get better tenants and shorter vacancy periods.
Time Savings
Have you been in the landlord game for a while? Do you consider yourself an expert? You can still benefit from leasing services because they'll save you time.
A rental management service will take over all your daily tasks. No more piles to sort through. No more hours showing units. You can use that time to build your business or handle other responsibilities.
Legal Compliance
Breaking the law can come with major financial penalties. It also hurts your reputation, discouraging new tenants from coming into your property.
Your landlord leasing solutions can also work as your landlord legal solutions. They keep an eye on local and federal landlord-tenant laws. They'll also ensure you're compliant with any changes.
Better Maintenance
Leasing services help you keep up with your maintenance duties. They can help coordinate repairs and respond to tenant requests. They're connected to reliable maintenance contractors who can get it done quickly and affordably.
A properly maintained property is more attractive to new tenants. It also helps you keep the ones you already have. It's an investment in your property's long-term profitability.
Maximize Rental Income
46% of all rental income goes towards property mortgages. Operating expenses follow at 27 cents per dollar. Only seven cents get returned as profit. Leasing services can help you fight against this trend and maximize rental income.
They do constant research on the local market, looking into what similar properties in the area are going for. This lets them know how to set rental rates that aren't too high or too low but just right. Renters will come in, and you won't underprice your property.
They minimize your vacancy rates. You won't have to worry about keeping a steady stream of rental income coming in. They'll take that worry off your plate by attracting new, quality tenants and keeping the ones you have happy.
Finding Full-Service Property Management
Hiring a leasing-only service gives you experts in the leasing process. They'll save you time and help you stay legally compliant, improve property maintenance, and maximize rental income.
PMI Merced offers full-service property management. We provide prompt and friendly service to owners and tenants.
Our goal is to preserve your investment while maximizing its profitability by setting the maximum rent possible every month. Get a free rental analysis today to see how much more you could earn.
