There are now over 20 million rental properties with 48.2 million individual units in the US. Individual investors like you own almost 72% of these properties. However, most aren't managing their properties alone.
With full-service property management, you can take the guesswork and stress out of owning property. On the fence? Read on to discover the benefits of full-service property management today!
What Is Full-Service Property Management?
Full-service property management encompasses all aspects of rental ownership. The best property manager will remain available 24/7. You won't have to rush to help tenants with maintenance or other emergencies.
Instead, you can feel confident that your property management team is on the task. They can handle everything from evictions to marketing.
If you're unable to invest in full-service management, compare full vs partial property management. You can request a selection of services based on your unique needs. The best property management company will customize their services to meet your requirements.
Benefits of Full-Service Property Management
As a property owner, it's easy to feel stretched thin as you help tenants and manage multiple properties. Relying on the best property manager will help you avoid landlord stress. Their services can help you:
- Reduce vacancies
- Meet your occupancy rate
- Maximize your earning potential
- Make properties more attractive
- Avoid legal issues
Instead, you can find peace of mind. Relying on property managers can help you thrive, even in a competitive real estate market.
Types of Property Management
Before requesting full-service property management, consider your needs. Here are a few types of property management you may want to request.
Property Marketing
The rental vacancy rate in America has increased since 2022. Without a property marketing strategy, your units will remain vacant. The best property management company can handle:
- Cleaning and staging the property
- Updating your listings
- Recommending property upgrades
- Digital marketing strategies
- Traditional marketing strategies
Their proven property marketing tactics will save you time and money. You can generate more applications to lower your vacancy rate.
Tenant Screening
Many landlords rush to fill as many vacancies as possible. If you skip your tenant screening process, you could end up with troublesome renters.
The best property managers can screen applicants and gather background check reports. The information they gather will help you choose trustworthy renters.
Legal Aid
Ignoring new local, state, and federal laws and regulations could lead to legal trouble, including fines. These laws cover:
- Lease terminations
- Rent collection
- Tenant screening
- Unit inspections/property conditions
Your property management company will help you remain compliant. If you encounter legal trouble, they'll help you make informed decisions.
Reliable Full-Service Property Management in Merced
Stop wasting time and money managing your Merced properties alone. Instead, request full-service property management. With help from the best property manager in Merced, you can maximize your earning potential.
Look no further for professional management services! PMI Merced has 20 years of experience helping local property owners like you thrive.
We use state-of-the-art technology and award-winning strategies to help owners generate more profit. Contact us today to experience the benefits of full-service property management yourself!
