One of the best ways landlords can add real value to their properties is to get a professional property manager. Many experienced real estate agents agree that working with a management company is a no-brainer if you have more tenants. Here are some of the most noteworthy benefits landlords can get by working with an Atlanta property management group.
- Avoid Legal issues
Landlords are well aware that horrible tenants can cost them a bunch of legal and financial headaches. Fortunately, property management companies are armed with an abundance of knowledge and can protect you from tenant lawsuits and other exploitable legal loopholes that tenants use. Some of the other legal responsibilities an Atlanta property management group take up include:
- Tenant evictions.
- Unit Inspections.
- Property conditions and safety check.
- Rent and security deposit.
- Terminating and signing leases.
- Get High-Quality Tenants
Getting high-quality tenants is a time consuming and complicated process. The chances are that if you lack experience in the property businesses, you will eventually end up with a low-quality tenant. The problem with low-quality tenants is that they can make your life difficult to remove them from the property once their lease has expired. A competent quality management company has its time-tested screening process that they can use to filter out low-quality applicants from day one. But in general, property management companies will look for tenants who will:
- Rent the property for an extended amount of time.
- Cause fewer issues.
- Pay rent, as agreed.
- Increase in Revenue
One of some property management companies’ lesser-known responsibilities is working with you to prepare your property for rent. It means that they will make cosmetic improvements and introduce new ideas that you can use to raise your property’s value. Once they have done this, they can increase the rental price and seek tenants who can afford it. You will also experience a shorter waiting time for vacancies as they will market your property for you.
- Lower Maintenance Expenses
Maintenance is necessary to persevere your property’s value. When you hire a property management company, they will access their vetted network of insured and licensed contractors. These contractors have a professional relationship with the property management company. They will conduct work for rates of which can’t be received by going to the yellow pages. It will help you to minimize your maintenance and repair expenses in the long run.
- Personal Benefits
Because management companies essentially take over the tedious and stress-inducing work landlords would have to do by themselves, they provide personal benefits to landlords. Some of those include:
- Less Stress: You won’t have to get up in the middle of the night for a late-night emergency, chase down rent, worry about evicting people, or fixing damages they caused.
- More Free Time: As you know, time is money. As opposed to spending time micromanaging a single property, landlords can focus on their assets and grow their business.
- More Freedom: A specialist essentially takes over the role of being the landlord. As a landlord, you will be able to travel anywhere you want without stressing about inspections or troublesome tenants.
Atlanta Property Management Group
At Taylor Made Property Management, we strive to help our clients gain higher revenue and preserve their property’s quality. We also help with the property showings, move-ins, and finding those who will take care of the property and make their payments on time. By contacting us, we can evaluate your property’s circumstances and work with you to establish an affordable plan.