According to the Housing Authority of the County of Contra Costa, nearly 9,000 property owners rent out around 17,000 properties in Contra Costa.
As a landlord, your goal is to maximize the ROI on your property with the least amount of stress. A lot of this comes down to finding a great tenant and keeping them happy in your unit. Happy tenants tend to stay put, bringing money into your account and lowering costly vacancy rates.
If you're having trouble managing your property, countless services are available in Contra Costa to help. The biggest decision you'll face is whether to choose tenant placement or full rental management.
Keep reading and we'll explain what each service does and help you figure out which one is best for your needs.
What Is Tenant Placement?
Tenant placement services help you find an ideal tenant for your rental. The search for quality tenants can be tricky. It involves thorough marketing to appeal to a large number of potential applicants.
Once you have applicants, however, you need to go through the screening process to ensure they're a good fit. This will look into their criminal background, and financial health, and get a sense of their character through reference checks.
These leasing solutions take care of the entire process for you. Most good tenant placement services will have a pool of qualified applicants ready to match your vacant unit.
What Is Rental Management?
Selecting great tenants is just one aspect of your job as a landlord. Once your tenants are in the property, you've got to maintain the unit for them (and yourself), collect rent, respond to requests, and deal with accounting.
That's where rental management comes in handy. These services offer comprehensive property management to take all of your landlord responsibilities off your plate.
They'll deal with anything you need, including:
- Property Marketing
- Tenant screening
- Property maintenance
- Rent collection
- Accounting and Reporting
- Eviction/eviction protection
- Rental analysis
With a good property manager at the helm, you can enjoy all of the perks of being a landlord without any of the hassle. So, which should you choose: tenant placement or rental management?
Which Should You Choose?
Deciding between the two services really depends on your situation. Do you have the time to handle most of your landlord duties but can't seem to find the right tenant? Or, are you struggling with things like tenant retention and property maintenance issues as well?
Rental management benefits are obvious, but if you're on a budget or enjoy managing tenants and looking after your property, tenant placement alone may suffice. As a property owner, only you know whether you're capable of taking on these responsibilities.
PMI East Bay Can Help You Run Your Rental
Whether you choose tenant placement or rental management, it's so important to find an experienced property manager to help you. For those in Contra Costa, PMI East Bay is the best option available.
We're a full-service property management company, offering residential landlords comprehensive services that include tenant placement and everything else you'll ever need. To learn more about what we do, contact us today.
