The saying goes, "If you want something done right, you have to do it yourself." Many landlords take this to heart and try to manage every part of their property alone.
The problem is that taking the saying too literally can lead to disaster. You'll soon it affects the condition and profitability of your investment.
Read on for signs you need to hire a property management company as a form of landlord rescue in Contra Costa, CA.
Maintenance Overwhelm
Tenant complaints about maintenance issues can feel like a never-ending cycle. You handle one, and another pops up.
The property also requires regular preventative maintenance. That means caring for essential areas such as:
- HVAC
- Gutters
- Landscaping
- Exterior paint
Maybe you felt capable of managing these issues at first, but now you've gotten buried under them. Your property is getting run down.
These are signs to hire a property manager as a form of landlord rescue. They'll handle your endless maintenance tasks. It keeps your tenants happy and protects your investment.
Difficulty Finding and Keeping Tenants
Today's volatile rental market makes it easy to end up with long vacancy periods. Your property may have a revolving door with tenants coming in and out.
Getting professional landlord assistance in Contra Costa helps in several ways.
They'll provide expert property marketing. They know the market and what tenants are looking for. They'll craft listings and marketing materials to appeal to them.
Comprehensive tenant screening helps you find quality tenants using:
- Criminal background checks
- Credit checks
- Employment history
- Rental history
Property managers also help keep tenants happy. You won't have a revolving door anymore because everyone will want to stay.
Struggling With Rental Finances
According to the National Apartment Association, 46 cents of every dollar you get from rental income goes towards the property mortgage. Only seven cents get returned as profit.
Fighting against these expenses is tough, but a property manager can get you back in the green. They know how to set the perfect rental rate.
Having them manage all of your accounting records saves time. It also reduces mistakes, increases income, and reduces expenses.
Legal Compliance Fears
One mistake can leave you with violations you don't know how to handle. You can even be afraid to enforce in case you don't follow the law while doing so.
Hire a property management company, and you'll also get the legal help you need. They understand all areas of property law, including:
- Property inspections
- Tenant screening
- Lease agreements
- Eviction proceedings
The best part of all property management benefits, including legal help, is that they last as long as you work with the company. They also keep up with the changes in these laws to know how they affect you.
Contra Costa Property Management Is the Solution for Landlord Rescue
Are you buried under maintenance requests and struggling to find and keep tenants? Is your property losing money, or is legal compliance a fearful hassle? These are signs you need a property manager as a form of landlord rescue.
PMI East Bay is a full-service Contra Costa property management company. We preserve your investment while setting the highest rent possible to increase its profitability. Contact us today to make your property management manageable.
