There are about 326,000 property management companies across the US, but not all are created equal. Choosing full service property management from local Contra Costa providers is the best way to get a leg up in your area.
Here, we'll discuss how property managers help with:
- Offering local insights
- Choosing great tenants
- Managing leases appropriately
- Connecting with necessary service professionals
Read on to become the best landlord you can be!
Local Knowledge
A Contra Costa property management company understands local markets. This means you'll get access to knowledge about the current real estate market. You'll learn about:
- Current real estate trends
- How to increase property value
- What renovations are essential
- Seasonal dips and peaks in demand (and when is the best time to invest)
- Which areas of the city have the highest investment ROI
- What specific locations make for good investments
You'll also be able to ask about local laws and regulations that may impact you and your tenants. This can save you stress and money by preventing future legal issues.
Tenant Screening
Tenant screening is one of the best full service management benefits because it helps you find renters who are a good fit for your property. Tenant placement looks into:
- Renter income
- Eviction history
- Past landlord verification
- Credit scores
- Criminal records
This ensures that you'll find tenants who pay their rent on time and take care of your property. In addition to benefitting you, this makes life more comfortable for other tenants. Well-chosen tenants tend to be less disruptive, so you can create a community that people want to stay in.
Lease Management
Creating a great lease is one of the first things to do when renting out your property.
Full service property management professionals also have the technology and knowledge needed to draft binding leases. They know how to negotiate and communicate with potential tenants. They also have technology that allows for easy lease drafting and editing.
When people want to remain in your property due to good tenant screening, you'll also have to contend with lease renewals. While this is easier than drafting a completely new lease, it's still important to have a professional iron out the details.
After all, leases are legal documents. Rental terms and rates need to be clear on every lease.
Maintenance Help
Property management companies have pre-existing contracts with cleaning and maintenance professionals. They've already vetted third-party vendors to ensure that they're reputable and reliable.
When you get help from property managers, you don't need to do the work of finding and screening maintenance crews. This saves both time and money while ensuring that you get quality services.
Invest in Full Service Property Management Today
Now that you know why full service property management is an essential tool for landlords, it's time to learn how much you can profit from your rental. PMI East Bay is committed to helping property owners in Contra Costa, CA make the most of their investments.
Request a free rental analysis to learn how much your unit is worth and how you can improve its overall value!
