Being a landlord isn't easy; in addition to owning and leasing out property, you also need to meet certain legal responsibilities. Add these tasks on top of your everyday life, and it can be difficult to juggle everything at once.
To lessen your burden and stress, and to keep that income actually passive income, you should use a property management company in Pleasanton, CA. While you'll have to pay extra for these services, it'll be worth every penny spent.
Read on for the various benefits their services can offer.
Efficient Tenant Screening
There's nothing worse than a renter who wrecks your property and terrorizes others. They might even fail to pay rent and then stay put in your unit, which can be a whole mess.
Property management companies have experience and robust tenant screening processes, so there's a higher chance of you getting reliable and responsible renters. This means there will be a lower risk of late payments, property damage, and evictions.
Reduced Vacancy Rates
Do you have issues filling all your units? Then you won't have to worry about that with a property manager.
Not only do they have experience with effective marketing, but they'll also be proactive in attracting potential tenants. They'll minimize the time your units remain vacant, so you'll maintain a steady rental income stream.
Timely Rent Collection
Collecting rent can be like pulling teeth; it can be difficult to get every renter to pay their rent on time, and then you have to chase them up when they're late.
A property management company will handle rent collection and ensure everything's in on time. They'll enforce lease terms for you too, and handle late payments and initiate legal actions if required.
Property Maintenance and Repairs
It's important to keep up with property maintenance. This can keep current tenants happy and attract more people to rent with you.
A property manager can oversee routine maintenance, as well as repairs. They'll address issues promptly to ensure higher tenant satisfaction and longer lease durations. Lower turnover rates mean lower costs for you.
Better Accounting and Financial Management
Real estate investing may sound easy; purchase affordable rental properties, rent out the units, collect rent, and make a profit, right? However, things are much more complicated than that.
You have to stay on top of accounting and your finances to see if your investments are truly paying off. And a property management company can help with that.
They can handle financial aspects in addition to rent collection, such as security deposits and budgeting. They'll provide transparent and detailed financial reports, making it easier for you to track the income and expenses associated with your properties.
Work With a High-Quality Property Management Company in Pleasanton
If the above benefits have you convinced, then you're probably wondering which property management company in Pleasanton to use.
We at Pleasanton Property Management are here to help. We're so adept at our jobs that we haven't evicted a resident we screened in over 12 years. Our team has over 40 years of combined industry expertise, so you can count on us.
For quality leasing management services in Pleasanton, contact us today.