Almost half of California housing units are renter-occupied, and many of these tenants are struggling. Luckily, property management companies in San Francisco Bay, CA can help you find quality tenants and make you a landlord they trust.
Read on to learn some ways that property managers can help you boost tenant relationships and thrive in the real estate market.
1. You Can Relax
Managing a property requires a lot of daily activities. You'll need to deal with maintenance issues immediately, especially in emergency situations. You'll be on call 24/7 in case something happens, and you may spend hours each day communicating with tenants.
This is especially bad since property management tasks don't only come up during regular business hours. Tenant disputes and burst pipes can become late-night issues. This can be taxing on landlords both physically and emotionally.
Hiring a property management company removes this burden from your shoulders. They'll take care of emergency maintenance as well as routine inspections. You won't need to worry about the phone ringing at 2 AM.
2. Rent Collection Is Simple
When you hire a quality property manager, you can set up an easy online tenant portal. Renters can go here to pay their rent. The manager then will make sure that everyone gets their money on time as outlined in their lease.
They'll deal with the nitty-gritty of rent collection. This means accounting for all rental payments and documenting them for future reference. It also means that they'll reach out to clients about late or missed payments so you don't have to.
You'll be able to retain better relationships with tenants when you aren't the one pestering them for rent. More importantly, though, you won't be constantly contending with payment documents, tenant portals, and dozens of emails.
3. You'll Get Quality Tenants
Finding good tenants can be challenging. You'll need to talk with potential renters and perform background checks for criminal and eviction histories. You also will have to contact past landlords, employers, and other references on your own.
This can take several hours, and it's nearly impossible if you have multiple applicants (or several properties). It's easy to gloss over some aspects of checking tenants or make mistakes. Mistakes can lead to rent collection issues, legal compliance problems, or even crimes on the property.
A property manager will conduct this research for you. They have the expert tools and knowledge required to do so. You won't need to spend this time looking into tenant backgrounds and communicating with them directly, and you're more likely to get accurate results.
Use this time instead to maintain properties, build good tenant relationships, and do market research to find more properties to manage.
Use Property Management Companies in San Francisco Bay, CA
Finding and retaining quality tenants can be challenging for busy landlords. Luckily, property management companies in San Francisco Bay, CA can help you forge good relationships with tenants.
From contending with rent collection to maintenance issues, you'll have someone to help you overcome each obstacle you face. Contact Kenny Realty to learn more about sales and property management services in California.