When landlord life gets crazy: call a property management service
A support system worth investing in
Picture a home where the entire downstairs is flooded due to a leaking pipe in the bathroom…a situation where the lives of the inhabitants are completely in disarray and a solution must be found quickly. Now, add in the idea that the home is a rental and the tenants are not very happy with the current situation!
As a landlord, it is very common to deal with maintenance issues on a regular basis. From conducting a yearly inspection to emergency repairs, it is always a good idea to be prepared for anything life throws your way. If you aren’t 100% sure how to handle these tasks or don’t have the time to deal with the 1:00 am phone call about a flooded bathroom, a property management company might be a great way to help out when problems arise.
How can a property management company help?
A property management company can help in three specific ways when it comes to fixing concerns with your home.
- They are ready and able to help with 24/7 maintenance concerns
- They have a list of qualified contractors and vendors that are completely vetted and trustworthy
- They are knowledgeable and able to help with every step of the process
Interested in learning more about how a property management service can provide 24/7 maintenance? Take a look at the blog “24/7 Maintenance and Repairs for your rental home: property management done the right way.”
Highly trained individuals to deal with any issue 24/7:
A property management company has the ability to handle all of the issues that arise when dealing with maintenance concerns and the proper running of a rental property. They have a staff that is ready, day and night, to deal with any concerns that come with renting a property. A property management company also has a seamless process to handle the job and keep you informed. From payment processes to communication, they have procedures put in place to allow for a quick and efficient working relationship. They are always available to help when it comes to the tenant, landlord, or contractor.
Qualified contractors and vendors:
Any experienced property management company will tell you that finding a qualified vendor/contractor is crucial to keeping a happy tenant and home. Whether you are looking to hire for an emergency maintenance issue or for yearly repairs, hiring someone with a longstanding relationship is best for both the service and price. A property management company typically has a list of vetted and highly-qualified contractors that have gone through a screening process and worked for the company for years. Individuals who have a solid reputation in the industry, trusted references, and are both licensed and insured. This long-standing relationship is key to getting the work done correctly and efficiently!
Property Manager takes the lead
When you hire a property management company, you are assigned a specific person to oversee the proper running of your rental property. The individual is there to deal with tenant concerns, keep you abreast of all things happening to your home, and deal with maintenance and repairs. The property manager is there to help prioritize work, such as:
- Collecting rent and dealing with tenant concerns
- Discussing any concerns with you and addressing problems/solutions
- Outlining the steps needed to fix any issues
- Contacting and keeping the contractors and project on track
- Helping to make sure the project is done correctly and efficiently
Ultimately, the property manager is there to help make sure everything is done right when it comes to your rental home.
A property management company is something that every landlord should consider and potentially investigate. They are a support system of individuals to help with maintenance, repairs, everyday tasks, and keep the lines of communication open between tenant and homeowner. They are a way to reduce stress due to their knowledge and specific skill set.
Need help with your rental home?
At Oak City Properties, we make sure to work with you each step of the way when renting your property. Our full management property service will market the property, locate prospective tenants, and show the home. Once a tenant is placed in your rental property, we will: collect rent payments, assess and collect late payment fees, provide 24/7 maintenance, help with accounting/tax services, and deal with any court appearances in the event of an eviction.
If you are interested in learning more, give us a call at (919)-232-9222 or check out our website: http://oakcityproperties.com
Want to read more about property management services? Here are a few blogs that may interest you: