For many property owners, finding quality tenants is one of the most difficult aspects of managing their property.
Deciding what you want to look for in an ideal tenant can be easy if you’ve already had a few bad ones. But what if you want to avoid that? Property management companies have been down every bad tenant path possible and they know exactly what to look for to avoid treading that same ground. They know what the warning signs are and can steer clear of them, ensuring that your property remains in good hands.
Once you know what kind of person you want though, you still need to find applicants. Property Managers are experts in their areas, they know what advertising works and where to look for potential tenants. This is especially important if you’re looking at owning a property in an area that’s new to you. Property managers have their finger on a city’s pulse and know how to find tenants with minimum expenses. Plus, because management companies list properties regularly they’re more likely to receive discounts from advertising sources – which is a direct savings to your wallet.
Qualifying potential tenants is another step in the process that can be costly to individual owners. Running a variety of background checks can get expensive and calling references for multiple applicants can take a lot of time that many people don’t have. Property managers’ number one priority is taking care of your properties. They have the time to thoroughly vet all applicants before approval. When you have proven quality tenants you don’t need to worry about damage to you property and the money and time you’ll lose making repairs – because good tenants take good care of their homes.
Legal fees alone for an eviction can cost up to $1000; wouldn’t you rather have that money in your bank? Let us help you find the right tenant for your property.