Why should I hire a property management company?
When starting the process of leasing your property, one of the first questions is likely, “Should I hire a property management company?”. There are many benefits to hiring a professional property manager to take care of your investment.
Pricing Your Property
It can be difficult to put a price on your home. You know it’s value to you, but the market might say different. Property Owners often make the mistake of pricing their home too low, or too high. If your price is too low, you won’t maximize your investment property income. If the price is too high, you could have a longer than normal vacancy time which reduces your cash flow and increase your holding costs. Hiring a professional property management company that knows the market and has years of experience will will be able to accurately price your home for renting and minimize unnecessary vacancy time.
It’s an unfortunate reality that renting your home can carry some risks. Contract errors, evictions, home repairs, tenant relations and rent collection are all areas that can be difficult to navigate without experience. Even the most tenured landlords can struggle with these aspects of renting their property. A property management company works as a middle man, ensuring both parties are treated fairly and all transactions are handled appropriately.
A professional property manager knows the legal aspects of a leasing contract and can ensure it is executed properly. Your property manager will handle money collection, deposits, contracts, maintenance, inspections, disbursement of rental proceeds and monthly owners statements just to name a few.
How Perla’s Properties can help you!
We take personal care of each of our landlords properties. With years of experience in property management and leasing you will be in good hands. At Perla’s Properties, you know your call will be answered or returned within a timely manner and you are not just another number.
Here’s an example of what hiring Perla’s Properties, LLC will provide for you:
•Knowing who to call when your unit needs cleaning, painting, repairs or routine maintenance.
•Advertise and field numerous rental calls and show the property.
•Screen applicants properly to ensure you we are going to put the best tenant(s) in your property as possible.
•Fully execute the leasing agreement, adding addendum’s if necessary, provide a move-in move out inspection report, deposit and disperse all monies.
•Receive tenant calls for maintenance or emergencies at all hours of the day and night including weekends.
•Confront tenants on tough issues like collecting rent, posting the premises or taking better care of the property.
•Collection of non sufficient funds, checks and late fees.
•Serving legal notices or start the eviction process if necessary with the assistance from our attorney.
•Mail the tenant’s security deposit or submit a claim against it within the legally required time frame.