If you own investment property, you probably spend numerous hours every week handling a variety of issues related to your property. Whether it’s making sure that the lawn is mowed, collecting rental payments, or making repairs, it seems like there is always something that needs to be done on an income property. Fortunately, a company that offers property management Phoenix can help.
Why You Need a Property Management Company
Unless you want to spend a significant part of your day working on tenant and property related issues, you’re probably going to want to hire a professional property management company. Additionally, your property management company will be able to keep things running smoothly, even if you are away on vacation, working at your regular job, or enjoying your retirement years. One of the biggest benefits of hiring an experienced property management company is that you’ll be able to enjoy life without feeling like you always need to be tied to your investment property.
What types of services can a property management company provide?
A professional property management company will be able to handle all aspects of maintaining an investment property. They’ll offer services, such as:
- Placing advertisements for tenants
- Running background checks on prospective tenants
- Signing lease agreements
- Finding and signing contracts with contractors for property maintenance
- Collecting rental payments
- 24/7 emergency contact for residents
- Enforcement of lease terms
- Property inspections
If it has to do with the day to day operation of running your investment property, you will be able to count on your property management team to take care of it.
A big part of a property managers job is to make sure that tenant issues are resolved, the property is kept in good condition, and that rent payments are received on time. Of course, they can also handle issues, such as evictions, accounting services, rental analysis, and HOA compliance.
The Right Property Management Team can Help You Save Money
Property management companies are generally very affordable; however, aside from the small price you pay to get your life back and leave the tenant and property problems to the professionals, your property management company will likely be able to help you save money. For example, occupancy is an important part of making the most from your rental property. If occupancy rates are down, your income suffers. Your property management team will know how to screen for the right tenant, which can help reduce tenant turnover and keep occupancy rates as high as possible.
When you own any type of rental or income property, an experienced property management company, such as Paramount Management & Realty, can help you get the most from your investment.