Why Hire A Property Manager?

Owning rental properties is a fantastic way to make passive income when you have another job. Owning rental properties is also a fantastic way to increase your overall assets should you need to borrow against them later in life. However, owning rental properties is not as simple as some might imagine. There are some ways that you can make owning rentals easier, and the most important is to hire a responsible and reliable property manager.

It is helpful first to learn just what a property manager is. Property managers are the proxy by which your tenants can lodge complaints, get things fixed, pay rent, and communicate if you are not on the premises. For those rental owners that do have other jobs, a property manager is going to make your job as a landlord far simpler. Property managers can help reduce the workload for you and can help make the lives of your tenants far easier and more enjoyable as well.

Doing it all yourself is certainly doable, it is however very difficult and can cause stress and make owning rentals harder than it has to be. The first reason you need a strong property manager is that if you own tons of rentals in different locations, it might not be possible for you to make the rounds and visit each property every time there is an issue. A property manager can work as a proxy between you and your tenants so that you can get your work done and keep your tenants happy as well. Instead of having to worry about things like collecting rent, you can focus on other aspects of your life.

Another benefit to a property manager is the presence of an authority on site at all times. In most cases, things are not going to happen all at once and having a property manager on site from 8 am to 4 pm allows your tenants a chance to talk with the manager over a larger span of time to resolve issues. Having a manager on site or close also makes it far more likely that your tenants will come to you in the event of an issue rather than letting it go until late at night when repair is not possible.

The last benefit to a property manager is that you do not have to micromanage your properties. With a property manager, you know your properties are safe and being managed wells so that you can focus on your other job if you have one or on improving your rental properties for the future. A property manager will also know the ins and outs of rentals so if you are new to the game you may be able to learn from your property manager. Overall, a strong property manager can make the rental games easier, more enjoyable, and more profitable in the long run. Visit AZ Residential Management to read more of our blogs full of useful tips to help you get the most from your investment.

5 Underrated Rental Amenities You Must Promote

When marketing your rentals there are certain things that each and every rental owner promotes, things like large kitchens, multiple bedrooms, and even living rooms are all a great selling point. There are other aspects of your rentals however that you should also be pushing to help your renters decide to come and rent from you.

  1. Floors- no one wants carpets that can hold on to bacteria, dirt, and that can cause allergies. You should be promoting new flooring. If you have laid laminate or hardwood, this is a selling point. Wood and laminate are easier to clean, more hygienic and all around better for renters.
  2. Included appliances- many rentals do not include appliances making it the responsibility of the renter to bring their own or buy their machines. If you are lucky enough to have a rental that has appliances this is a huge selling point. No one wants to deal with finding a washer and dryer, as this creates other headaches such as proper measurements, plumbing, and problems properly securing a new appliance.  If your rentals offer appliances, this is a huge plus.
  3. Fresh paint- another selling point you may be missing is new paint. If you have recently repainted, this gives the place look new. As a general rule, any renovations you make can help promote your property. As it shows, you care what the property looks like and keeping your tenants comfortable.
  4. Included Utilities- if you have included utilities this is a huge selling point. You should make sure that if you are going to include amenities like water, cable, electricity or gas that you set any thresholds you may want to set prior to taking on tenants. You should outline just what is paid in your rental agreement and you should keep your renters informed of any changes that might be made.
  5. Age of the Property- the age of the property is also a huge selling point. Younger properties are going to be newer overall and are going to have better amenities as a general rule, but they might also be in less desirable areas. Older properties are likely going to need to be updated if they have not been already and they may have problems that are unforeseen.

No matter what rental property you own, taking the time to market them accurately and to accentuate the good is the best way to get renters and to keep them. Tenants want responsible landlords and exceptional rental properties that are not only going to be a place to stay but a place to call home and to raise their families for a long time. Visit AZ Residential Management for more useful blogs and tips.