Rental properties can be great investments, as they can provide an additional source of income. However, owning rental properties means that you have additional responsibilities, including maintaining the property, screening tenants, collecting payments, and handling disputes when they arise, among other important tasks. A property management company can help you manage these responsibilities, as well as provide other benefits, including:

• Advertising: The first step to earning income from your property is by letting the public know that you have space available for rent! A property manager can assist with the marketing and advertising stages.

• Finding Tenants: Tenants that pay rent on time and take care of your property are the tenants that your property manager can help you to screen for. The property management company can also help to find tenants who are looking for long-term residency, meaning you have shorter periods of vacancy.

• Avoiding Lawsuits: A property management company will understand federal and state laws that the rental property owner should be aware of to help avoid a variety of lawsuit charges, including wrongful eviction and fair housing discrimination.

• Collecting Payments: A property manager acts as the middleman, providing a buffer for the property owner, and aids in collecting rent, while handling evictions or late payments if necessary.

• Cut Costs & Increase Savings: Keeping your properties well-maintained not only helps to protect your assets but keeps your tenants happy and wanting to stay longer. A property management company can help save you money on repairs and maintenance costs by knowing a network of experienced contractors. The streamlined process, overall, can help you to save more money.