Working with a professional Matthews property management company is always better than self-managing. With a team of professional managers who have local industry experience and a great reputation for outstanding service, you can have a better and more successful investment experience.
We often hear from landlords who think that they can save money by managing their own properties. The truth is, you often spend more as a self-managing landlord. That’s because mistakes are expensive, and so is the loss of your time and peace of mind.
Today, we’re explaining why professional property management makes sense for Matthews rental property owners.
Professional Matthews Property Management and Vacancy
Vacancy will stunt your rental income and minimize your long term return on investment (ROI). If you don’t price your home properly, get to know the local tenant pool, or provide an attractive, well-maintained home, you’re going to have a long and expensive vacancy period. A professional property manager can automate and improve the leasing process with better systems and strategies. We know how to price your property competitively and profitably. We know how to market it strategically and what we need to recommend in order to attract good tenants quickly who are willing to pay top dollar.
Turnover is even more expensive than vacancy. Not only do you miss out on weeks or months of rental income, you also have to pay for maintenance and cleaning. You have to touch up your landscaping and spend time showing the property and screening tenants. A professionally managed property has lower turnover because property managers have the time and the expertise to be responsive to the needs of tenants. When your tenant moves, we can make the repairs and re-rent the home a lot faster than self-managing landlords.
High Quality Tenants Pay Rent on Time
Effectively screening tenants is often a challenge for self-managing landlords. The leasing process also opens you up to a lot of risk. Professional managers understand fair housing laws, and we know how easy it is to make a mistake during the marketing and screening process. We provide written rental criteria, we screen everyone fairly, and we have a consistent and well-documented process. We have resources and screening platforms that are hard for self-managing landlords to access. Professional managers can deliver a well-screened tenant who can be counted on to pay rent on time and take care of your rental home.
Risk Management and Liability Protection
Fair housing laws and security deposit requirements and other details in landlord and tenant laws throughout this market make it easy for landlords to get confused. Do you know how to legally raise the rent? Do you have a legally compliant lease agreement? Do you know that service animals and support animals are not considered pets?
The laws are complex, and they are always changing. A property management company stays up to date and protects your investment.
These are just a few of the reasons you should always consider professional property management when you’re renting out a property in Matthews. We’d love to tell you more, so contact us at RE/MAX Gold.