Many services can handle your most important paperwork for you, from tax professionals who'll file your tax returns to estate planners who'll draft your will. One of the most important documents a landlord will ever have to manage is a lease.
These legally binding agreements are essential to get right. They can be the difference between getting and keeping a tenant, and they're also full of legal pitfalls to avoid.
That's why they're among the many pieces of paper that a landlord should have a professional help them with. Read on for three advantages of working with leasing management services in Boise, ID.
1. Fewer Vacancies and Better Tenants
A vacant rental property is a money pit. You're throwing away dollars into it every day there isn't a tenant living there. The average vacancy rate in Boise is approximately 6.04%
Leasing management services help you fill them. They use the best possible marketing strategies to attract tenants such as ads, photos, and captivating descriptions. They also research the market to find out the best rental rate.
Having a delinquent or dangerous tenant is like turning a money pit into a dragon's lair. The leasing manager reduces the likelihood of this happening. They'll conduct thorough interviews and screening before they step on the property. They'll also handle evictions if problems remain.
2. Better Maintenance
Boise leasing management services are also connected with local maintenance services. They have them on contract, available to fix anything you may need.
This makes the process faster and takes the burden off you. It also makes it more affordable because the leasing manager can get a fairer rate and pass the savings on to you.
You can also pass these time and money savings on to your tenants. A study from 2022 showed that 35% of them appreciate having to do less work to maintain a rental property than a house. Use a leasing manager to keep it looking its best without effort for them. They'll be more likely to renew their leases and not leave you with a vacancy. It's a win-win for everyone.
3. Less Legal Liability
Leases are complex documents. Even the shortest ones are full of legal and real estate jargon that first-time landlords may have trouble understanding.
A leasing manager handles the process for you. Their eagle eyes can check each one over to spot any errors and correct them.
Leasing management services in Boise also know about all the state and federal laws they need to follow. This protects you from expensive and time-consuming lawsuits or other legal issues.
How Can a Property Management Company Help with Lease Management?
Leasing management is an essential service for every landlord. It gets trustworthy tenants into your properties and helps keep them there. It gets you fast, affordable maintenance services. It also reduces errors or legal liabilities in your documents.
Wave Property Management is a full-service Boise property management company that also serves the surrounding communities. We set ourselves apart with trustworthy and transparent communication. Contact us for help achieving your investment goals today.
