Are you a landlord in Boise? You've made a smart decision by owning a rental property in the city, as it ranks highly among similar cities. However, as you've already realized, landlord duties can be a major stressor!
Both amateur and experienced landlords offset their duties by hiring a property management company. These companies can handle most of your tasks for you. This is crucial if you want to keep running a rental business without being overwhelmed.
Here's when you should consider landlord rescue.
You Have a High Turnover
One of the biggest nightmares for a landlord is not having a good tenant renew their lease. You'll waste time having to find new tenants each year. In the long run, you may develop a reputation as a bad landlord if you have a high turnover rate.
Property management companies play a key role in improving tenant satisfaction. They'll work to resolve any tenant disputes. They can also use tenant screening to make sure you find the best fit for your rental property.
You Have a Low Profit Margin
If you're not earning enough from your rental property, you need to consider hiring a property management company. A property management company can conduct a rental valuation for your home.
They'll be able to suggest what price you should charge for rent. They can offer advice on how to charge a higher price if you wish.
They can also advise you on what amenities to add to your home. Property managers can serve as a point of contact for your tenants.
This gives your tenants a sense of comfort they won't find easily, which justifies charging higher rates. Furthermore, property managers can handle the rent collection process. They'll collect the rent from your tenants and send it to you. They'll also send reminders to ensure your tenants always pay promptly.
You Struggle With Rental Property Maintenance
Rental property maintenance is one of your biggest landlord duties - and one of the most stressful ones! If you've been neglecting your rental property maintenance, you can't postpone landlord rescue any longer.
The property management company will hire a professional rental property inspector. They'll inspect your property to see if it's ready for a tenant to move in.
Property managers will also have a group of contractors whom they can hire on your behalf. This can range from electricians to plumbers to cleaners. They'll make sure your rental property is always maintained to the highest standards.
Consider Landlord Rescue
Now you know you don't have to stress about your landlord duties! With a property management company, you can use landlord rescue services for your toughest tasks.
If you have a high turnover, low profit margin, and struggle with rental property maintenance, then you'll want landlord rescue. A small investment with a property manager will save you money in the long run.
Wave Property Management is Boise's best property management company for landlord rescue services. We are unique in that we offer our services to all income levels. Contact us to learn more.
