Are you a landlord in Boise, ID? It's one of the best places to live in the country, with a high annual salary and low unemployment.
However, you may find your Boise real estate investment isn't making as much money as you'd wish. Chances are, you aren't doing all you can as a landlord. We can't blame you - as it's a lot of work to be a landlord.
That's where a full-service property management company comes in. They can handle the most challenging tasks, from rent collection to maintenance.
Here's why you should hire a property manager:
Promotion and Tenant Solutions
Have you had difficulty attracting the right tenants? You can probably do better with your property marketing efforts.
They'll ensure that your property reaches the right type of tenant. Once tenants reach out to you, the property manager can assist with screening. This means that they'll find the ideal tenant for your needs.
Once you've signed a lease agreement with your tenant, you can hand over the responsibilities to your property manager. They can handle any problem that your tenant has. They can resolve disputes with your tenants on your behalf.
Rent Collection
It's often a strain to show up each month to collect your rent. You may also have the hassle of having to send reminders to your tenants. If they don't pay on time, you may have to collect late fees.
They'll collect your rental payments and transfer them to your bank account. They'll also keep records of all received payments, which can help if there's any discrepancy. This alone makes the landlord experience more efficient.
Accounting
As mentioned in the previous section, property managers will keep records of payments received. They'll track bill payments, taxes, and any other associated costs.
This is crucial for your property accounting. You can ask your property managers to keep records on your behalf. You can sit with them at the end of each year to compare records if needed.
It's more efficient for property managers to track your earnings and expenses. You'll have less stress when you need to report your income to your tax accountant.
Maintenance
Property managers can arrange for rental property inspections. They'll arrange for inspections during the move-in and move-out period. They'll communicate with your tenants to conduct at least one inspection during the lease period.
If there's an issue with the property, you can depend on the property managers to handle them. They'll have a network of contractors who can repair or renovate when needed.
Hire a Property Manager
Now you know the benefits of a property manager and how they can help you get more money!
They can help promote your property and seek more tenants. Once you attract tenants, they'll help you screen the best ones. They can also assist with rent collection so you'll receive your money on time.
Property managers can assist with accounting and maintenance as well. But which property manager should you choose?
Wave Property Management has helped several happy clients throughout Boise. We'll be glad to help you.
