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Blog » Property Management » 10 Benefits of Signing Up with High Quality Property Managers

10 Benefits of Signing Up with High Quality Property Managers

by | 0 comments | Apr 8, 2016 | 3 min read |

Property management is a tricky business. For most landlords in the Bay Area, finding the right tenants, ensuring proper documentation for tenant move-in and move-out and conducting timely inspections for property repairs is a major challenge.

On the other hand, qualified and experienced property managers represent a robust property management and cash flow maximizing strategy. Hence, by signing up with high quality property managers, you can yield the following benefits:

 

Save Money

Property managers generally search for the best prices and highly experienced vendors who are licensed, bonded and insured. We then combine outside services with our in-house maintenance staff along with experienced supervisors to oversee and monitor all regular repairs, and inspections, and prevent them from turning into major problems.

 

Increase Revenue

Screening tenants beforehand increases your current revenue stream, and only experienced property managers know how to identify the right tenants from a long list of applicants. They conduct online screening and verification of the documents, before forwarding fully completed tenancy applications to the landlord.

 

Avoid Legal Issues

TransUnion estimates that the total eviction costs borne by an average tenant exceed $1900. In this regard, property managers prepare a rent payment history to help different renters move up their credit ranks and allow landlords to mitigate risks.

A reliable property manager is well acquainted with all landlord-tenant laws that govern the move in, eviction and shifting process. These include:

  • Ensuring compliance with Fair Housing Regulations
  • Protecting tenants from discrimination
  • Providing complete disclosures for lease contracts
  • Recovering the rent and late fees
  • Notifying and inspecting the premises for repairs

 


Consider turning your rental property business into an LLC to protect your assets.

 


Improve the Vacancy Rate

An experienced property manager realizes the detrimental impact of short vacancy periods on property-related cash flows. OneRent can help landlords devise marketing strategies to obtain and avail the highest investment returns.

 

Higher Retention Rates

Trusted Bay Area property managers continually look for ways to enhance their customers’ experience. OneRent offers online portals for landlords and tenants that make property inspection and rent payment easy and convenient. By creating and maintaining an attractive residential society and forging relationships; property managers increase tenant satisfaction and retention ratio, and reduce any turnover.

 

Better Accounting and Management

Property managers fully and freely share all information about investment portfolios and tax deductions with the property owners. They provide all the necessary tools and reports to keep owners informed about all their property-related expenses, income and maintenance.

 

Rent Capture Process

Timely collection of rent is integral for a property owner’s financial success. The property managers, in this regard, are liable and responsible for ensuring timely rent collection from tenants. This saves landlords from the hassle of pursuing tenants for rents, on their own. Onerent guarantees rent on the first of every month.

 

No Compromise on Personal Freedom

Many individuals invest their retirement funds into purchasing rental properties to avail monthly rental income. With a well-reputed property management team, owners can easily travel and pursue leisure activities without worrying about their property.

 

Property Value Appreciation

Annual repair and maintenance inspections for the property, upgrade it to maintain a competitive edge, in terms of market value and higher rents. Property managers therefore, remain in constant contact with property owners on how they can improve property value through simple repairs and renovations.

 

No Stress!

All of the above benefits lead to one inevitable outcome: No Stress! With the due diligence of experienced property managers, you need not worry about anything at all.

Team Onerent
About the Author
Team Onerent writes and curates insightful real estate articles from the point of views of our entire publishing staff. Newsworthy topics regarding company and industry news are written by our team that we believe are worth sharing. Team Onerent of the blog represents Onerent Property Management who provides a hassle-free rental service compared to the traditional property manager. Through a combination of automation and the careful human touch, Onerent’s technology enables its team to provide on-demand showings, instant renter screening, AI-powered leasing data, proactive maintenance, guaranteed rent payouts, and 24/7 support.

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