If you’re a landlord, you’ve probably got a pretty full plate. Tasks like keeping up with maintenance, making sure units are filled, and collecting rent are all part of the job. But, what if it didn’t have to be?
4 Reasons to Hire a Philadelphia Property Manager
If you’d like to take a step back and just enjoy the benefits of renting out your properties, it may be time to hire a property manager for your Philadelphia rental home. Here are just a few of the things you won’t have to worry about anymore after hiring a property management company.
- Collecting Rent: Whenever money is changing hands, things have the potential to get sticky. No landlord wants to deal with collecting rent from tenants that can’t or don’t want to pay. If you hire a property manager, the ball will be in their court instead of yours. Instead of spending your time dealing with non-paying tenants, your property manager will handle it. No more uncomfortable phone calls and stress.
- Handle Lease Infractions: Especially if you own multiple properties, keeping on top of lease infractions can be a full-time job in itself. You have rules for your units for a reason. They keep your assets safe and in good condition. However, if you’re stretched too thin, you may not have time to make sure the rules are being followed. This is another chore that a property manager can handle. They will make sure your properties remain in excellent condition and reduce the risk of potential liability.
- Maintenance Calls at Inconvenient Times: Most landlords have gotten that phone call in the middle of the night. The one that lets you know that something in one of your units needs immediate attention. You can generally bet that it’s going to be a rough night no matter what side of the call you’re on. But, what if you didn’t have to be the one getting that call in the first place? Don’t let another one of your nights get ruined by an emergency call. When you hire a property manager, they’ll be the ones fielding those middle of the night issues.
- Keeping Units Occupied: It doesn’t matter how many properties you own. If you don’t have high occupancy, you’re missing out on some serious potential income. When you hire a property manager, you’ll have an upper hand in keeping those units filled. When a tenant moves out of a unit, there’s always some turnaround work that needs to be done. Property management services often come with their own clean-up teams that get the job done so you can get back to collecting profits. When it comes to actually finding a new tenant, management teams have an advantage. They’ll have their own advertising networks to promote your rental, and they’ll handle all screening and paperwork. You can be as involved–or uninvolved–as you choose. There are about 2,654 new renters in the U.S. every day. Your property manager will help you find the right ones.
Hire a Property Manager
Are you looking to take some of the responsibilities of being a landlord off your plate? Trying hiring a property manager to handle the day to day operations of your Philadelphia investment property. Bay Property Management Group Philadelphia offers full-service property management to handle everything from tenant placement to after-hours maintenance calls and more!