Many property owners initially decide to self-manage their own rental. However, many owners underestimate just how much time can be saved when partnering with a property management company. Here are 5 of the most important ways a property manager allows you to spend less time managing your rental, and more time on the things you enjoy doing!
- Payments are collected for you.
This includes more than just rent payments. Many rental agreements include security deposits, rental increases, and possibly other charges that are unique to your unit. At Red Rock Property Management, we take care of all of your transactions for you.
- Your tenants are efficiently screened.
With thorough screening software, a property manager can perform an in-depth screening on every prospective tenant. They are checked before ever stepping foot in your property. This ensures that you receive quality tenants who will care for your rental.
- Your unit will be filled quickly.
Rental property managers have the ability to advertise your property on a large scale, to a massive pool of renters. This means your gaps of vacancy are shortened drastically, so that you can rely on consistent income and not worry about when you’ll get your property rented.
- Legal compliance is done for you.
The average property owner typically does not know all of the legal requirements of owning a rental property. There are many regulations to abide by including Fair Housing Laws, residential taxes, and security deposits. At Red Rock Property Management, we stay up-to-date with all legal requirements and do everything possible to mitigate the risk of having a rental property.
- You don’t have to take care of maintenance and repairs.
Property repairs take time. Even the simple fixes that don’t cost a lump sum still require in-person attention. When a property management company takes care of maintenance and repairs for you, you can feel assured that your property is being taken care of without having to sacrifice your own time. Our team prides ourselves on offering all of our tenants a 24/7 maintenance line that lets us respond to repairs quickly and efficiently.
We know that property owners have busy lives. Whether you’re looking to spend more time with loved ones, find other investment opportunities, or pick up a new hobby, let Red Rock Property Management take on the task of managing your homes. It’s what we know and love!