There are several advantages to having a property management company manage your investment property instead of a real estate agent. With a management company, you’re getting a team of professionals with years of experience and systems in place that can protect you and your property.
At Miller & Company Real Estate and Property Management, we have full-time employees to take care of all related property management tasks. It’s our focus.
Tenant Screening and Tenant Placement
We conduct a thorough screening for qualified and reliable tenants. Good tenants usually cause less wear and tear on the property, they rent for longer, they pay rent on time, and they cause fewer problems.
An experienced management company has seen thousands of applications, and knows how to discover the real facts about a rental candidate. We can analyze applications for red flags.
By allowing a management company to handle your tenant screening, you will protect yourself against fair housing lawsuits. There won’t be any inconsistencies in the screening process, and you won’t have to worry about the perception of discrimination.
Understanding Landlord Tenant Law
Professional property managers are current in landlord and tenant laws. You won’t be vulnerable to lawsuits and claims. Avoiding a single lawsuit can pay for your property management fees and spare you a lot of wasted time and stress.
Rental Property Maintenance and Inspections
Your property management company can increase the value of your investment. We’ll perform periodic property inspections. Preventative maintenance is achieved by putting systems in place to catch repair issues early, before they become costly.
A team of experts can offer suggestions and feedback on upgrades and modifications that will preserve the condition of your home and help it rent quickly. Your property manager will arrange and oversee maintenance and repairs, manage renovations, and take care of major replacements. Your repair costs will be lower because you’ll have access to a network of licensed, bonded, and insured contractors who have already been vetted for affordability and quality of work. This provides significant savings. You’ll get volume discounts, and your management company will know the contractors who are working on your property. They’ll understand maintenance issues and intelligently supervise the work.
At Miller & Company, we also have an in-house maintenance team that knows the properties we manage. Our system provides flexibility for tenants who want to put in a maintenance request online or talk to an agent 24 hours a day.
Communication and Transparency
Vacancy time between rentals is minimized when you work with a professional property manager. We have two full-time leasing agents focused on renting out your home as soon as possible.
A good property manager makes it easy to manage your money. You’ll get updates along the way in the form of easy-to-read owner statements. You can expect electronic disbursements, cash flow statements, and consistent rental policies.
Good results can only be expected if your property manager is competent, trustworthy, and a good fit for your property. Choosing the wrong manager or using a Realtor can produce many headaches. Most Realtors have the best of intentions, but they lack the time and expertise that a good property manager can provide.
If you have any further questions, please contact us at Miller & Company Real Estate and Property Management.