The rental vacancy rate in the US is slightly lower than it was this time last year. Filling vacancies is only one of the many tasks you're responsible for as a real estate investor. If you're struggling to juggle these responsibilities alone, hire a property management company.
Property managers in Bellevue, WA can help you with everything from tenant screening to filling vacancies! Not convinced?
Read on to discover the top reasons to hire a property manager today.
Vet Tenants
About 36% of American households rent rather than own homes. While there are plenty of renters in Bellevue, not all of them are reliable. It's important to find renters who will pay their rent on time.
An experienced property manager will take the time to vet potential tenants on your behalf. They'll prioritize tenants who will:
- Pay rent on time
- Cause few issues
- Not cause property damage
- Pay rent long-term
You can hire a property management company that already has an efficient tenant screening process in place. They'll help you by verifying high-quality tenants in a timely manner. Streamlining this process will help you fill vacancies.
They'll even help you avoid discrimination lawsuits. Choose a company that understands local laws and procedures. Their services can save you from a potential headache in the future.
Fill Vacancies
If you're not filling vacancies quickly, you won't generate the maximum income from your rental property. You can hire property managers to market your real estate property. They'll help you find ideal tenants.
For example, they can gather data to determine the optimal rental rate for your units. If you set a price that's too high, you'll scare away tenants.
They can also help you find tenants that are likely to stay long-term. You won't have to worry about vacancies in the future.
Fulfill Requests
A great landlord quickly responds to maintenance requests and other tenant concerns. A quick response time will help keep your tenants happy. Your property management company can handle these requests on your behalf.
Most property managers already have a network of local contractors they've vetted. They'll only choose contractors who will complete quality work.
Remain Compliant
A property management company can help you avoid legal problems, which could otherwise cause financial stress. For example, they help you recognize any possible vulnerabilities. An experienced property management company already understands laws related to:
- Unit inspections
- Tenant screening
- Property conditions
- Safety
- Terminating leases
- Collecting rent
They'll ensure you're legally compliant, leading to fewer problems in the future.
Peace of Mind
Above all else, trusting an experienced property manager will give you peace of mind. They'll step in to handle daily tasks, allowing you to focus on bigger projects.
Relying on an experienced team will keep the stress off your shoulders.
Find a Property Management Company in Bellevue
You don't have to operate as a real estate investor or landlord alone. Instead, hire a property management company in Bellevue, WA. With help, you can avoid stressful situations and make the most of your property.
Need help right away? We're here for you.
Contact us now to learn more about our property management services.
