With the changes in the real estate market many owners are choosing to rent their current homes instead of selling them. For this reason, we receive calls daily asking why owners should hire property managers to manage their homes. The first reason is obvious-owners are moving out of the area. It is difficult to manage a home if you do not live in the area. Making yourself available for showing the property and emergency calls on a moment’s notice is impossible. Also, many times property management companies can obtain more rent for a home than an owner. Tenants are aware that they will be dealt with professionally when issues arise with the home. Tenants expect to pay for a property management company. They are aware that they don’t have to make embarrassing repair calls to the “landlords” and will have their issues taken care of in a professional manner. Another reason many owners hire property management companies is the extensive background checks management company’s conduct on prospective tenants-many times this will include credit reports with risk scores, fraud, eviction, criminal, and bad check searches and employment and past landlord verification. These are of the upmost importance when qualifying a prospective tenant. Additionally, the management company will pay the costly fees of advertising your home and keeping the ads updated on a weekly basis and they know what to say to make your home be the most attractive home to tenants. These ads should include print ads as well as internet advertising. Furthermore, and one of the most important aspects of property management, is knowing tenant-landlord law. Your property management company should be aware of what to do when rent is late, how to work out violations, how to complete move-in/out inspections, early termination etc. All of these items should be handled by a property management company so you don’t have to worry about it.
If you have any questions or would like to receive a full package regarding property management please don’t hesitate to contact us at 661-294-8500 or visit our website at www.SCVLeasing.com