Considering that the median sale price for a house in Austin, Texas, was $530,000 early this year, you can appreciate the importance of taking care of your real estate investment.
That's one reason it pays to retain the services of a property management firm. Instead of being tethered to your rental property as the landlord, you can entrust landlord duties to an experienced third party.
Are you wondering about the specific benefits a property manager affords?
Continue reading to see how a property management firm can help protect your investment property.
Get Help Finding Good Tenants
A property manager will help you find tenants who pay rent every month, take care of your property, and be easy to work with. You don't want to roll the dice and hope for the best by trying to find tenants on your own.
When you retain a property management company, you'll have help screening tenants to find people likely to be model occupants.
You can count on the property manager to conduct background and credit history checks, request employment and income history, check for criminal history background, ask about previous landlords, and more.
Get Help Caring for the Property
You can also count on a property manager to help maintain your rental property. Any home can lose value if maintenance and repairs are not performed at proper intervals. So, you can't let things fall between the cracks.
A property manager will set up a schedule for preventative maintenance and repairs. When your property is in good shape, your tenants will be more satisfied than if your residential real estate is the worse for wear.
When you invest in real estate, it pays to get the type of insurance that a property manager can offer rental property investors.
Get Help Providing Customer Service
Just because you're a real estate investor doesn't mean you must also be a landlord. If you want to be a landlord, great. However, you might want a property manager to lead out in certain areas -- like tenant relations.
You must communicate effectively to be successful long term. Tenants want responsiveness if they have complaints or questions. Otherwise, they'll look elsewhere at the end of their leases.
If you don't like the thought of being on call 24/7, get a property manager to fill in as your customer service provider. You can get a good work-life balance while your tenants get the level of customer service they deserve.
Need Help With Your Austin, TX, Property?
Owning a rental property is a dream for many people in and around Austin, TX, but not everyone wants to be a landlord and deal with tenants.
The good news is that you don't have to shoulder landlord duties if you hire a property manager to oversee your investment property. A reliable third party will take on whatever landlord responsibilities you want to delegate.
When you need a reputable property manager, get in touch with us at RentWerx. We offer full-service property management. Get in touch to learn more about how we can help you.