How Property Management Can Help You Protect Your Investment

How Property Management Can Help You Protect Your Investment

If you're an LA-based landlord, you know how important it is to protect your investment.

Being a real estate investor comes with all sorts of pitfalls. From property damage to delinquent renters, it's important to do everything you can to keep your investment viable for the long haul.

One of the ways to do this is to hire property management services for your investment property. In today's post, we'll explain what a property manager brings to the table, so keep reading and find out how to better care for your Menifee real estate investment.

Property Marketing

Property owners fear two things: rental vacancies and delinquent tenants. To prevent both of these things, you need to market your rentals to the right candidates and screen those candidates to find the perfect tenant.

When it comes to property marketing, the most important thing is to create a quality rental listing. A property manager will take plenty of professional-quality real estate photos and write a detailed listing that tells renters about the property, as well as the local area.

They'll then post the best rental listing sites. They'll even take it to the next level by investing in things like SEO and paid ads to put the listing in front of more renters.

Tenant Screening

Casting a wide net with property marketing is great, but you need to vet your applicants. Having a bad tenant in your rental will lead to unnecessary stress and could even cost you money.

Thorough tenant screening involves looking into an applicant's financial and criminal background to make sure they're a good fit and that they can afford rent payments. You can also contact former landlords to get a sense of the person's character.

A property manager has tried and true tenant screening methods that ensure you'll get the best possible tenant in your units.

Tenant Management

Once you've got good tenants, it's your job to make sure they're happy. A property manager will offer a variety of services to facilitate a positive tenant experience.

One of the ways that they'll do this is by maintaining the property regularly. Whether it's performing inspections and proactively addressing issues or responding to tenant maintenance requests, you'll never have to worry about tenants leaving because of issues with the unit.

They'll also offer seamless rent collection methods. It's important to offer simple and efficient rent collection for your tenants. A good property manager will utilize a tenant portal that allows tenants to pay rent, make maintenance requests, and leave messages for the landlord.

Choose a Smarter Solution for Your Investment Property

As you can see, hiring a property manager will make it easier to run your Menifee investment property. Now that you know what a property manager does, it's time to tell you about the best property management firm available.

PMI Smarter Solution is one of LA's top property managers. We offer a range of services that includes everything discussed here and more. To learn how we can help improve your rental property, contact us today.