Owning a rental property is a gratifying experience as it often generates a steady income.
However, at times it can be difficult and time-consuming, which is why using a professional property management company can be very beneficial - especially for landlords who own multiple properties.
The advantages of choosing to work with a property manager can save you a significant amount of time and money and make owning a rental property a stress-free and rewarding experience.
| Learn More About Our Residential Property Management Services in Calgary |
Benefits of Hiring a Professional Property Management Company
1. Effective Tenant Screening
It’s crucial to have as much information as possible concerning potential new tenants before you let them live on your property. A professional property management company has the resources and experience to conduct comprehensive tenant screening which in turn leads to:
- Higher quality tenants
- Higher retention rates
- Tenants who pay rent more reliably
- Tenants who create less damage to your rental property
| Learn More: Importance of Tenant Screening |
2. Fewer legal worries
Property management professionals handle all the legal aspects of dealing with tenants and maintaining a rental property such as:
- Tenant evictions
- Property inspections
- Lease negotiations
- Lease terminations
- Collection of rent
Property managers also make sure that each property is in compliance with property codes and safety laws, protecting you from costly lawsuits and helping you make the most out of their investment.
3. Shorter Vacancy Times
A professional property manager knows how to get a home rented and keep it rented for as long as possible. From determining a competitive rental fee to effective marketing strategies, a property management company keeps your home occupied, maximizing your profits.
In addition, potential tenants often seek out larger property management companies when looking for a rental property rather than looking in classified ads or on Craigslist.
4. Better (and cheaper) maintenance of your property
It’s easy to forget the details of home maintenance when you don’t live on your rental property. A property manager makes it their job to take care of all the maintenance issues and repairs, protecting your assets and increasing the value of your home.
In addition, property management companies often get significant discounts from contractors and maintenance workers, saving you money in the long run.
5. Helps you grow your business
Even if you do enjoy hands-on management, you may not have much time to devote to looking after your rental home. Hiring a property management company can reduce your workload, allowing you to spend time growing your business and search for new properties instead.
6. Peace of mind
With a reputable property management company in charge of your rental home, landlords are free to spend more time with their families, explore other hobbies or interests and travel extensively - with total peace of mind.
Learn More
To learn more about our comprehensive property management services in Calgary, contact our office at 403-800-0330.
