A lot of today's property owners find themselves wondering if all the stress is worth the money.
Landlord stress is a very real problem. If you're finding yourself in over your head with property and tenant issues, it might be time to look into full-service property management.
In today's post, we'll tell you why Melville landlords should consider property management and how it might be able to help you avoid landlord stress. Read on and learn about the benefits of property management.
Tenant Screening
What is full-service property management?
There are various types of property management. A full-service property manager takes care of all aspects of being a landlord, which starts with tenant screening.
The quality of your tenants will make or break your rental property. Get good ones and you'll get to enjoy a lucrative property that doesn't need too much maintenance. Bad ones will damage the unit, miss rent payments, and trigger a lot of the stress we discussed above.
A property manager will use thorough tenant screening tactics to single out the very best rental candidates. You'll never have to worry about this important aspect of being a landlord because they'll ensure it goes smoothly.
Rent Collection
Rent collection is how you earn your monthly landlord income. If you don't have a sensible rent collection process, you may never get your rent payments on time. You need to accommodate your renters and make paying rent simple and predictable.
This is one of the biggest benefits of property management. Property managers offer tenant portals, where your tenants can log in and quickly pay rent, as well as make maintenance requests or other inquiries. Portals are a great way to boost tenant satisfaction and retention.
Property Maintenance
Rental properties go through far more wear and tear than owner-occupied homes. Even with great tenants, you're going to have to put money back into your home so that it continues to be a viable investment. Fall behind on this work and your property can quickly fall into disrepair.
A property manager can take this massive responsibility off of your plate. They can take care of minor maintenance tasks for you regularly. For more intensive maintenance and repairs, they'll have a long list of local vendors who can come and fix your property so that it remains in good shape.
Eviction Protection
Great tenant screening will prevent evictions for the most part. If your property manager comes on board and you've already got delinquent tenants, they can help you through the eviction process, which can be stressful and time-consuming.
With a deep understanding of New York State's eviction laws, they'll efficiently rid you of poor tenants. Afterward, they'll market your rental unit, screen applicants, and make sure you have good tenants moving forward.
Get the Best Full-Service Property Management in Melville, NY
Now that you know why you need full-service property management, it's time to tell you how to find the best services in Melville. PMI Lighthouse is part of the country's largest and most reputable property management group.
We offer a wide range of full and partial property management services. Contact us today to learn how we can help you.
