Posted by: phillipsre | May 7, 2015

Benefits of Hiring a Property Management Company

peopleMany people find themselves in the situation of becoming a landlord. Whether the choice was intentional, by purchasing a new investment property or whether you have become an accidental landlord. There are many benefits to hiring a property management company to get the most out of your rental investment. This article highlights some of the reason that property management makes sense. Here are just a few of the highlights included:

Finding Quality Tenants – Save yourself time and energy and let the professionals find the tenants for you. They know how to screen them and they also know what to look for in quality tenants.

Less Legal Hassles – Property Management companies are constantly updated on current landlord-tenant laws. They stay in the know, so that you don’t have to. They also have the resources to help fight any legal battles and saves you from the legal and financial headaches that come with troublesome tenants.

Stronger Tenant Retention & Shorter Vacancies – A good property management company will have a time-tested tenant retention policy that ensures happy tenants with lengthy stays in your properties. And while we know that turnover is inevitable in some cases, seasoned property managers are able to turn over rental properties quickly and efficiently, saving you time and money on your empty unit.

Asset Management – Another benefit of having a professional property management company on your side is the value of asset management they can provide to your property. These professionals see numerous buildings and properties throughout their days, weeks and months. They know what the trends are in buildings all over your city. It is important to work with your property manager and allow them to share with you what you can do to improve your investment, in order to keep you competitive with the others in the market.

To read additional benefits of hiring a property management company, click here, and to find out if hiring a property manager is the right choice for your rental situation, click here.  If you would like more information and would like to discuss your specific situation with a professional property manager in the Seattle area, click here to contact Phillips Real Estate Services.

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