Why use ALBAMARGROUP to manage your rental property?
If you have just purchased a stellar investment property and have decided to rent it out, you’ll need to think about how you are going to go about this process. One of the primary decisions to make is whether or not to use a real estate agent. Using a property manager can cost approximately 10-20% of your total rental income each week, which is why some people may question this option. However, the services that a good property manager can provide are invaluable and can be worth far more than this fee. Renting a property requires a lot of work and a high level of commitment and many property owners don’t have the time or the inclination to put in the required work. Using a property manager can make your life much easier.
If you decide to hire a real estate agent to manage your property, you’ll want to make sure that you find someone who will work hard to protect your investment. Compare agent qualifications and make sure you find someone who specializes in property management.
Duties of a Property Manager
One of the first reasons to consider hiring a real estate agent that specializes in property management is they help provide a buffer between you and your tenant. If there are any problems with late payments or damaged property, the agent deals with these issues so that you can avoid any unpleasant confrontations.
Today’s top property managers are fully licensed real estate agents. They know all the ins and outs of your state’s laws that relate to rental properties and can advise you about your landlord rights. A good real estate agent does far more than just rent your home and collect your money for you. They can also facilitate mediation in the event of late payments, providing a debt-collection service if necessary, as well as organising emergency repairs, maintenance and even handling the payment of various bills. The property manager helps provide a complete management service, to help you avoid wasting your own time and money.
Some of the duties that you can expect from ALBAMARGROUP include:
- Advertising and marketing your property
- Sourcing and screening potential tenants
- Managing your financial accounts
- Completing inspections on a consistent basis
- Organizing and sourcing tradespeople for repairs and maintenance.
If you prefer to take care of some of these tasks yourself, you can write this into your contract. ALBAMARGROUP will give you as much or as little involvement with the daily management of your rental property as you like. We are specialists at multi-tasking and are highly qualified to prioritize and perform any or all of these duties. You can expect ALBAMARGROUP to help you with matters of communication, negotiation and conflict resolution.
Working with tenants.
When you are first thinking about renting out your property, you may not have a full picture of the amount of work that can go into this. ALBAMARGROUP can help you find suitable renters to help you avoid periods of vacancy and income loss. They will be able to employ all the necessary marketing methods to ensure that your property is high visibility to potential tenants. We can then show the home to prospective tenants with open inspections that showcase the property in the best possible light.
In addition to showing your property to prospective tenants, ALBAMARGROUP can be involved with the professional screening of these tenants to make sure you choose reliable ones and have access to tenancy databases. We make regular inspections, to ensure that the tenants are keeping your property in proper working order. One of the major roles of a good property manager is acting as the liaison between the landlord and the tenant. If any calls need to be made for repairs or if the tenant has any complaints, these can be handled by ALBAMARGROUP to make your life easier. We help make sure that both parties are able to relate appropriately to one another, clearing up misunderstandings and resolving issues. You consider taking out landlord insurance to protect your investment and help shoulder unexpected costs.
Managing Paperwork and Responsibility
There’s a remarkable amount of paperwork that can be involved with managing a rental property, including: property rules and regulations; lease agreements; and contracts for repairs and maintenance, among others. ALBAMARGROUP is able to keep these files well organised, ensuring that nothing slips through the cracks. We will watch rental prices for our region closely, staying up-to-date on the current market conditions in order to best advise you when it comes to your investment. With this attention to detail, we will help you decide if it’s time to raise the rent or make key repairs.
The Qualities of ALBAMARGROUP
To excel at all of these tasks,ALBAMARGROUP will be proactive and trustworthy. We will be willing to go the extra mile to ensure that both the tenant and the landlord are satisfied with their rental situation. Our property managers will check in using various means, including phone interviews, regular inspections, and surveys. We are usually sociable, friendly, and cooperative people. This helps them diffuse tense situations and handle uncomfortable situations with ease. We will be the go-to person for both parties, resolving conflict with positivity.
There are many benefits in choosing ALBAMARGROUP. With knowledge of the local market, we will be able to inform potential tenants of all of the relevant information they need regarding the house and the surrounding neighborhood.
There is a great deal of work that goes into managing a rental property. If you don’t have the time or the inclination to deal with repairs, problem tenants and marketing a vacant property, you’ll probably want to hire ALBAMARGROUP. The percentage of your rental income that pays for ALBAMARGROUP will pay off because you can sit back and relax. The alternative is to risk lost income if your property sits vacant or if you have trouble with your tenants.
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