9 Ways a Property Management Company Makes Your Life Easier

Having rental properties is a full-time job. Sometimes, the number of activities that have to be done to keep your rental Universal City homes leased and in perfect condition can appear overwhelming. But there is one solution to make things get better for you: hire a property management company. A full-service Universal City property management company such as Real Property Management Vision can take all the necessary work to handle your rental property. Primarily, there are nine methods that a property management company makes your life easier.

1. Market assessments. You need to execute regular comparative market analysis on your Universal City rental properties to adjust rental rates, plan future improvements, and more. To make it better, it takes time. A good property management company will do it for you.
2. Preparing your rental to lease. Before a tenant moves in, there are plenty of activities that need to be accomplished to get your rental house ready. You need to manage each one as efficiently as possible. From repairs to cleaning, a property management company can handle it all.
3. Advertising. To keep your property leased continuously, you have to advertise. It can be a complicated task, particularly if you are attempting to promote your property on multiple rental websites. However, when you employ a property management company, they do that all for you.
4. Tenant screening. Getting the right tenants is another job that you can easily hand over to a good property management company. Screening tenants alone can be a challenging and complicated task. But a property management company can process applications, run background checks, call references, and more.
5. Lease preparation and signing. Putting together lease documents that are clear and comprehensive can be a challenging task. In this case, a professional property management company is hard to beat. They will have lease documents and addendum that have been carefully arranged by legal experts.
6. Collecting rent. Most tenants want to pay their rent online. And when they’re not paying, then what? A good property management company can offer tenants multiple payment options and deal with any delayed payment problems that may occur.
7. Property maintenance. All rental properties need regular maintenance to make it profitable. A good property management company will have home service professionals ready to take care of your property. Therefore, you will know things have been done correctly and professionally.
8. Lease renewals. Dealing with current tenants to renew their leases is a normal part of having rental properties. They may ask you to negotiate their terms or payment, or you will need to increase the rent to current market rates. A property management company can help you navigate these conversations with confidence.
9. Managing move-outs. If your tenant chooses not to renew their lease, the move-out process begins. You’ll be juggling many different tasks at once, all while trying to find a new tenant. Unless you have a property management company that will do it for you.

Entrusting your rental property to somebody else might make you worry at first. But once you’ve known how much effort you will save, you’ll learn how few issues you’ll have to solve. With a Universal City property manager from Real Property Management Vision on your team, you might wonder why you didn’t employ a property management company sooner.