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Being a landlord in Merced, CA, is a fantastic way to make a living. Not only can you earn an average income of $56,300 per year, but a turnkey property management company can take care of the workload on your behalf.
This is a reality for many successful local landlords, and you can join their ranks by learning how turnkey property solutions can make your life easier.
Let's discover how these services can make your real estate investments work for you.
Property Marketing
The key to operating hassle-free rentals is attracting responsible tenants. This means you need an effective property marketing plan. A property manager knows what your ideal tenant is looking for and will write a listing that encourages renters to book a viewing.
They'll also arrange for a photographer to take high-quality pictures. These professional images will perfectly showcase your property to potential tenants.
Turnkey Property Management Tenant Screening
A turnkey property management company will perform a thorough tenant screening process. Even though an applicant might come across well, you don't know their background. But if you read references confirming they are of good character, this can reassure you that they'll be model tenants.
Tenant screening will also help evaluate if an applicant can afford the monthly rent payments. This is crucial as you need to have a regular income source that isn't disrupted by late payments.
Maintenance and Repairs
Not all property management firms prioritize maintenance, but this is a mistake. A reputable property manager will conduct regular inspections to spot signs of damage or wear and tear. They'll also respond promptly if there is an emergency such as a broken window that is a security risk.
Fixing these types of issues usually requires the help of professional tradespersons. One advantage of hiring a property management company is that they have strong relationships with contractors. Should your property need repairs, you can be sure someone will quickly be there to help.
Rent Collection
Rental income management isn't always simple, and this can be a source of landlord stress. But a turnkey property manager will handle this on your behalf. For example, they will ensure renters have access to a tenant portal. This means tenants can pay rent online each month.
A property manager will also discuss any late payments with tenants. These conversations can be difficult, but they are necessary. Otherwise, tenants may continue to pay late, and you could become frustrated.
By being diplomatic but firm, a property manager can help resolve the difficulty and ensure payments are made on time.
Contact the Professionals at Chosen Property Management
When you start to enjoy the benefit of our turnkey property management services, you'll never look back. From marketing to maintenance and rent collection, we do it all.
At Chosen Property Management, we take pride in the personal service we deliver to our clients. With extensive experience and a wealth of knowledge, we can help you maximize your rental profits in a competitive market.
To start making more from your property investment, contact our specialist team today.
