Nearly half of the homes in California are rental properties. Making it one of the best states to be a landlord in with so many people looking for a place to live.
But being a landlord isn't a walk in the park. There is a lot that goes into successfully turning a profit with an investment like this. That makes it really easy to get overwhelmed and start missing key responsibilities.
You can live stressed out all the time being a landlord. Or you can make it all easier by hiring a full service property management team. See all the ways they can help you manage your rental properties!
Marketing Properties to Find Great Tenants
Tenant selection is one of the most critical tasks of a landlord. The wrong residents can completely ruin your experience (and your profits). This is one of the best areas for bringing in professionals.
A management team will handle all the marketing for your vacancies. They'll use strategies to target your ideal tenant. Then they'll put each applicant through a screening to make sure they meet set standards.
Once the right tenant is chosen, their great customer service will keep them renewing their leases!
Maintaining the Property to High Standards
To attract high-quality tenants, you have to provide a high-quality property. And that means keeping up with all the property maintenance.
This sounds like a simple task but is often forgotten by landlords who aren't at the property each day. A management team will keep up with routine maintenance, inspections, and emergencies.
Bookkeeping and Accounting with Reports
Not many landlords forget to keep up with their accounting duties. But many do feel overwhelmed by the task.
There are a lot of financial tasks required when renting out a property. Keeping up can be really difficult. Especially when this isn't your area of expertise. Having a professional bookkeeper will make a huge difference.
They'll make sure you're compliant with all the laws, keep up with your taxes, and any other financial tasks. And give you a thorough management report so you can see how everything is doing at a glance.
Daily Landlord Responsibilities
Beyond all the big landlord duties, there are a lot of smaller daily tasks that have to be taken care of. A property management team can do all of it.
They'll manage a tenant portal, collect rent, and even handle evictions if necessary.
Hiring a Full Service Property Management Team
Working with a full service property management team will change your life as a landlord. Instead of spending all your time managing every detail, you can focus on other things.
But the key is finding a capable team you can trust so you can have peace of mind. A high-quality team will make your life much easier and improve your business.
We are that kind of team at Chosen Property Management. Our team draws from years of experience to deliver exceptional service for landlords and tenants alike. Get in touch to see what we can do for you!
