Did you know only 45% of landlords manage their own properties? If you own an investment property in Phoenix, basic tasks can steal hours from your day. Instead, consider hiring experienced property managers.
Leveraging their expertise and years of management experience can help you thrive in today's competitive market. On the fence about outsourcing? Read on to discover how property managers can enhance your real estate business!
Attract Renters
The national rental vacancy rate is almost 6.5%. If your investment property is empty, you won't generate income. Instead, your property will start becoming a financial burden.
Hire a property management company that understands Phoenix's local market. They'll know how to appeal to local renters. With their help, you can develop an effective marketing strategy.
Digital marketing campaigns will direct more renters to your online listings. These strategies include:
- Search engine optimization
- Paid advertising
- Content marketing
- Video and virtual marketing
- Social media marketing
- Email marketing
A comprehensive marketing approach will help you generate more applications. You'll expand your tenant pool and improve your occupancy rate. As occupancy increases, you'll generate more income.
Tenant Screening
Many landlords are so eager to fill vacancies that they forgo a tenant screening process. This could lead you to select problematic renters. They may damage the property, fail to pay rent on time, or cause problems.
Your property manager can develop a thorough applicant screening process that reviews:
- Criminal background checks
- Rental histories
- References
- Eviction histories
- Credit scores
You can feel confident choosing reliable renters. Selecting renters that pay on time will allow you to generate income without delays.
Increase the Property Value
The best property manager can help you improve your investment property. Smart upgrades can increase the property value. This will make it a more desirable place to live.
For example, you can improve the property's energy efficiency or add smart home technology. These upgrades can help the property stand out from others in Phoenix.
Ongoing Maintenance
Neglecting ongoing maintenance will cause your beautiful investment property to crumble. Potential renters won't apply if the property falls apart.
Your property manager can schedule routine inspections. Prioritizing property upkeep will protect your investment. You can avoid more expensive renovation projects and save money.
Legal Compliance
Experienced property managers have in-depth knowledge of local real estate trends. They also understand local, state, and federal housing laws. They can help you remain compliant.
Without their help, you could encounter legal issues, including fines and lawsuits.
Save Time and Generate Income
Your property manager will handle day-to-day operations. They'll free up time in your busy schedule.
Their services can increase efficiency, allowing you to maximize returns. With their services, you can generate income without stress.
Hire Your Phoenix Property Managers Today
Managing your investment property alone can be more stressful than it's worth. Instead, hire Phoenix property managers. Leverage their services and expertise to maximize your profitability.
Trust our team at Real Property Management Phoenix Valley. We can remove the burden of property management.
Leverage our 25 years of industry experience, 88% retention rate, and guarantee. Contact us today for a no-obligation consultation.
