Rental properties are among the best investments you can make, but it takes a lot of work to get the most out of them.
One of the biggest challenges is finding the right tenants, and it will have a huge impact on how much you can earn. Many landlords hire professional tenant placement services as they can make things much easier.
In this guide, we'll go over some of the key benefits of hiring a professional property management company to help you with tenant acquisition. Keep reading for more.
1. Professional, In-Depth Screenings
Tenant screenings are incredibly important, but they're also very involved. When done right, they'll provide a range of details about potential tenants. This can include things like a history of property damage, failure to pay rent, and even criminal activity.
It's also a way to verify that the information they've provided in their application is accurate. All of this will give you a much better idea of what to expect from a tenant. This is all vital, as the last thing you want is to accept a tenant and end up having various problems with them.
Tenant screening isn't simple, so you won't be able to get all of this information yourself. A professional property manager can do this correctly and thoroughly to ensure you find suitable tenants.
2. Stress-Free Lease Negotiation
Lease negotiation is another of the many challenges that landlord faces. You and your applicants need to agree on the whole contract before signing it. In many cases, there are things that landlords and tenants don't see eye to eye on.
Without the assistance of a professional, it can be difficult to negotiate effectively. A property manager knows what should go into a lease agreement, and will therefore be able to negotiate on your behalf. This will ensure the final lease is solid, fair, and isn't missing anything important.
It's worth noting that this process can take a long time, especially if you don't know what you're doing. Tenant placement services are efficient and streamlined so your tenants can move in sooner and you can start collecting an income.
3. Better Tenants
Finding tenants can be difficult as it is, but finding the right tenants is even more challenging. You want tenants who won't cause any damage, will communicate with you when they have questions, will pay rent on time, won't disturb neighbors, etc.
Without proper tenant screening, you could end up with such tenants, but it would simply be a matter of luck. You can take things into your own hands, however, to ensure any potential tenants are thoroughly vetted.
This can be done efficiently by a professional property manager to ensure you get the exact type of tenants you're after. They'll also look for tenants who are interested in staying for a long time. This will reduce your tenant turnover, which will help you maximize your profits.
Professional Tenant Placement Services
While it's not a requirement, you'll benefit a lot from hiring professional tenant placement services. They'll ensure your rental property is occupied by reliable tenants and help with any issues that could arise.
PMI JCM Realty Group provides tenant placement along with various other property management services. Reach out to our team today to find out what we can do for you.