The first step to long-term success for your rental property investment is partnering with a reliable property manager.
First-time rental property owners can attest to how the initial excitement of owning rental property is energizing. But they will also share with you that a year or so into the experience, they realize how demanding the job can be.
Whether your property is large or small, at some point you will need a helping hand. That’s where a professional property management team can make the difference. Not only will they extend as many helping hands as you need, they will also ensure greater success for your endeavor. Here’s what you can count on.
1. Your Own Dedicated Team, 24/7.
Perhaps the biggest benefit of all when working with the right property management company is knowing that you have a dedicated team of professionals available to you and your tenants 24/7. If you need help repairing damage, following up with a tenant’s complaint, or finding quality tenants for a vacant property, your property manager knows exactly what to do and who to call.
2. Thorough Property Inspections
Annual safety inspections are a given, but expert property managers will also perform thorough inspections when a tenant moves out and before a new tenant moves in.
Visits are documented for each visit and include detailed notes describing the inspection process. If there is damage to the rental, your property manager will notify you immediately to discuss repairs.
3. Qualified, Quality Tenants, Found and Vetted
Earning a return on your property means keeping quality tenants. But rushing through a tenant-screening process could be worse than you might think.
Even the most experienced landlords know the screening process can be overwhelming and time-consuming. That’s why you need a reliable property manager with an efficient tenant application process. You’ll have peace of mind knowing that you have qualified professionals working carefully to find the highest caliber tenant possible.
4. Detailed Property Care and Maintenance
Even the most capable tenant won’t be able to tackle every maintenance task. Ultimately, it’s up to you as the owner to ensure your rental property is safe and livable.
It’s comforting to know you can rely on your property manager to do routine maintenance tasks like cleaning the gutters, mowing the lawn, and tending to the HVAC system, among other things.
5. Comprehensive Reports and Updates Monthly
Besides collecting rent payments and maintaining your property, the best property managers will communicate clearly with you on a consistent basis.
You property manager can provide detailed monthly reports with specific services they’ve provided, as well as any other relevant information you want included. If you’re working with a property manager who does not provide these reports, you best ask for them or switch companies.
When all is said and done, the value of a professional property management company cannot be overstated. Time is a valuable commodity and you will save plenty for things like growing your business if you work with a management company such as Cousin James.
Cousin James Management has been serving the North Texas area for more than 25 years, for both residential and commercial property management. Give yourself the time to develop your investments by offloading the heavy lifting that comes with managing rental property. Contact Cousin James Management today to discuss how we can help you.