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Property investors understand their strength is in finding great properties that will help grow their portfolio. They hire a property management firm to maintain the properties and choose the right tenants.
Real property management firms take a hands-on approach that encompasses everything from tenant screening, rent collection, to providing maintenance services. The firm can handle one property or multi-unit developments.
Best of all, the investor does not have to live in the same area as their properties. This gives them the freedom to invest in any city across the county, and even in other countries.
Are you looking into becoming a property investor? Maybe you have a property in Sumpter, South Carolina, and need the right management company. If so, continue reading for three tips to use when researching property management companies.
1. Property Management Marketing
Every business needs a marketing strategy that utilizes Search Engine Optimization (SEO). When an internet user enters property management near me, you want the firm managing your properties to rank first.
The property management company should also have the tools to market your properties. Tools such as:
- Mobile and responsive website
- Vibrant images
- High-resolution 360-video
- Enticing property descriptions
When users click on your properties, you want them to fall in love and schedule a tour. If the rental property management company are true experts, your properties will stay occupied by long-term renters.
2. Incorporate the Right Software
Property management companies are using software to streamline processes and increase renter engagement. Ask the companies you interview what types of software they are using. Here are areas that you should focus on.
Tenant Screening
Today it is easier than ever to screen potential renters. With AI, databases are available for property management firms to access information in minutes on applicants. Rent history, payment history, employment, and criminal backgrounds checks are easily accessible.
Online Payment Systems
Accounting software makes it easier for tenants to pay their rent. Property management software allows for online payments.
The system sends out email and text reminders before the due date. It also reminds tenants if their final date is approaching, and adds on any late fees.
Requiring online payments also reduces the risk of theft and losses due to bad checks or cash left in drop boxes.
3. Stay Abreast of maintenance
Maintenance issues are a big reason tenants leave rental units. Property management companies have maintenance staff and contract with specialists.
Tenants can submit requests online. They can also interact with the management representative for updates. In turn, as the property owner, you get a record of all maintenance requests, updates, completions, and costs.
Leave Management to the South Carolina Experts
Property management is a part of property investment that can't get ignored. A good return on investment only comes when happy tenants occupy your properties.
If you're a property investor looking for management in the Sumpter, South Carolina area, we can help with full-service property management expertise.
Contact us today to discuss our services.
