If you own a rental property, you know managing it yourself is financially rewarding. But you’ve probably also come to realize that property management is time-consuming and it takes a lot of commitment. Which can be especially draining if you own several income properties. This is when hiring a property management company is helpful.
What Does a Property Management Company Do?
Property management companies act as a middleman between you and your tenant. They handle the marketing of the property, determine the right rental rates, screen applicants, collect rent, perform maintenance requests, and take care of legal matters. They also handle tenant excuses and evictions.
Should I Hire a Property Management Company?
Working with a property management company will essentially save you time and stress that can often come with being a landlord. You should consider working with a property management company if:
You’re not interested in being a landlord
You don’t live near your rental property
You feel overwhelmed
You own several rental properties
You want more free-time
If you’re interested in hiring a property management company but still want to have some responsibilities, you may be able to find a firm that can work with your requests.
Benefits of Hiring a Property Management Company
Hiring a property management company comes with many benefits including:
Freeing up your time: you won’t have to worry about handling repairs, evictions, or inspections
Potentially saving you money: many property management companies have close friendships with local contractors and can save you money on repair costs
Potentially earning you more money: property management companies, like Zenith, know the market and have strategies that determine the highest rate for your home while also ensuring the least amount of vacancy time
Giving you peace of mind: knowing your income investment is in the hands of a good tenant will help relieve stress. In addition to our stringent screening criteria, we also send every application to a specialized screening company to perform our background checks.
Your Local Premier Property Management Company
Property management companies can be one of your biggest assets, especially now during the COVID-19 pandemic. Landlord-tenant laws are continually changing and the last thing you need is to get caught up in a legal battle. At Zenith, we stay up to date with landlord-tenant laws and strictly obey them. And for any legal issues that do arise, we take care of them.
So if you’re looking to work with a property management company, consider Zenith Properties NW. We’re Clark County’s premier property management company. We focus on ensuring your asset performs at its highest level. We utilize cutting-edge management software that collects and organizes data from income and expenses to rent roll and cash flow — all of which can be easily measured and tracked.
We also have a highly-trained maintenance team that is available 24 hours and we have established relationships with various local and experienced vendors. By trusting us to handle your repairs and maintenance responsibilities, your investment will be protected and your cash flow will increase.