Only about 57% of people in Biloxi, MS, own their properties. That means that almost half of all residents rent, and they need rental properties. Are you thinking about renting out your spare property?
If so, you may want to consider full-service property management. But what are the benefits of full-service property management? Is it worth it?
Let's talk about it. Read on to learn more.
As a property owner, you want to make sure that your tenants stay happy. Happy tenants will be more likely to respect your property, more likely to renew their leases (reducing vacancies), and more likely to recommend your property to others in the event that they choose to move out.
When you use a full-service property management company, you're getting help with tenant communication and relations.
Communicating with your tenants and responding to their needs in a timely fashion isn't always easy. If you have multiple properties, a full-time job, or other responsibilities, it's even harder. A property management company can take care of most of this for you.
They can respond to inquiries, manage maintenance requests, settle lease disagreements, and more.
Consistent Rent Payments
Getting rent payments on time isn't always easy, even if you have otherwise fantastic tenants. Hiring a property management company can help.
Your company can set up a tenant portal for your tenants which makes paying rent absolutely seamless. They can even set up rent reminders.
In the event that a tenant forgets their rent or has some type of issue paying your property management company can work on some type of arrangement with them or let them know the next necessary steps if they find they need to leave the property.
Tenant Placement and Marketing
Finding good tenants for your rental property isn't always easy. A rental property management company will help.
They can help you market your property in all of the right places so the right tenants can find you. After that, they can also help with tenant screening. Tenant screening is how they can find high-quality tenants for your property.
They'll make sure that your new tenants are likely to pay rent on time and abide by the terms of your lease.
More Free Time
At the end of the day, a full-service property management company will free up your time so you can spend it doing things you enjoy or focusing on your primary career. Being a property owner can feel like a full-time job. A property management company can take care of a lot of those pesky behind-the-scenes responsibilities.
Being a landlord isn't 100% passive income, but a property management team makes it as close to that as possible.
Do You Need Full-Service Property Management Services?
A full-service property management company can make your life as a landlord so much easier. From tenant placement to tenant communication, a good property management company can help with it all.
If you're looking for a property management team in Biloxi, MS, PMI is here for you. Contact us so we can start working together today.