Individual landlords own nearly three-quarters of single-unit rental properties in the United States. Being a landlord can be overwhelming, so it can be a good idea to get some extra help.
Hiring a full-service property management company can help you manage your property more effectively and prevent major mistakes. They can help when it comes to managing records and finances but can also help ensure your tenants remain happy and well taken care of at all times.
Here are five reasons you should hire a full service property management company in Northern Virginia.
1. Improve Tenant Relations
One of the best reasons to hire a full-service property management company is that they can help you attract tenants and manage your relationships with them. They can do this through thorough tenant screening and by communicating with them regularly, fulfilling maintenance requests, and handling evictions when necessary.
A property manager can also help carry out routine inspections to ensure that your property stays in great shape.
2. Collect Rent on Time
Rent collection is one of the most difficult tasks for a landlord. A property management company can help manage this aspect of your business for you and help make it more likely that tenants will pay on time.
A property manager can send payment reminders, enforce late fees, and accept payments in person or through an online tenant portal.
3. Stay Compliant With the Law
As a landlord, there are a lot of laws and legal requirements that you'll need to pay attention to. You need to handle your relationship with tenants well while following the law and maintaining tenant rights.
A property manager can help you with this. They can help you understand landlord requirements and ensure you're doing everything by the book.
4. Keep Your Property Maintained
Staying on top of property management won't just make your tenants happier. It will also help you maintain the value of your property.
A full-service property management company can organize any needed repairs and maintenance help. They can help you get the best prices while communicating with contractors to ensure your property stays maintained.
5. Expand Your Portfolio
A full-service property manager can take a weight off of your shoulders and allow you to focus on other important things. It can help you expand into new investments as needed.
If you're spending too much time and energy on a property, it can be hard to grow your investment portfolio. A property manager can help make managing multiple properties much easier to handle.
Benefitting from Full Service Property Management
If you want to feel more at ease as a commercial property owner, consider hiring a full service property management company. A property manager can help manage tenant relationships, improve legal compliance, and help take a weight off of your shoulders.
With more than 17 years of property management experience, Tommy Chambers has made Chambers Theory a property management company to rely on. We can help make your property more efficient so that you can get the most out of your investment.
Need commercial property management in the Northern Virginia area? Contact us today to learn how we can help.
