Coming out of the Covid pandemic, American landlords are more stressed than ever before, with some wondering if the stress is worth the reward.
If you've been struggling with your Northern Virginia rental property, there are ways you can protect your investment. With property management, you can effectively outsource every aspect of being a landlord to an experienced professional.
In today's post, we'll tell you exactly how property management services can help you protect your investment property. Keep reading and become the real estate investor you've always wanted to be.
Effective Property Marketing
Outside of delinquent tenants, vacancies are a landlord's worst nightmare. If you don't have renters, you eat the cost of owning an investment property. To get more renters, you need good property marketing tactics.
A property manager can market your rental units more effectively. They'll take professional photographs of the unit and write a detailed description. Armed with a great listing, they'll put it on the right rental platforms to ensure you're casting the widest possible net.
If need be, they can also use digital marketing practices, like SEO and paid ads. A property manager will stop at nothing to put tenants in your units.
Better Tenant Screening
Good marketing will bring a lot of interest to your property. That's when the real work begins. If you're going to end up with a great tenant, you need to perform thorough tenant screening.
Tenant screening involves criminal and financial background checks on all applicants. Your property manager may even call previous landlords to get a sense of a tenant's character.
In the end, you'll put the best tenants in your units. Good tenants make it easier and cheaper to run a real estate investment. Bad ones cost you money and cause immense stress.
Tenant Management
When you have great tenants, you need to do everything in your power to keep them happy. Happy tenants tend to stay put, boosting tenant retention rates and lowering vacancy rates.
A property manager will manage your tenants through an online tenant portal. Here, your tenant will be able to communicate with the property manager, pay rent, and make maintenance requests.
A good property manager will perform regular property inspections and maintenance to ensure the property is in good shape. All of this works to show tenants that you have their best interest in mind while also protecting your property.
Professional Advice
Lastly, a property manager can give you valuable advice on running an investment property. They might help you perform rental valuations, advise you on what to do with a bad tenant, and provide eviction protection whenever necessary.
Having an experienced real estate professional to lean on can help you grow as a property investor. They'll be integral to growing your portfolio and making your landlord duties a breeze.
Get the Best Property Management in Northern Virginia
Now that you know how a property manager can protect your investment, it's time to tell you where to find the best property management in Northern Virginia. Chambers Theory was launched in 2018 by Tommy Chambers, a real estate professional with 17 years of property management experience.
We offer comprehensive property management services, including everything we discussed here and more. To learn more about how we can help you and your investment, contact us today.
