Managing an investment property is hard work. Landlords work around the clock, even weekends and holidays. There are many complexities and risks of owning a rental home as well. It is crucial to have the proper knowledge, skills, and experience of Elk Grove property management to avoid costly mistakes or legal trouble.
Elk Grove Property Management Tips for Success
As an investment property owner, are you operating a profitable business? At Real Property Management Select, we understand the rental industry and know how to get you a better return on your rental. Without the help of professional property management, Elk Grove homeowners often end up hurting their bottom line. With more than 30 years of experience, the five common landlord mistakes we see include:
Skimping on Maintenance – In property management, Elk Grove homeowners know that small problems turn into big problems when they are not fixed promptly. You end up saving time and money when taking a proactive approach to maintenance. Also, a well-maintained home attracts more qualified tenants.
Using a Poorly Constructed Lease Contract – It is important to outline in a lease contract what you expect from your tenants and what your tenants can expect from you as a homeowner. Without a well-written lease, tenant conflict is sure to arise which can lead to turnover. Those vacancy days then have a direct financial impact on your business.
Skipping Regular Home Inspections – Home inspections are a crucial component of property management. Elk Grove homeowners should always stay up-to-date on the condition of their rental. A lot can happen to a house between tenants. You are setting yourself up for costly repairs and surprises if you do not regularly check in.
Lacking Essential Resources – When partnering with Real Property Management Select, we offer a full range of services to our clients. Tenants utilize a personal online portal to pay rent and submit maintenance requests. Homeowners have access to discounted rates on maintenance.
Creating Unnecessary Leasing Delays – Market aggressively. Make it easy for prospective tenants to view your home. Make sure it is rent-ready before any showings.
Need Professional Property Management? Elk Grove Homeowners Use RPM Select
Leave behind the hassles and headaches of managing an investment property. The Elk Grove property management experts at Real Property Management Select can do it all for you. We are committed to making you a successful landlord. Put our experienced team to work for you. Give us a call today.