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33rd Company News

Why You Need a Full Service Property Management Company Now

Tom Sedlack - Thursday, May 26, 2022

There are roughly 48.2 million rental units in the United States and most landlords only own a few units. If you are one of the many people who have invested in this lucrative market, then you know the stress of managing these properties. From other jobs, multiple properties, sustaining a family, and other commitments, there are so many things on the plate of a rental property investor and manager.

A full-service property management company can help you. Not convinced that you'll benefit? Continue reading to find out why you need property management services! 

Quality Tenants

Finding tenants that you trust not to destroy your property, pay rent, cause fewer problems, and are decent humans can be challenging. Commercial property management services help you find high-quality tenants.

They know what to look for in the complex tenant screening process. With knowledge of common red flags and the right tools, you can avoid scams and fill your vacancy with the right people.

Less Time in Vacancy

Vacancy means that you aren't making any money. Therefore, you want to minimize this period as much as possible. When it comes to how to rent a property there are many steps.

A property manager will help you prepare the rental and determine the best rent rate. Then marketing comes into play and they have the expert knowledge on how to get the most exposure when you list your property.

Save Time/Less Stress

There are plenty of personal benefits to consider as well. You will have more time to spend on other things giving you the freedom to live your life. With more time to relax and less weight on your shoulders, you can enjoy a stress-free investment.

Efficient Rent Collection

Collecting rent on time is important for cash flow. A professional property management agency can put a buffer between you and tenants. This ensures that late fees and deadlines are set in stone.

Cut Down on Maintenance Costs

Good maintenance and quick repairs are important to tenants. You're also preserving the investment that you've made in the property.

Management for real estate investment groups and personal investors have a network of contractors that are qualified for the jobs you need. They'll likely get better pricing due to their consistent work with these individuals. 

Legal Protection

Just one bad tenant can cause a lot of legal and financial problems. The knowledge that a property management company has can protect you from legal issues. This includes:

  • Evictions
  • Property safety
  • Rent and security deposits
  • Inspections
  • Tenant screening
  • Lease agreements and renewals

Maximize Your Investments with Full-Service Property Management

Whether you need help getting started and need to ask can you rent out a second home or you're deep into your investments, having these professionals on your side is a no-brainer. There are many benefits to working with a full-service property management company that you won't want to miss out on.

Looking for a qualified property management team in the Minneapolis area? Contact us today to get more information!


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