If you own a few rental properties, getting help managing them can save you major headaches. Unless you like using all of your own time to be a property manager, or you know all of the ins and outs of managing rental properties, having help is essential to being successful. Here are a few things that a Denver rental property management company will do for you!
Screen New Tenants
So what will a property management company do for you? Let’s start with screening new tenants. A good property management company knows the laws and also how to do proper background and financial checks. These checks will ensure that you end up with tenants who pay rent on time, stay put, take care of your property and cause few problems. Not only will the tenants be reliable, but it will also protect you from rental scams. Reputable property managers know how to look for warning signs of scams. They will also handle the lease details for you.
Knows the Legal Stuff
They will also protect you from legal problems. These include evictions, safety issues from condition of the property, inspections, having a solid lease for tenants, handling security deposits and rent collection. Keep in mind that if you have to evict a tenant, the law surrounding eviction can be a land mine. Do it wrong and you will be stuck with a bad tenant, who is mad at you for trying, and may be damaging your property.
Keeping It Rented
Of course, the aim of a rental property is keeping it rented. By keeping your property well maintained, making needed improvements for you, marketing it adequately, and renting it for fair market value, a property management company will keep you from having empty properties. Happy tenants pay on time and stay put.
The “Bad Guy”
However, if you get a tenant that is habitually late with rent, the management company is the “bad guy” that chased them down and enforces the terms of the lease. They will be the one that doesn’t cave to excuses and hold the line for you, the owner.
Use This Great Benefit
There is a lot more a property manager can do for you. It’s a great benefit that you should take advantage of today.
Looking for an AMAZING Denver rental property management company? Give Tena D a call today! 303-452-5853