Residential rental property owners quickly learn that owning and managing their own rental properties can turn into a full-time job. Using the right property management company will maximize a real estate investment by saving time, money and the stresses that come with dealing with tenants and handling property maintenance issues. Working with an experienced team of experts, like the San Jose property management professionals at Valley Management Group, will help take the guess-work out of renting your property and improve your real estate investment.
How a Property Management Company Helps You
Using professional property management will make life easier for rental property owners. The list of benefits that a good property management company can provide is long – and they can provide it at a reasonable cost. A full-service property management company will take the worry out of rentals by providing the following services:
- Advertising Your Property
- Setting Rental Costs
- Screening Tenants
- Lease Preparation
- Rent Collection
- Providing Financial Reports
- Preferred Service Providers
Advertising Your Property: When your property needs a new tenant, a property management company will take the guesswork out of advertising. Professionals in the field understand the most effective and successful methods to advertise to prospective tenants. The end result – finding the best-qualified tenants sooner.
Setting Rental Costs: Setting the appropriate rent amount can be tricky. Unless you have expertise in the real estate field and keep up with the market trends and data in your local area, you may be renting your property for less than comparable rates. A good property management company will help you set the right rent based on the current market data on what comparable properties rented for in your area. They will also review rental data each year and advise clients on possible rent increases.
Screening tenants: Screening tenants is one of the most important aspects of being a rental property owner. A good property management company will meet with prospective tenants that are interested in renting your property and do all the necessary background and credit checks. Good tenant selection is one of the main keys to a successful and profitable rental property investment. Selecting well-qualified tenants who meet a set of criteria will also promote long-term tenancy and minimize tenant turn-over.
Lease preparation: One of the most important aspects of renting a property is making sure that you have a legal and proper lease agreement. Property Managers will take the guess-work out of complicated leases.
Rent collection: One of the hardest tasks for a landlord is to collect rent. When you work with a property management company– you no longer have to worry about that monthly task.
Providing Financial Reports: Most property owners are not accountants – and preparing important financial reports for your CPA to file taxes can be a chore. Working with a property management company will give you the peace of mind knowing that your financial records are being managed according to state and federal laws. You will also receive reports on a monthly and annual basis so that you will know exactly how your property is doing in promoting your financial status.
Preferred Service Providers: As a rental owner, you know one of the most important things that you need is quality services to properly maintain and fix issues with your property. A good property management company has access to a qualified list of trustworthy and reliable service providers. You won’t have to worry about contacting a service that you don’t know – the property manager will resolve that problem for you.
The San Jose property management team at Valley Management Group can answer all of your questions related to your rental properties. They have been providing professional residential property management services in San Jose and Santa Clara County for over 35 years and will help ensure your property investment is profitable. If you own rental property in Santa Clara County and are looking for trustworthy and affordable property management services, call Valley Management Group at 408 286-4200 for more information and get a free quote with one free month of property management services.