Today, we are talking about the cost of professional property management fees and what you really get for your money. A misconception many property owners have is that managing your property is simple and easy to do. While some properties can be fairly easy to take care of, it only takes one bad tenant to take away all the earning potential you had in that rental property.
Over the years, we have picked up many clients who call us only after realizing they rented to the wrong tenants. So, they might miss out on months and months of rental income because they thought it would be easy to manage the property themselves, and they missed the warning signs we can easily recognize when screening San Ramon tenants. These property owners often fail to do a complete and thorough tenant background check, so they place the wrong tenant in their property. There have been several cases where we have had to come in during the lease period and either straighten out the tenancy or help remove the tenant from the property through an eviction proceeding.
If you are wondering whether hiring a property management company is worth the money, think about what it takes to find a good tenant and keep a good tenant who pays rent on time and takes good care of your property. One bad tenant will impact your earnings.
You will also understand the value of property management services when it comes to maintenance and repairs. As a property owner, you may not want to deal with that phone call at 2:00 a.m. that the water heater broke or the toilet is leaking. We have trusted vendors in place who we have been working with for many years. They will be able to contact the tenants right away and get to the property to minimize any further damage to the house.
As a property management company, we have many resources for tenant screening that are not available to individual property owners. This is the most important part of renting out a property. We are careful to check credit, employment, prior and current landlord references and everything else that goes along with checking someone out. It helps you minimize your risk.
The knowledge of our professional team is also a resource. The experience you get from a professional property manager is invaluable, and will contribute to finding good tenants and managing your property well. If you have any questions about costs and services, please don’t hesitate to contact us at Windsor Pacific Property Management in San Ramon.