Acquiring rental properties is a tough job. Sometimes, the number of activities you need to do to keep your rental Ankeny homes leased and in good shape can seem devastating. But there is one solution to make your life even easier: hire a property management company. A full-service Ankeny property management company such as Real Property Management Iowa can manage almost all of the work needed to maintain your rental property. More specifically, there are nine actions that a property management company makes your life better.
Market assessments. You need to undergo regular comparative market analysis on your Ankeny rental properties to identify rental rates, plan future improvements, and so on. To do it well, it takes time. A good property management company will do it for you.
Preparing your rental to lease. Before a tenant moves in, there are dozens of tasks that need to finish to get your rental house ready. Everything must manage as efficiently as possible. From repairs to cleaning, a property management company can handle it all.
Advertising. To keep your property leased continuously, you need to advertise. It can be a frustrating process, especially when you want to market your property on multiple rental websites. However, when you appoint a property management company, they will help you to achieve what you want.
Tenant screening. Looking for the right tenants is another job that you can confidently assign to a good property management company. Screening tenants by yourself can be a problematic and expensive endeavor. But a property management company will organize applications, run background checks, call references, and more.
Lease preparation and signing. Preparing lease documents that are clear and detailed can be a challenge. In this case, a professional property management company is tough to beat. They will have lease documents and addenda that have been carefully prepared by legal experts.
Collecting rent. Currently, tenants want to pay their rent online. And if they don’t pay, then what? A good property management company will be able to provide tenants multiple payment options and resolve any nonpayment matters that may come up.
Property maintenance. All rental properties need regular maintenance to stay profitable. A good property management company will have home service professionals ready and available to protect your property. As a result, you will see that everything performs regularly and correctly.
Lease renewals. Working with current tenants to renew their leases is a regular feature of having rental properties. They may want to negotiate their terms or payment, or you may need to raise the rent to current market rates. A property management company can help you navigate these conversations with confidence.
Managing move-outs. If your tenant needs to leave and decide not to extend their lease, the move-out process begins. You’ll be juggling many different tasks at once, all while trying to find a new tenant. That is except if you have your property management company do it for you.
Turning over your rental property to somebody else might make you worried at first. But once you know how much time you will save and how few headaches are you going to handle. With an Ankeny property manager from Real Property Management Iowa on your team, you might wonder why you didn’t hire a property management company sooner. You can contact us online or call at 515-251-8200 today for more information.