Basics of Property Management: Screening Potential Tenants
Improve Your Rental's Success By Hiring A Property Manager With A Modern Touch
Jesse Obrien
Renting out a single-family home with all the standard features that you would normally find in a house may not be that challenging, but it may lack a bit of pizzazz. Making your rental stand out more is not something that you can only accomplish with remodeling the property. You will find that you can improve the rental's success by hiring a property manager with a modern touch.
Smart Technology
Whether or not you are using smart technology in your own home, you should consider all the benefits that it can provide to renters, especially when it comes to getting their attention. While you may not expect a property manager to take over with management and then start making changes right away, you will find it beneficial to hire one that you can work alongside easily.
A professional who is interested in implementing smart technology, such as an electronic door lock, doorbell camera, and touchscreen thermostat, is worth prioritizing. These kinds of features will make it a lot easier to appeal to the younger crowd who are used to modern technology.
This kind of property manager is especially useful in a situation where you are not that familiar with smart technology products and trends since you can benefit from their knowledge.
Online Tools
Being able to write a check or hand over a money order can make your tenants feel rather limited in their rental payment options. This can have a negative impact on your ability to rent out the place, especially since potential tenants will be able to compare the options with other rentals.
Ideally, you want to hire a property manager who provides online tools for the tenants to use such as making automatic rental payments and sending in maintenance requests. Being able to handle everything online where it is all easily documented can make tenant life a lot easier.
Marketing
Branching out with marketing is important because you do not want to limit your rental property to only being seen by people who visit a certain rental listing website. This is where experienced property managers can shine in their ability to showcase your rental property in many places.
Maximizing exposure for your rental property is the easiest way for it to get rented, and it will likely happen rather quickly since a professional will know how to price it reasonably.
A modern touch from a property manager is just what you want and need to enjoy more success with your rental property. For more information, contact a local property management company.
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For the last several years, I've used a property management firm to help with my rental properties. One of the tasks that they handle for me is screening applicants who would like to move into one of my vacant units. Their expertise has helped me lower my tenant turnover and find people who want to stay with me for years. Part of the process is a tenant screening credit check. Before any further contact takes place, my manager orders credit reports from at least two agencies. That is enough to tell us if an applicant is a good financial risk. Assuming the references work out, I meet the candidate and make the final decision. If you own rental properties, let me tell you more about the benefits of having a property manager. I'm betting you'll find this type of arrangement will work for you too.