WHY YOU SHOULD HIRE A PROFESSIONAL TO FIND YOUR TENANT

Here is a list that details some of the benefits of hiring professionals to help with tenant placement. It touches on nine of the main focal points of tenant placement and hopefully provides some quality food for thought.

1. Reducing Work Load is definitely one of the strongest benefits for using a property management company for tenant placement. Most landlords have high demand lives, and don’t have the necessary time to properly place a tenant. Whether you spend your time focused on your career, having quality time with your family, or relaxing on vacation, you shouldn’t have to pull yourself away to worry about vacancy rates. Let a property management company field the phone calls, schedule appointments, show the unit, gather applications, screen applicants, and handle paperwork. You’re able to choose a tenant without wasting countless hours. With all the busy work eliminated you will be able to spend your time more efficiently on the things that matter to you.

2. Thorough Screening is the most important step to renting an apartment. The wrong tenant can cost you years of rental income with evictions, lawsuits, unpaid rent, and damages to the property. Going through a professional company dramatically reduces the risks of ending up with a nightmare tenant. Most Property Management companies will have an ongoing relationship with professional screening organizations. Checking credit, evection history, criminal history, rental history, debt to income ratio, income vs rent ratio, identity verification, and employment verification are just a few of the key aspects that need to be taken into consideration when selecting a tenant. You can make sure you have all the pertinent information by going with the professionals.

3. Cross Selling Other Units and Pre-approved Applicants are a very effective way of renting niche houses and apartments. If you have a 3 bedroom, cat friendly apartment in a specific school district, a professional property manager might have a list of pre-approved applicants on file waiting for that specific property. The fee that you pay the property management company to do all the work could be much less than having the apartment sit open.

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