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How do I manage my rental property?

How do I manage my rental property?

There’s so much time and effort that goes into managing a rental property. From finding dependable tenants, fielding tenant requests, and managing the rental units, there are a lot of day-to-day requirements. Luckily, there are many ways you can make your life easier when it comes to rental management. Review the best ways to manage your rental property below.

Streamline Operations

A quick way to make your life easier when it comes to rental property management is to streamline how you do operations. From day-to-day needs to six month check-ins, curating your own streamlined approach makes getting tasks done a lot more convenient. For new tenants… One way you can automate new tenant onboarding is to work with a tenant screening service. This can help organize all onboarding procedures like background, credit, and eviction checks. Performing these thorough history checks for each prospective tenant can even help you choose more reliable, long-term tenants for your units. You can streamline the rental agreement even further by offering more convenient ways of paying for your new tenants. Setting up an online payment portal or accepting online payments helps to avoid late payments or fees. For current tenants… Tenant complaints happen, so being prepared for these occasions is important. Keep a list of past complaints so you can recognize any patterns. Being proactive when it comes to making repairs, organizing landscaping and winterizing efforts, or dealing with neighborhood noise goes a long way. Additionally, complaints should be handled in a timely manner to avoid further frustration. Try setting aside a little time each month to check in with current tenants. Knowing what they need before they even ask helps keep tenants happy and renting from you for longer. For the property… Renting properties isn’t just about tenant relations. It’s also about keeping your properties up-to-date and functioning properly. You can streamline this process by scheduling property and utility inspections ahead of time with a local contractor. A Centennial property management company can also help you set up these important maintenance inspections so you always have a heads up on what needs to be repaired or replaced. Taking time to document the property’s condition every few months can help mitigate costs due to damages and repairs.

Hire a Property Management Company

If you’re looking for an even better way to manage your rental, try working with a Centennial property management company. A property manager’s job is to perform all of the above duties and more so that you get the most out of your investment. Best of all, you get to decide how involved a property manager is with the day-to-day functions of your property. After reviewing your needs, you can be as hands-off as you want when it comes to management. From collecting rent and handling tenant complaints to managing property emergencies, a Centennial property manager can help.