How many hours a day do your rental properties demand your attention? If you own multiple properties in Pittsburgh, you may never get a break. Instead of doing it all alone, hire a property management company.
They can handle everything from rent collection to lease enforcement. About 70% of property managers help with advertising, leases, and inspections.
Not sure if you need a property manager? Read on to discover why you should outsource today!
Experience and Expertise
Whether you're new to owning rental properties or have years of experience, there's always something to learn. Hiring a property management company gives you access to their experience and expertise. Their specialized experience can help you discover ways to operate more efficiently.
Outsourcing gives you access to a wider pool of talent. You can find a qualified professional to help with specific tasks. Here are a few ways you can leverage their expertise.
Legal Expertise
As a real estate investor, you're responsible for keeping up with housing laws and regulations. Remaining compliant will help you avoid fines or legal consequences. However, new federal, state, and local laws are implemented each year.
A property manager can lend their legal expertise. They'll ensure you remain compliant.
Lease Enforcement
The best property manager can handle lease enforcement on your behalf. They can:
- Create a detailed lease agreement
- Maintain communication with tenants
- Ensure tenants uphold lease obligations
- Perform routine property inspections
- Enforce ramifications for lease violations
They'll ensure you and your tenants remain within the confines of the law.
Cost Savings
Outsourcing can help you discover ways to save time and money. Choose a company that uses the latest property management software. This can help with:
- Rent collection
- Online maintenance tracking
- Online document storage and sharing
- Financial reporting
- Electronic lease agreements
- Integrated banking
- Addressing tenant inquiries
Using online resources can save time. Improving efficiency and accuracy will improve your ROI.
Tenant Screening
Rushing to hire tenants can lead to troublesome renters. They may damage your rental properties or fail to pay rent.
The best property managers offer tenant screening services. They'll find trustworthy tenants without eviction histories. You'll have peace of mind knowing the best renters are in your investment properties.
Fill Vacant Rental Properties
Without a marketing strategy, your rental properties can sit vacant for months. Your property manager can:
- Clean and stage the property
- Make informed improvements
- Hire a real estate photographer
- Update online listings
- Use digital marketing strategies
You can fill vacant units to improve your occupancy rate. With help, you can maximize your owner profitability.
Maintain Your Rental Properties
Routine inspections will ensure you spot problems before they develop into expensive issues. Your property manager can keep up with maintenance and repairs. They can fulfill requests from tenants to ensure the property is habitable.
Outsource Property Management Today
Managing multiple investment properties in Pittsburg can become tedious. Instead, hire a property management company. They'll handle everything from tenant screening to lease enforcement.
With help, you can thrive in today's competitive real estate market. Our team at The Burgh Property Management has 20 years of industry experience. We use state-of-the-art technology to help clients maximize their earning potential.
Want to experience the benefits of outsourcing? Contact us today to meet your property manager!
