The rental vacancy rate in the US has increased from 5.8% in 2022 to 6.6% in 2024, according to US Census Bureau data. Has your vacancy rate increased in that time? If so, you may want to consider turnkey property management solutions.
Relying on professional real estate services can save you time and money. You can improve your profitability while avoiding the stress of managing your properties alone.
Not convinced? Read on to discover the benefits of professional real estate management today!
1. Effective Property Investment Strategies
Working with an experienced property management company will give you access to their proven property investment strategies. Relying on their experience and expertise can ensure you develop an effective plan.
Choose a company that will cater their services based on your needs. They'll evaluate your properties to determine which solutions will be most effective.
For example, they may recommend upgrading your rental properties to make them more appealing to renters. Their suggestions can improve your property values, generate more applications, and open your tenant pool.
Perhaps you're struggling to keep up with maintenance requests. They may recommend that you use an online tenant portal to remain organized and efficient.
2. Streamlined Tenant Management Solutions
Your real estate management team can help you better manage tenants. They'll start by developing an effective tenant screening process. Screening applicants will ensure you find renters who won't:
- Damage your investment property
- Pay rent late
- Ignore your house rules
- Upset the neighbors
- Case legal trouble
You could waste time and money using a do-it-yourself tenant screening portal. Though 90% of landlords use these reports, they only provide simplified summaries of each renter's history. Some reports even include inaccurate or outdated information.
Your property managers will engage with tenants on your behalf. Their tenant management solutions can improve satisfaction rates. Keeping renters happy can lead to more lease renewals, boosting your occupancy rate and ROI.
3. Protect Your Investments
Your real estate management team will schedule regular inspections to ensure your properties stay in good shape. Their services can protect your investments and save you money.
Rely on their property investment strategies to build your wealth. For example, your property manager can complete a rental analysis. They'll help you set competitive rental rates that attract renters while improving your profitability.
4. Hands-Off Property Management
Managing multiple investment properties can become stressful and time-consuming. Relying on hands-off property management can improve your quality of life. You can sit back, relax, and have peace of mind knowing your properties are in good hands.
Choose a full-service real estate management team. They can cover:
- Property marketing
- Tenant screening
- Rent collection
- Maintenance
- Accounting
- Evictions
Relying on their services will allow you to focus on more important tasks. Meanwhile, your property managers will remain available to step in when help is needed.
Choose Turnkey Property Management
Managing your investment properties alone can become stressful over time. Instead, rely on turnkey property management. Hiring an experienced real estate management team can save you time and boost your profitability.
Our team at PMI Green Country is committed to adding value to your investments through accuracy, communication, and integrity. Rely on our state-of-the-art software to track how your investments perform in real time. Contact us now for a free rental analysis.
