Reasons to Hire a Property Manager

Managing a rental property might not be as straightforward and simple as it might seem. Property management in Charlotte, NC requires commitment. If you decide to manage your rental property yourself, you will always have your hands full and may be unable to make time for things that matter.

Whether you have one or multiple rental properties, it makes sense to hire a professional property manager. Your property manager will collect rent, maintain your rental property and ensure smooth evictions.

When you hire a property manager, you have the peace of mind knowing that a professional is overseeing and managing the daily operations. You will make more money with a property manager over time.

Here are some compelling reasons to hire a professional property manager.

They Will Help you Determine the Rental Value of Your Property

Setting the right rental price is important. A higher rental price will shoo away prospective tenants. If, on the other hand, you charge a lower rent than property owners in your neighborhood who own properties similar to yours, your ROI will plummet.

Your property manager will conduct thorough market research to determine the right rental price, helping you maximize rental income and maintain a low vacancy rate.

They Will Screen Tenants

A troublesome tenant or a tenant with a shady past is a landlord’s worst nightmare. In addition to damaging the rental unit, a bad tenant can create problems for their neighbors. If a bad tenant uses their rental unit to conduct illegal business, the landlord may face legal troubles.

Your property manager will help you select the right tenants. When screening tenants, they will conduct background checks to find out if prospects have a criminal history. Your property manager will also check every applicant’s credit history to determine if they can afford the rent.

Property Managers Ensure Compliance With Landlord-Tenant Laws

Property managers keep up with changes in tenancy law. Tenants can allege discrimination if regulations are not followed during screening or eviction. Your property manager will ensure compliance with laws and regulations when screening applicants and follow guidelines when evicting a tenant.

If you want to evict a troublesome tenant, your property manager will fast track the eviction process while staying within the boundaries of the law, saving you time, money, and headaches.

They Will act as a Bridge Between you and Your Tenants

Your property manager will help keep a line of communication open with your tenants. They will convey your concerns to them and their expectations to you. Your property management company will maintain your rental units and ensure they are in habitable condition. They will take care of both routine and emergency repairs.

The Castle Gate Real Estate Group team consists of seasoned professionals. We help maintain and improve landlord-tenant relations. We can customize our service package to suit your specific needs. Have questions for us? Call 704-533-9387.