What if you no longer had to worry about collecting rent, reviewing rental applications, or calming problem tenants? What if, instead, you could sit back, relax, and know everything was running smoothly? With professional Boise property management services, it's not just a dream!
An experienced property manager can handle these tasks on your behalf while ensuring everything runs more efficiently. Not convinced you need help? Read on to discover the benefits of adding a property manager to your real estate team today!
Fewer Problem Tenants
An experienced property manager will know how to recognize problem tenants. They can help you find and choose high-quality tenants instead.
If you already have problematic tenants, your property manager can step in as a buffer. They'll handle these unpleasant confrontations on your behalf.
Increased Rental Applications
Are you struggling to attract prospective renters to your listings? Your property manager can develop an effective marketing strategy. For example, they can:
- Hire a professional photographer
- Share your listing on multiple sites
- Create digital ads
- Share the listing on social media
Their proven marketing strategies will increase the rental applications you receive. Your property manager can also screen these applicants on your behalf. Screening applicants can help you avoid problem tenants.
Otherwise, you could end up with renters who pay late, trash your property, or upset the neighbors. Don't try to screen applicants on your own.
The Consumer Financial Protection Bureau received 26,700 complaints about tenant screening between January 2019 and September 2022. About 65% of these complaints were due to inaccurate information.
Use your property management company's resources to get accurate information. With their help, you can choose reliable tenants.
Higher Lease Renewal Rates
The rental vacancy rate in the US increased to 6.1% in 2023. Long-term vacancies can steal money from your accounts. Working with a property management company can help boost your lease renewal rate.
Your property manager can make your rental property more desirable. Their leasing management tactics could encourage renters to stay longer. The longer renters stay, the more money you'll save.
Your property manager can encourage a lease renewal by:
- Offering incentives
- Providing updated appliances
- Making energy-efficient improvements
- Offering a month off rent
You won't have to waste resources marketing, screening applicants, or dealing with unreliable renters. Instead, you can retain the amazing renters you already have.
Simplify Collecting Rent
An experienced property management company will already have an efficient rent collection process in place. Streamlining this process will ensure steady, reliable cash flow. You won't have to worry about renters falling behind.
If renters do fall behind on rent, your property manager will handle the eviction process for you.
Choose Boise Property Management
You don't have to handle the stressful, day-to-day tasks of being a landlord. Instead, consider hiring a property management company in Boise. Their professional services will save you time, money, and stress.
First Rate Property Management started in 1994. Our team has years of hands-on experience helping landlords like you. We'll dedicate our personal time and attention to you and your tenants to ensure your success.
Contact us today to learn more about our property management services.