Real estate investing remains popular in the US today, with 29% of Americans reporting that real estate was their number one choice for investing money long-term.
Even so, ensuring your rental properties run smoothly is a time-consuming and costly process. You'll need to hire a property management company to manage your daily affairs to get the most bang for your buck.
Are you ready to see what professional property management can do for you? Keep reading to learn five reasons you should hire a Columbia property management company today!
1. High-Quality Tenant Screening
Tenant screening is not a simple process. If you lack the experience, you may end up with a tenant that doesn't pay on time and won't leave the property.
Property management companies have reliable screening processes in place. They can run criminal background checks, reference checks, and credit reports quickly and efficiently.
They're easily able to spot red flags and find reliable tenants who have a history of things like:
- Paying rent on time
- Renting long-term
- Not causing rental property damage
- Maintaining stable employment
- Reliable references from previous landlords
2. Skilled Tenant Management Services
Property management companies will effectively oversee the daily management of your properties. They'll handle emergency maintenance calls, routine maintenance, and tenant complaints.
Your tenants can also make maintenance requests online and have access to a 24/7 helpline to call for any issues with their property.
3. Efficient Rent Collection
Rent collection and late fees can be one of the most challenging things to navigate when you manage properties. Securing rental payments from your tenants can be awkward and time-consuming, especially when late payments are involved.
Property management companies will handle your tenants and ensure you have consistent rental payments each month by:
- Collecting and depositing monthly rental payments
- Managing late fees
- Handling evictions
- Managing all your accounting activities
4. Professional Marketing Services
To be successful long-term, your rental properties must have a solid online presence. Experienced property management companies will help you fill your vacancies quickly with services such as:
- Digital online advertising on major rental sites
- Virtual 3D tours along with online applications
- 24/7 property viewing with detailed floor plans
5. Ensure Compliance With Laws and Regulations
There are many laws and regulations you need to know about in the landlord and tenant act when you're a landlord in South Carolina.
You also need to be aware of new regulations that are passed. Property management companies will ensure you're compliant with fair housing laws, municipal codes, state laws, and much more.
Hire a Property Management Company Today
Managing your own properties is no easy task and can cost you money and time that you could be spending on other projects.
Hiring a property management company is the best solution for your business. For high-quality property management services, turn to HomeRiver Group in Columbia, SC.
We manage apartments, duplexes, single-family homes, and condos and work with homeowners and investors. We'll take care of everything for you, from rental payment collections to marketing and maintenance.
Make sure you contact us today to get a free rental assessment for your property!