Are you wondering why it’s necessary to work with a Visalia property management company?
And, if you do decide to partner with a property manager, are you wondering whether to choose a large, institutional company or a professional, local firm?
Maybe you’ve been managing your rental property on your own, and handing over the leasing, management, and maintenance of that property feels a little strange. We understand.
Making the decision to work with property management professionals is a big step. It’s also a smart one. The laws protecting tenants in Visalia are stricter than ever, and renting out a home is more complex than it’s ever been. You’ll likely find that not only do you have more peace of mind when it comes to your investment property, you also have the opportunity to save money on expenses. Property managers keep costs down. We implement strategies that increase what you earn.
We’re talking today about how property managers can accomplish things that independent landlords cannot. We’re also demonstrating the value of working with a local management company that really knows your property and the market.
Local Visalia Property Managers Understand the Market
It’s important to work with property managers who understand the local rental market. There are more resources and networking opportunities available to property managers. The technology is also more accessible, leading to a collection of data and information that you can leverage as a property management client.
While you might have used online rental sites or general data when gathering information for pricing and marketing, we have specifics that come with our years of experience and our presence in the rental industry. We’ve been in Visalia for years, and we are familiar with the competition and the opportunities. We know the properties, we know the tenants, and we appreciate both the challenges and the complex local laws and regulations that come with renting out homes in our market.
Working with a property management team will increase what you earn. Property managers will use what we know to limit vacancy time, accurately price your listing, and manage showings to encourage a speedy leasing process. We will recommend upgrades and updates that are likely to increase your rental value and attract quality tenants.
Understanding the market is an important part of our leasing process. As a homeowner who works with us, you can take advantage of our local knowledge, which combined with our industry expertise, delivers innovative and impressive results.
Local expertise is required. A large, corporate property management firm with offices across the country will dedicate fewer resources to understanding the local market. Always choose a company that knows this area and what’s required to effectively rent out a home here.
Complex Visalia Tenant Relationships
Landlords who manage their own rental properties are usually tasked with choosing their own tenants. This can be risky, especially if you’re not completely clear on fair housing laws and screening requirements.
Property managers can generally do a better job with screening. Not only is our process legally compliant, it also results in a better tenant.
Rely on our expertise. Placing the wrong tenant will create stress and frustration for you throughout the entire lease term. It will cost you money and waste your time. There will be late rent payments to collect, lease violations to correct, and perhaps even property damage or eviction. A good tenant makes a big difference, and you have a better chance of identifying, placing, and retaining that good tenant when professional Visalia property managers are conducting the screening and the background checks.
Our team screens tenants carefully and rigorously. We know the local laws and we’re careful to craft objective, consistent rental criteria that every approved applicant must meet.
A good property management team understands that your whole rental experience depends on having tenants in place who pay rent on time, take care of your property, communicate well, and follow the terms of their lease agreement.
Our screening process includes the following:
- Checking credit history
- Looking at criminal backgrounds and prior evictions
- Verifying income and employment
- Conducting reference checks of past landlords and property managers
You should not have to worry about the tenants who are occupying your property. When we rent your home, you can enjoy the peace of mind that your tenant is well-qualified and responsible.
Rental Property Maintenance and Repairs
One of the best reasons to hire a Visalia property manager is so that you don’t have to worry about maintenance.
Maintaining your property is an essential service that’s provided by your management team. Property managers will respond to routine and emergency maintenance situations, and we will also make preventative maintenance a priority. Cost-effective maintenance is one of the advantages to working with a property manager. You will save money on regular repairs, emergency calls, and even upgrades and renovations.
We have relationships with some of the most reliable vendors and contractors in and around Visalia. Your maintenance costs will be lower and the work will be completed professionally and quickly. There’s less to worry about when something minor happens. There’s nothing to worry about when something unexpected happens – we’re able to respond right away.
Lease Enforcement, Rent Collection, and Accounting
Are you able to enforce your lease? Managing on your own is difficult, if you shy away from conflict. With a local property manager working for you, there’s no need to worry about rent being collected on time. You’ll know your property is safe and protected.
Property managers have online rental payment options, which is a huge convenience to tenants.
We’ll enforce the lease agreement and hold your tenants accountable, even while maintaining positive relationships with our renters. You want to know there’s a good relationship in place between your tenant and your management company because tenant retention is important in saving you money.
Accounting is something else you can count on from property managers. Our software and technology is a huge help to owners, who simply need to log into their online portal to see a careful accounting of income and expenses.
There’s no need to struggle through the process of leasing, managing, and maintaining your property on your own. And, you don’t have to hand everything over to a large institutional firm who barely remembers your name.
Choose local Visalia property management. You’ll get the best service, the best value, and the best possible outcomes. Contact us at The Equity Group.