Do You Need a Property Management Service?
By renting out your property, you can earn a good additional monthly income. However, it also has great potential to give you constant headaches.
A good property management service can step in and make your life easier by doing the property management tasks for you. You can also search for various agencies that provide Airbnb & Co Property Management Services online.
Image Source: Google
These are the four most prominent services a property manager can provide.
View potential tenants
Your rental manager will also take on the task of weeding out potential tenants as soon as they call. This screening often includes in-depth reports and credit checks to reduce the risk of non-performing tenants.
Taking care of your property, such as mowing the lawn or repairing a broken dishwasher, is your responsibility as the property owner. However, you can rest assured that your hiring manager will coordinate the maintenance for you.
Your tenants also contact your property manager directly if they have a property issue that needs fixing. This significantly reduces your daily effort for the maintenance of your property and saves you a lot of headaches.
With property management services, all you have to do is wait for rent checks in the mail, without the hassle of collecting and moving your tenants. The amount will be less than what you would get if you managed the property yourself. However, your landlord waivers are often more than justified by property management fees, which can be up to 10% of the monthly rent.