Do you ever wish it was easier to find tenants for your rental property? If so, using a leasing-only service can be an excellent way to boost your rental occupancy rates.
But what should you consider when deciding whether to choose this specialized service? Getting the best returns from your investment is a priority, and it's important to know what to look for before hiring a leasing manager.
Read on to find out how to find a first-rate leasing company.
Experience and Local Knowledge
It can be challenging to attract high-quality tenants, but an experienced property manager will know how to create exceptional listings that appeal to potential renters.
It's also a key advantage if your leasing-only agent knows the local area. They'll be able to highlight attractions and events that could be of interest to tenants and provide them with information regarding important factors such as transport links.
Leasing Agent Reputation
It's vital to only work with a leasing-only agent who has a rock-solid industry reputation. After all, you're trusting them to manage your investment, and you need to be sure they have your best interests at heart.
Ask a property manager if they have references from previous clients. If so, this can give you peace of mind that they'll take good care of both you and your tenants.
Communication Skills
Even if you're familiar with the property rental process, there are still times when things can change and surprise you. This is when you need your leasing-only manager to have great communication skills.
For example, when showing your property, they may spot a problem that needs to be fixed immediately. This could be a health and safety hazard such as a cracked window.
Or it might be they've found out that rental prices are rising in the area. This is something you'll need to know straight away so you can decide if you want to charge more for your property.
Range of Services
A leasing-only service is just one of many rental management solutions available, and in the future, you might decide you need more help as a landlord. It may be that you'd like assistance with managing tenant relations or tenant placement. There can also be issues with maintenance and rent collection that a property management company can resolve on your behalf.
If you're working with a business that solely provides a leasing-only service, this will mean you need to search for a new company. This can be time-consuming and cause you unnecessary stress.
By hiring a company that provides more comprehensive property management services from the start, you can avoid this pitfall.
Enjoy the Benefits of a Leasing-Only Service
Choosing a leasing-only service can be a cost-effective way to find great tenants for your property throughout the year.
At PMI Contra Costa, we bring a wealth of industry experience and know-how when managing your property. Whether you require leasing-only services or a wider range of property management benefits, we can meet your needs.
To start earning more income from your property investments with less hassle, contact PMI Contra Costa today.
