Are you considering hiring an Atlanta property management company to help with your growing portfolio of investment properties?
It’s quite common for self-managing landlords to realize over time that taking care of rental properties is a lot of work.
And, as much as you might think owning rental properties is the surefire way to achieve financial freedom through passive income, one thing is for sure – if you are managing your properties on your own, the chances of this happening are very slim.
That’s why today we are sharing with you the top reasons why you should consider hiring an Atlanta property management company to help you care for your rental properties.
Top 7 Reasons to Hire an Atlanta Property Management Company
1. You Don’t Have Enough Time
Being a landlord can take up a lot of time, and it’s often time that you don’t have. This is especially true if you have a job doing something other than being a landlord.
In fact, always being present at your rental property to handle maintenance and repairs, tenant complaints, and property inspections can seem impossible for owners managing their own properties. And that’s just the beginning of what you’ll need to do as a rental property owner.
You also have to advertise your vacant property, screen for high-quality tenants, draft legally compliant lease agreements, and collect the rent your tenants will be paying you each month.
If you find yourself strapped for time, but don’t want to miss out on being an income property owner, it’s time to consider hiring an Atlanta property management company to help. This way, you can have more free time, while still reaping the benefits of owning rental properties.
2. You Need Maintenance and Repair Help
Having a qualified property manager on hand to help you with your rental’s maintenance and repair issues relieves you from having to be on call 24/7.
In fact, if you hire the right property management company, you’ll find yourself with:
- Someone to take care of any minor or major repair issues in your property
- Extra time and money because small issues will be handled right away
- A Rolodex of reliable, timely, and professional contractors and vendors
- A dedicated maintenance crew to help your tenants with anything that needs fixing
Lastly, you’ll love having happier tenants who are more likely to renew their lease agreements.
3. You Live Far Away
If you don’t live near your rental properties, finding the time for things like property inspections, rent collection issues, and maintenance and repair requests will be difficult.
That’s why having a property management company near your rental property is helpful.
Not only will they be able to handle routine things related to your rental property, they’ll also be able to respond to emergency situations right away.
This is great because it helps your tenants see that you care about their concerns and comfort. It also prevents costly damage from occurring to your property because you live far away, and can’t get there in a timely fashion.
4. Shorter Vacancies
Vacancies are something all landlords need to handle at one point or another.
But, with the expertise of a property management company, you’ll find filling vacancies happens much faster, not to mention with less effort on your part (if any effort at all).
Here are some of the things a knowledgeable property management company can do to help fill a vacant property:
- Advertise your available rental on a variety of platforms such as Zillow, Trulia, and Craigslist
- Send out high-quality ads to gain interest among potential tenants
- Give proper showings of your property to any prospective tenants
- Provide guidance on how to improve your rental to appeal to more tenants
Also, a good property manager will help you determine a reasonable rent rate for your property that will be competitive for the current market, while also high enough to garner you generous profits.
5. Better Vendor Relationships
It’s important to know why having a property management company with a reliable list of vendors is vital to your rental property business.
To start, not having a list of contractors and vendors to rely on when you need help wastes time if an issue arises. Scrambling around last-minute to find someone to repair a leaking shower can end up being a massive time loss, and a massive source of stress.
Not having go-to vendors and contractors also puts your rental property at risk because you don’t know the quality of the work being performed. If you get in a pinch, you may end up hiring someone whose work is not the best quality, and you may end up paying for it to be fixed again.
Successful property management companies in Atlanta work hard to forge strong relationships with vendors in all industries. They seek to connect with those who provide timely, professional, and reliable work. These vendors get jobs done as quickly as possible and help save you money, while also ensuring your tenants are happy with the quality of work provided.
6. Improve Resident Satisfaction
Keeping your tenants happy is the key to a successful rental property business. Yet, not every property investor has the desire or skillset to provide good customer service to his or her tenants.
If your tenants aren’t happy with the way you handle things, they might not want to renew their lease with you. This could be true even if you feel like you’re doing everything right.
But, if you hire a property management company who strives to give their property owners and tenants the best customer service possible, you can rest assured your tenants will be happy. You can also expect that things will be handled with the highest level of professionalism.
7. Legal Compliance
Keeping up with the federal, state, and local landlord-tenant laws in Atlanta can be tough. Not to mention, it can be costly if you don’t follow the rules and land in court with a disgruntled tenant.
New regulations are enacted all the time, which affect rental property owners. And, there are several rules in place that protect tenants from law-breaking landlords.
Having a knowledgeable Atlanta property manager on hand who understands the landlord-tenant laws in place can help prevent costly court battles related to:
- Fair Housing regulations
- Housing and building codes
- Eviction procedures
- Proper notices
- Smoke and carbon monoxide requirements
- Lead and mold inspections and disclosures
- And much more
Don’t get caught up in preventable legal troubles. Instead, hire a property manager to help protect you, your property, and your tenants.
In the end, there are many reasons why hiring a property management company in Atlanta can help you become a successful landlord. Whether you’re looking to invest in your first rental property, or have an expanding portfolio, the benefits are undeniable.
If you’re looking for a property management company in Atlanta, contact Atlantic Property Management today to get started. We can help you handle legal matters related to your property, provide superior customer service to your tenants that will encourage lease renewals, help with maintenance and repair requests, and much more.
Most importantly, we can save you time, money, and effort while your rental property business continues to grow, and you get that much closer to the financial freedom and passive income you desire.