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Many people think that being a landlord involves sitting back and collecting that monthly rent cheque.
Actually, landlords need to be responsive to their tenants’ needs and possess a certain amount of know-how around the home.
Today, property management companies can help landlords fulfill these functions, so tenants have a great experience and owners can regain their free time.
Please read on to learn more about how Your Landlord Duties Just Got Easier.
Better Tenants from the Start
When a landlord secures a great tenant right off the hop, everybody’s experience will be a lot smoother in the long term.
The best property management companies oversee a comprehensive screening process that will find you an A+ tenant without you having to do anything.
They will handle it all, from verifying employment letters, credit checks, reference checks, and even processing the applications themselves.
Landlords can feel confident that they’ll have a responsible, respectful tenant in their unit long-term, as the process for identifying them can be tricky, and mistakes can be costly.
Professional, Transparent Repairs
Owners need to feel like their home will be maintained and repaired professionally, but they also want to know that the rates for such jobs are appropriate.
The best Markham property management company has a long list of contractors they can draw on for any repair required.
Even better, the company should give multiple options for each repair job at different price points.
Such transparency allows owners to feel in control of home repairs, confident that their home is in great shape and that they are pairing a fair price for the maintenance.
Improved Tenant Relations with Less Work
Property management companies put in the hard work to keep relations positive between owners and tenants.
Your tenants will love having responsive and professional assistance from services like rent collection to taking and fulfilling maintenance requests.
Some unfortunate tenants are helpless when a landlord neglects their responsibilities, so having a landlord who provides a safe and well-maintained home is a strong incentive to keep renting.
Landlords will love having their tenants resign year after year, especially when someone else does the legwork for them.
Accurate, Reliable Reporting
Landlords want to understand the numbers underlying their investment without having to spend time calculating them.
That’s why the best property management companies create comprehensive and user-friendly monthly and annual reports that keep you in the know.
They’ll answer any questions you may have and will even walk you through the report should the need arise.
Look for a company that puts its reports in The Cloud so that owners can track repair requests, the status of maintenance work, finances, and more without having to break a sweat.
Landlords don’t just supply a property; they create a home.
When you have the backing of a professional management company, this obligation is streamlined in a way that helps tenants get the support they need, while owners get all kinds of invaluable services to ease their minds and safeguard their investment.