Managing Out of State Rental Properties
Being a landlord has its challenges, especially managing your properties if you do not live in the state where your rental properties are located. It can be incredibly difficult to manage your rental properties and your relationships with your tenants from afar. Luckily, if you are currently in this position, there are people who can help manage your rental properties and your tenant relationships up close while you live at a distance. These people are called property managers.
Having over twenty years of experience being property managers in Redding and managing rental properties all over Shasta County, we would love to inform you on everything that a property manager can help you with that will ultimately relieve you of some of the stresses of trying to manage your rental properties from afar.
- MANAGING TENANT RELATIONSHIPS – a property manager will take care of the screening process for potential incoming tenants including income verification, employment verification, credit checks, and background checks. A property manager will also act in your place by communicating with and responding to your tenants in regards to rent payments as well as maintenance and repair requests. Property managers will make sure that rent payments are on time and that you have low vacancy rates.
2. MANAGING MAINTENANCE AND REPAIRS – a property manager will also handle any maintenance or repairs that need to be done to the rental property. Handling maintenance and repairs is one of the biggest stresses for most landlords, especially landlords who live out of state because they can’t get an up-close look at what needs to be repaired or replaced. Hiring a property manager can relieve this stress because a property manager will act in place of the landlord in getting an up-close look at the problem and will not only be able to give a full assessment of what is actually going on, but will also take care of the necessary repairs or replacements in the most efficient and low-cost ways.
3. MANAGING LEGAL WORK – a property manager will also handle any legal work as far as leases and contracts go. Property managers will deliver contracts and legal notices to tenants and will also take care of other logistics like paying maintenance and repair bills as well as taking care of income and expense statements and accounting statements.
Some of the most stressful tasks for landlords are the tasks that a property manager will care of. If you are a landlord who is currently managing out of state rental properties and you would like to relieve yourself of some of the stresses that come with that by hiring a property manager, feel free to give us a call at Authority Property Management. We do property management in Redding and Shasta County and would love to help you in any way that we can! Feel free to call us at (530) 410-6085.
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