Hiring a professional property manager in Concord, CA is a good way to ensure your investment is protected and its value is maximized. When you’re choosing a property manager, there are several specific things that you should be looking for.
Communication and Availability
Property managers should be available all hours of the day and night, over weekends and even on holidays. When you have a question or a problem, you need to be able to discuss it openly and honestly. Look for a property manager who values communication and remains accessible to clients and tenants, especially during emergencies.
Thorough Screening Practices
A professional property manager has the resources and experience to provide a rigorous screening process. You need someone who will check credit histories, run background checks and talk to employers and landlord references. Eviction reports are also critical. Talk to your potential property management partner to find out what kind of screening procedure is in place and how you can be sure you’re getting the best tenant for your property.
Vacancies are expensive for landlords, and you need a property manager who can minimize the amount of time your property is empty. Most leases require a tenant to give 30 days’ notice before moving out. Your property manager should spend that time marketing your property and finding a new tenant. Ideally, you will have a new tenant ready to move in immediately after your current tenant moves out. A low vacancy rate will increase your annual rental income.
Rent and Accounting
A professional property manager will collect rent from your tenants and deposit it into your account swiftly. You should also receive a monthly statement from your manager outlining what was spent and what was earned on your property during each period. You’ll have an organized set of statements and documents to keep you up to date with the performance of your property.
Professional property managers can make your life as a landlord a lot easier and much more profitable. Contact Astound Property Management if you have any questions about how to find the company that’s right for you.