Moving out of your property? Your first thought might be to sell it. However, if you have the means and time to turn it into a rental property, why not take advantage of the investment opportunity. With a rental management company like Century 21 Haggerty on your side, you can make the most of this opportunity.
Property Managers often have to work a balance towards pleasing clients that don't always share a common goal. Where you have a real estate investor who is trying to accomplish maximum returns while maintaining little expense, you in turn have a tenant who wants great value with affordable rent. Excellent customer service can be an effective way to accomplish getting your tenants the value that they want all while producing those ROI(return on investment) numbers that your rental property owners are looking for. Cutting Corners Unfortunately too many landlords often look towards cutting corners that only end up hurting them in the long run. Often we find landlords that forego hiring a professional property management company and try to go it alone so that they can avoid paying property management fees . Not only do they soon find themselves stuck within an industry that involves state and federal laws that they are not entirely aware of, but they also will realize that their rental property and their tenants require frequent upkeep and communication. Ignoring a tenant leads to bad blood and quickly sours a relationship. And ignoring an investment property 's needs often leads to increased costs down the road that could have been avoidable. Bring in Professionals Mismanagement and bad customer service leads to a cycle of short tenancies, more vacancies and a loss in revenue. The more investment savvy rental property owner will look towards a professional property management company, like Century 21 Haggerty Property Management, to help improve customer service and tenant relations with advanced tools that allows for constant communication, easy rent payment options, quick work order turnovers and other tenant benefits. They also provide the owners with added benefits such as deferred maintenance inspections which not only checks-in on the tenants, but will also help to catch any hidden maintenance issues that have the potential to grow into a much more expensive issue if not tended to.
El Paso rental property owners face many federal fair housing laws and state property codes that must be complied with throughout the El Paso leasing and management process. It’s important that you’re thinking about these laws during the application process, during the tenancy, and during the move-out process.
