Owning a rental property comes with a lot of changing details, and it requires constant project management. For landlords who may be struggling with one particular area of rental management or several, we’re talking today about how a professional Olympia property manager can solve your biggest landlord problems.
Setting the Rental Price
We can analyze the market and the area in which your investment property is located to maximize the amount you charge for rent. As you know, rents have been going up significantly over the last couple of years, and sometimes properties are marketed for less than what they’re worth. A property manager can make sure your property is priced competitively to increase your cash flow.
Achieving Rent Ready Condition
Your property has to be ready for the market and prepared for your tenants. Otherwise, it’s difficult to show. It will also be impossible to do an accurate condition report at the beginning of a tenancy if it’s not rent ready. From paint to cleaning, everything has to be presentable, functional, and looking like an appealing home for your tenants.
Providing an Exhaustive Screening Process
Tenant screening is one of the most important parts of rental management, and landlords don’t always have the resources to do a thorough screening. We are able to marry up with third party vendors who can look at different parts of a tenant’s background. Everything is checked and verified, from credit to employment to rental history. We take the extra time and put in the extra work to avoid making mistakes in the rental process from the very beginning
Collecting Rent on Time
Collecting rent is one of the responsibilities of property managers, but we do a lot more than that. We are able to hold tenants accountable and get rents in on time. We track that income monthly and give you the reports you need to keep yourself organized. We also provide year-end reports for you to bring to your accountant at tax time.
These are just a few of the landlord problems that a professional Olympia property management company can solve. If you have some problems of your own, contact us at T.J. Guyer Property Management, and we’ll talk about how we can help.