With mortgages becoming harder and harder to obtain, more and more people are opting to lease a property rather than buy. However there are so many horror stories of bad tenants, law suits, scams and long periods of a vacant flat. Many property owners enjoy handling their rentals on their own – they treat it almost like a business, which is great! However some inherit property, or obtain an old property before purchasing a larger family home and decide to rent it out rather than sell. With lack of experience in the renting industry, can cause problems on the road.
Here are our 6 reasons why you should hire a property maintenance company to avoid all these issues and be a great landlord.
Better Screening For Tenants
Allowing tenants in your property who have the ability to damage your belongings or disrupt others in the building can badly impact on you as a landlord. You may be bombarded with complaints from other neighbours. A property maintenance company will have all the resources needed to properly screen potential tenants. Do they have pets? How many children? Are they students likely to have lots of parties? Are they in a stable job where they can assure you they will pay the rent every month?
Fewer Legal Worries
Property management professionals know all the legalities of property rentals have made rental management our career. It’s our job to make sure every I is dotted and every legal footnote followed to the letter. Not knowing the laws inside and out can leave you wide open for costly lawsuits and other legal issues. Just one lawsuit will cost more than decades of property management fees.
Less Vacancies
A property maintenance company specialise in making a property look good and feel safe. By assuring possible leasers that you work closely with a property maintenance company who have carried out all relevant checks and created a safe space makes your rental look more attractive compared to others. The more time you property lies empty the more money you’re losing from your investment so it is wise to use a property maintenance company to ensure you property is continually getting leased.
Property Maintenance Company Can Save Costs In The Long Run
Most property maintenance companies will offer preventative maintenance services. This is where the contractor will come and assess the property for any potential issues that may occur. This can be plumbing, electrics and flooring for example. By carrying out preventive work, it will save you costs in the future in case anything were to happen within the property. As well as preventive services most property maintenance companies will have emergency or reactive services. This is when urgent repairs need carried out. Many property maintenance companies will have contractors on hand that can offer a great price due to their close and trusted relationship.