Finding a budget friendly, comfortable and just the perfect place to call home, working with a property management group can feel like a dream come true. However, if you’re planning on staying in a rental property, owning a property, or making an investment or purchase, consider hiring a property management company. This move will provide you with ease of living and not worry about the hassle of managing it. Here are a few of the benefits of working with a property management group and how they can make your life much easier.
Finding Good Tenants, Properties and Investment Properties
One of the most important steps for having a successful rental property, minus the headache, is finding good tenants. Property management companies know how essential this is, which is why they have thorough screening processes to find those good, high-quality tenants. This can make all the difference in getting consistent rent payments on time and avoiding issues with property damage. With the CLV experience property industry leaders, they will be sure to find the best place in your community to call home. As for investments properties, a property management group has a great understanding of the real estate landscape.
Dedicated Bookkeeping and Easy Monthly Reporting
Reputable property management groups take care of the bookkeeping and provide monthly reporting to ensure residents receive timely payments. This keeps everything simple, organized, and visible so you can keep track of what happens with your rental property. Whenever you want to view your payables, receivables, general ledger or more, you can hop onto the online portal to review it all in one place.
Maintenance and Repairs Are Taken Care Of
Working with a property management group also takes the upkeep and repairs off your shoulders. You’ll get access to their trusted partners who are fully trained and licensed in their line of work. This usually includes trades, lawn and garden care, pool experts, and more. So when a pipe bursts or the landscape needs to be mowed, raked or shoveled, you won’t have to worry about handling any of it. Contractors also generally offer discounted rates since they get a more consistent work volume when partnering with property management companies, saving time and money.
Professional Marketing Drawing Customer Interests
In addition to the wide network of partners, you also benefit from having professional marketing services done for you by the property management company. They can advertise and showcase your rental units, investment properties or development properties with the skills and know-how to make them more attractive to prospective tenants. Drawing your interest as a prospective client, and wanting to live in one of their affordable and comfortable homes.
High Retention Rates
It can be challenging to keep good quality tenants in a rental property. But by working with a reputable property management company, you know they offer a high level of maintenance and care. This is the best way to retain tenants long-term and maintain a higher retention rate. This also generates more consistency with your rentals which means more consistent cash in your pockets.
CLV Group and InterRent REIT have been providing trusted property management services across Ontario for over 50 years, and in Quebec and Vancouver. Gain more freedom and reduce the stress of finding a perfect place to call home by letting us help you. Contact us today to get started or to learn more!