When you hire an Odenton property manager, you are looking for experience and expertise. There are dozens of problems that self-managing landlords often come across that they don’t have the tools or resources to handle.
Keyrenter Annapolis Property Management manages single-family and multi-family properties throughout Anne Arundel County, including in Odenton, Crofton, and Pasadena as well as on Kent Island. We’ve seen it all, as property managers. We have a process to address just about everything that can go wrong at your rental property.
In today’s blog, we’re talking about some of the most common problems that property managers like us have experience handling. When you partner with a property management expert, you don’t have to worry about any of these frustrating things.
Tenant Relationships and Communication
Tenants are your customers when you’re renting out a property, and you have to treat them that way.
This can be difficult when you have difficult tenants. If rent isn’t paid on time, you’ll have to spend a lot of time trying to collect it. When there are lease violations discovered or disputes between neighbors, you’ll have to manage the conflict and enforce the lease agreement. Security deposit returns can get pretty touchy, especially if you and your tenants disagree on what should be considered wear and tear and what is clearly damage.
This isn’t always easy, especially if you have a hard time seeing things from a tenant’s perspective.
Professional property managers know how to communicate with tenants. We understand how to create and develop respectful, positive relationships that lead to higher tenant retention and less property damage. We enforce the lease agreement with consistency, making clear our expectations about rent collection and maintenance reporting.
We’re transparent, responsive, and accessible to tenants. You don’t have to worry about having a relationship with your renters when you have a property management partner.
Emergency Repairs and Routine Maintenance
No one likes late night phone calls about leaking water heaters or kitchen fires.
Property managers are prepared for these things. We are available and ready to respond with a team of qualified maintenance professionals.
There are other maintenance concerns to worry about. If repairs aren’t reported right away, you’ll find yourself dealing with deferred issues that only grow more expensive and complicated with time. If you’re renting out an older home, these maintenance calls may happen more frequently.
Property managers have experience implementing preventative maintenance plans, which will cut down on emergency repairs. We know how to protect the condition of your asset and keep your tenants happy with fast, convenient repairs.
Vacancy and Turnover Costs
Vacancy is expensive. Turnover is even more expensive. If you’re not sure how to find a great tenant quickly, you will lose a lot of money trying to rent out an unoccupied property. When one tenant moves out, you need to take care of maintenance issues and cleaning. There’s also marketing for a new tenant and keeping the utilities on during the leasing process. The costs add up.
Property managers often have plans in place to limit vacancy and minimize turnover costs. We work quickly and we know the local Odenton rental market well enough to avoid long vacancy periods. We price your property correctly, make sure it’s in great condition, and market it strategically.
Property managers can take a lot off your plate. We have experience and systems that will serve your property and your investment goals. To learn more, contact us at Keyrenter Annapolis.