Are you wasting time advertising, performing property inspections, and handling leases alone? Instead, outsource these tasks to a turnkey property management company. About 70% of property managers handle these tasks.
Property management services can save you time and help you operate more efficiently. You can improve your occupancy rate and, with it, your ROI.
On the fence about investing in real estate management services? Read on to discover five benefits of turnkey investment solutions!
1. Proven Turnkey Investment Solutions
Developing effective practices can take time. Using trial and error could cost you renters and potential earnings. Instead, rely on your property management team.
Their proven turnkey investment solutions will help you operate efficiently and effectively. You can learn from their years of experience and expertise.
Look for a real estate management team with over a decade of experience operating in St. Louis, MO. Their understanding of local market trends can help you remain competitive.
Your property manager can help you complete a rental analysis. The data they gather can help you set competitive rates. You'll have an easier time attracting tenants and standing out in St. Louis' real estate market.
2. Hassle-Free Property Management
Managing even one rental property can become time-consuming and stressful. Rely on a team of professionals instead. Their professional services can save you time, money, and stress.
Choose a company that uses state-of-the-art technology. According to Grand View Research, the global property management software market will grow by 8.9% before 2030. Key features include:
- Electronic lease agreements
- Maintenance tracking
- Accounting capabilities
- Financial reporting
- Online document storage
- Integrated banking services
Using this technology can reduce human error. You can respond quickly to tenant inquiries, reducing communication gaps.
Tenants can use an online portal to submit rent payments, questions, and maintenance requests. You'll have an easier time completing tasks, leading to hassle-free property management.
3. Legal Compliance and Protection
Your property manager will understand Missouri's landlord-tenant laws. These laws cover:
- Application fees
- Tenant screening
- Security deposits
- Late fees
- Required landlord disclosures
- Termination and eviction rules
- Landlord rights to access a property
Understanding these laws will help you remain legally compliant. Otherwise, you may face lawsuits and fines.
4. Find and Retain Renters
Your property managers can develop a marketing strategy to help you find reliable renters. They'll conduct thorough background checks to select the best possible tenants. Tenant screening reports can include:
- Criminal background checks
- Eviction histories
- Rental histories
- References
- Credit checks
- Employment verification
You can retain these renters to improve your occupancy rate and ROI.
5. Maintain Your Investment Property
Property management services like inspections and maintenance can protect your investment. Your property manager will ensure your rental remains in good shape. You'll have an easier time reducing costs and attracting new tenants.
Choose St. Louis Turnkey Property Management
You don't have to juggle these real estate management tasks alone. Instead, rely on turnkey property management. Professional services can ensure your success in St. Louis' competitive market.
PMI STL Metro is part of a fast-growing property management franchise with 20 years of experience. We can maximize your profitability using award-winning strategies.
Trust our professional guarantees and strong track record of success. Contact us now for a free rental analysis.
