5 Ways that Landlords Benefit from Property Management Services

Are you a landlord who’s struggling with frequent vacancy or constant conflicts? Do you find that you’re spending more than you should be on repairs and maintenance? Do you struggle to keep up with your day-to-day tasks and wish someone else could take over some of the responsibility? If so, then it may be time to hire a property management company. To find out if it’s the right move for you, here are five ways that landlords benefit from rental property management services (and how you can too).

Routine Property Inspections

Property inspections are time-consuming, but if you don’t routinely check your property, you could end up with a costly mishap on your hands. Hiring a property management company will ensure that your property is routinely inspected and maintained while saving you time, effort, and money.

Maintenance

Every landlord is responsible for ensuring that their property is safe year-round, but the most challenging responsibilities always come during the winter time. Removing the snow and ice from the walkways and preventing other hazards can be time-consuming and exhausting for you. Instead of having to get out the shovel, hire a property manager who can take care of all the winter maintenance for you.

Tenant Vetting

Finding the right tenant can be extremely time-consuming and stressful. Thankfully, experienced property managers can handle all the leasing efforts and ensure your property is rented by responsible, paying tenants. To do so, quality service will offer customized marketing techniques to suit your property and an extensive screening process to ensure you get the right tenant every time.

Handling Payments

Are you chasing after tenants for their monthly rent? With rental property management services on your side, you’ll never have to deal with the headache of collecting funds again. Plus, they’ll keep all the records in order for you, making tax time a breeze.

Managing Employees and Contractors

As a landlord, you’ll likely have a number of contractors to deal with on a regular basis. And if you manage a large condo or apartment building, you’ll also have to oversee a number of employees who take care of the property, payroll, and administrative duties. If you’re spending most of your time micro-managing, now’s the time to hire a property manager to take care of this work for you so you can spend your time on the things that best utilize your expertise.

If you’re tired of dealing with the tasks of being a landlord and are ready to hand responsibility over, give the Medallion Capital Group a call. We offer professional property management services so you can enjoy the benefits of being a landlord without the hassle. Reach out to us today!