Individual investors now own 72% of the 20 million rental properties in the US. As a real estate investor in Phoenix, AZ, you could struggle to gain a competitive advantage. Learn from other investors by hiring a full-service property management company.
On the fence about investing in Phoenix property management? Read on to learn everything you need to know to make an informed choice!
Types of Property Management Services
Full-service property management covers all aspects of owning and renting out property. The best property managers will remain available to you and your tenants 24/7. Their round-the-clock services can boost tenant satisfaction rates and save you from landlord stress.
Before hiring a property manager, consider the difference between full vs partial property management. A full-service company will cover:
- Evictions
- Property marketing
- Tenant screening
- Rent collection
- Property inspections
- Maintenance
- Legal compliance
With partial management, you may only receive help with a few of these processes. Full-service management will take the stress off your shoulders. Instead, you'll have peace of mind knowing an experienced team is on the job.
Here are the common types of property management services you can request.
Property Marketing
Potential renters may not find your available properties if you're not marketing online. Your property manager can:
- Clean and stage each unit
- Update online property listings
- Use traditional and digital strategies
America's rental vacancy rate has increased year-over-year. Marketing will help reduce your vacancy rate, improving your ROI.
Tenant Screening
Problematic renters can pay late, cause property damage, and cause you unnecessary stress. Your property manager can screen applicants before you choose renters. They'll help you choose renters you can trust.
Maintenance
Ignoring maintenance requests could lead to legal problems. Tenants may take legal action or move out.
Your property manager will schedule inspections. They'll help you maintain beautiful, attractive properties.
Benefits of Phoenix Property Management
Learning how to manage a rental property (especially as an accidental landlord) can feel daunting. You could make costly mistakes while you gain your footing in the industry.
Hiring a property manager allows you to leverage their experience and expertise. They can reduce your landlord stress by:
- Reducing your vacancy rate
- Maximizing your earning potential
- Ensuring legal compliance
- Marketing available units
- Screening tenants
- Streamline processes
You'll gain a competitive advantage, even in Phoenix's competitive market.
How to Choose a Property Manager
When choosing a property management company, consider their:
- Experience
- Services
- Reputation
- Fees
Choose a long-established business with access to professional resources. Their experience and proven strategies will help you excel in the real estate market.
Request Full-Service Property Management
Managing your Phoenix, Arizona investment properties alone can feel like a hassle. Instead, invest in full-service property management. The best property manager can help you thrive by taking the stress out of investing.
With more than a decade of experience, our team at PMI San Tan has earned the trust of Phoenix investors. We leverage state-of-the-art technology to streamline processes.
We can boost your owner profitability by making property management more manageable. Contact us today to learn how to manage a rental property without stress!
