Rent Perks

why should i hire a property manager

Should I hire a Property Manager?

If you are considering hiring a professional property manager, there are some important factors to consider. Hiring the right property manager can increase your investment’s value, reduce your stress and allow you more time to focus on other priorities in your life.

Perhaps the idea of someone else dealing with the day-to-day tasks of upkeep, maintenance, renting and collection appeals to you? Maybe you have a full schedule and can’t find the time to attend to your current properties or maybe you’re thinking of adding several investment properties to your portfolio and want to focus on other areas of your life as well. Whatever the reason — before you hire a property manager, let’s look at some things you should consider helping in your selection process.

Is it time to hire a property manager?

If you have more than one property or properties in multiple locations and don’t have a ton of time to deal with it yourself, then it’s time to hire a property manager. If you’re like me and have bought a couple of investment properties but still work full time and have other interests in life, then hiring a property manager is the best way to free up time, so that you can focus on things other than tenant issues.

When you hire a professional property manager, you’re getting invaluable benefits:

Reduced hassle – They take care of all day-to-day stuff that comes with owning rental properties. They screen tenants and collect rent on time, handle any maintenance needed, keeping your tenants happy while taking your stress levels down a few notches.

Professionalism that attracts better tenants and keeps them – A reputable property management company will do everything they can to bring in high-quality tenants who are likely to pay rent on time and take good care of your property. This means less vacancies and more reliable income for you over time—plus fewer headaches along the way!

Lower turnover rates – With a knowledgeable team behind the scenes who know how to keep things running smoothly for both sides of the contract—and if necessary, can negotiate with difficult tenants or handle any other issues that come up—you’ll see lower turnover rates among your residents than if left unchecked.

Now that we have covered all the reasons you should hire a property manager. Let’s step it up a notch and discuss Advanced Property Management from RentPERKS!

RentPERKS curates their vast network of tenants by offering rewards for great tenant behavior. We reward them for everything from paying rent on time, passing inspections and referring other great tenants to our network.

We know that the biggest issues facing owners with investment properties are tenant selection, time, repairs and cashflow. There are loads of good software out there but none of them help with the real issues or can add value to the process of managing your property.

RentPERKS tenant reward system is allowing us to curate the top 25% of all tenants nationwide. Imagine adding a world class rewards and loyalty program to the picture. Your tenant gets rewards for paying rent early, keeping the place clean and staying longer. Can your property manager offer these incentives to align your goals with your tenants’ behaviors?

Rewards programs have the effect of making consumers prioritize where they put their money. And that same program of rewards gives us data and history.

RentPERKS will screen potential tenants for creditworthiness, determine whether they meet your rental criteria and make sure that everyone who applies is qualified before they move in. This means we will only accept applicants who are likely to pay their rent on time, are responsible tenants, have credit worthiness, and have a history of being great tenants. It’s important to find an experienced management team that knows what they’re doing so that you can focus on growing your business without worrying about lost revenue from vacant units.

With the right company in place, tenants tend not only continue paying rent but also take care of maintenance tasks like changing lightbulbs or repairing leaky faucets rather than letting these things go until it becomes too late for repairs. That way when someone moves out, which is inevitable, there won’t be any damage or repairs left behind because everything was taken care of ahead of time by professionals with experience working with properties just like yours!

Expert-level repair and maintenance services. A professional property manager can take care of all these tasks, making it unnecessary for you to deal with them yourself. Additionally, some property managers have relationships with contractors who specialize in certain types of repairs or maintenance work. They can recommend the best contractors for your situation, saving you time and money by avoiding the need to do your own research.

If there’s a problem with one of your tenants’ units—they’re not paying rent on time or otherwise being difficult—a professional property manager will know how to handle it effectively. Some even offer tenant relations services that include regular check-ins and reviews so that you don’t have to be worried about whether things are always running smoothly.

RentPERKS take this another level, our state-of-the-art data-driven tenant rewards program ensures that RentPERKS tenants are among the best nationwide. Exceptional tenant placement paired with a reward system creates exceptional tenant behavior which drastically reduces the likelihood of difficult situations.

Hiring a professional may be worth the peace of mind. They are familiar with local landlord-tenant laws, so you don’t have to worry about breaking any rules by mistake! A professional property manager is trained to deal with tenants, understand the legalities of renting out your home, and manage all aspects of the rental process. They also make sure that you get paid on time and that the tenants keep their home in good shape.

RentPERKS has a proprietary system for tenant screening. Normally, property managers interview applicants and run background checks. Some of these are available to the public so you could do the same. But incentives are important. With a great rewards program we attract better tenants and encourage loyalty which minimizes cashflow gaps. When we do meet new people, we also run a social screening algorithm that checks word use and affiliations across all social platforms. It predicts behavior and it works. And that is not publicly available, neither is the data we continue to compile across Canada on tenants we don’t want. Court hearings and appearances give us data … finally, we always have 3 people deciding on tenant placement. It removes bias from the people in the field and allows for better decision making.

We handle everything to do with your property, from tenant screening and acquisition, to rent collection, to maintenance, to legal, we have you covered completely all in-house!

The great thing for you, is that everything is all laid out for you to view in real-time on our Owners Portal and your App. You can view monthly statements, ads, property performance, tenant leases and much more directly from the comfort of your own home.

RentPERKS is the undisputed leader in marketing, service delivery and rent rewards. We stimulate competition for your property and drive near zero vacancy by offering unbeatable perks to quality applicants. We reduce your risk by selecting the best applicants and reward the right tenant behavior (leasing/releasing, paying on time and maintaining the property in good condition). We reduce your risk through comprehensive tenant screening and Crediliytix™ scoring.

RentPERKS – Rent Better. Anywhere

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