Did you know that 36% of Americans are renters while the rest are homeowners?
Becoming a landlord is a lucrative opportunity since the demand for rental units is so high. If you like the idea of creating a big stream of income without adding tons of work to your plate, then hiring a leasing management company can make a huge difference.
It's important to know that not all leasing management companies are created equally, though. Keep reading this guide that outlines every step you can take to find your perfect match.
Read Reviews for Investment Property Management Companies
Why take a risk on a leasing management company when you can learn about the experiences other landlords have had in your community?
Reading online reviews is always worth your time since you can gather lots of valuable information. If a leasing management company has earned a great reputation, then you can have peace of mind that you'll be treated well, too.
Figure Out Which Leasing Management Services They Offer
Landlords are all different, meaning they all have unique preferences when it comes to managing their workload. You should be able to find a leasing management company that can provide all of the services that you're interested in.
From collecting rent to screening new tenants and hiring vendors, there's a wide range of services that you should consider using.
Compare Prices for Each Leasing Management Company
Every leasing management company will list different prices for their services. Since you want to maximize your income, it's wise to compare the costs so you can get the greatest value.
You definitely don't want to pay tons of money for subpar services when there are so many other leasing management companies that could treat you better.
Verify License, Insurance, and Certifications
It can be nerve-wracking to put your valuable investment in someone else's hands. You should never sign any agreements before you can verify that a leasing management company is qualified.
Make sure to ask about their license, insurance, and certifications to know that they're trustworthy. You may also want to ask about how long they've been in business.
See How Each Property Management Company Communicates
You deserve to feel like a valued client since your business matters. A simple way to figure out if a leasing management company appreciates you is by contacting customer service.
Are you treated with kindness and patience, or is the interaction rushed? A high-quality business will have excellent communication skills.
Are You in Need of Leasing Management Services?
Hiring a leasing management company could be the smartest move you make as a landlord. As long as you follow this advice, you can ensure you find the right match.
Are you on the hunt for full-service property management in the Denver Metro area? Laureate LTD. is here to meet all of your needs. Contact us to learn how we can help.
