The number of renters in Utah increased by almost 26% between 2010 and 2021, and the numbers continue to grow. A large rental market is a gold mine for investors, but only if you have great tenants.
What percentage of tenants are good or bad? How can you keep your best tenants happy to increase retention rates?
No matter the question, property management is the solution. A great property manager can help with maintenance coordination, tenant screening, and lease enforcement.
Read on to learn how these professional tasks benefit landlords like you.
1. Maintenance Coordination
Maintaining St. George real estate properties can be a costly and time-consuming task. When issues come up, a property manager can coordinate maintenance by hiring a contractor.
They often have a network of reliable people they have worked with in the past. This saves you time and money you would otherwise have to spend testing out potential contractors.
Because of their relationship with contractors, property managers may also be able to get you a better price.
Property managers excel in maintenance emergencies and preventative maintenance. They will complete regular rental property inspections to identify potential issues before they become major problems.
Great property managers will be in tune with your property. Over time, they might suggest cost-effective upgrades that could increase rental income and tenant satisfaction.
2. Tenant Screening
Property managers in St. George can help landlords acquire high-quality tenants. Tenant screening is an important aspect of property management.
A great screening process will help owners avoid problem tenants. St. George property management companies likely have established screening processes in place that check:
- Rental history
- Criminal records
- Credit history
- Work history
Because of their expertise in the field, they can also identify potential red flags during the screening process. This mitigates the risk of bad tenants and ensures the selection of responsible renters.
3. Lease Enforcement
An important aspect of property management is lease enforcement. Ensuring that tenants handle their responsibilities can enhance the value of the property.
Tenants who take care of their units and communal areas also save landlords money. Tenants who don't pay rent on time, destroy property, and cause disruptions to others require lease enforcement in St. George.
Even if you utilize tenant screening processes, bad tenants can fall through the cracks.
Property managers will begin the lease enforcement process by notifying the tenant of their breach in the lease agreement. If the tenant doesn't take action to fix the problem, a property manager can start the eviction process.
Hire Professional Property Managers in St. George, Utah
Professional property managers in St. George aim to make your property better. In addition to maintenance coordination, tenant screening, and lease enforcement, property managers can take on all day-to-day operations.
PMI St. George is a full-service property management company run by LeAnn Walters. With 19 years in the real estate industry, she knows what it takes to increase rental income and make rental investments a success.
Contact us at PMI St. George today to start reaping the benefits of professional property management services.