One of the biggest mistakes that a landlord in Peterborough can make is overlooking the benefits of a property management company. Many new landlords will decide that they can manage the property themselves and save money by doing so. However, the extra stresses and workload can often outweigh the small extra cost of using a property management company.
In this blog post we share just some of the key factors that will help you choose if you should use a property management company in Peterborough to look after you, your tenants, and your rented properties.
- Point Of Contact
Tenants need to be able to contact someone 24 hours a day, 7 days a week. They might never contact you, or you may have tenants that contact you all the time. When you have a property management company, they become the point of contact for you and your tenants. If any issues or complaints arise, the property management company will deal with them for you. You will then be let known by email so you’re always aware of what is going on.
- Lower Tenant Turnover
Your property management company will be able to offer services quickly and effectively. This will make your tenants feel valued and in turn there will be a slimmer chance of a high tenant turnover. If rent increases need to be made, tenants will be more willing to accept these as they will believe they are in good and safe hands of a responsive landlord that cares about them.
- Fewer Legal Issues
It is true that some tenants can create many legal issues. These can result in a huge loss of time and money for landlords. However, property management companies can help you avoid these legal issues. They are up to date on regulations and the latest laws. They will also reference check tenants before moving them into your property. This way landlords can leave any their legal worries in the safe hands of the professionals.
- Rent On Time
When a property management company takes over your property, it means that the pressure of collecting rent is taken off you. If you have difficult tenants or struggling tenants, it can become stressful collecting their rent. However, your property management company can manage that for you. They will have the power and the knowledge to enforce lease policies and take the appropriate steps if required.
If you’re looking for a property management company in Peterborough to look after your rented properties, call our team now.
