If you could only hire a property manager to help you with one part of your property, what would it be?
One of the best choices is tenant placement. Finding responsible applicants to fill vacancies is arguably the most important but difficult part of any landlord's journey.
A full-service manager can help you with much more, but it's a great place to start. Your property and your bottom line will thank you.
Read on for three important things to know about tenant placement in Greenville, NC.
1. It Protects You From Property Damage
One of a landlord's worst nightmares is discovering that their unit looks like a pigsty with cracked walls and sparking appliances.
Outsourcing the tenant screening process is one of the best ways to protect your investment. It uses various methods such as:
- Background checks
- Interviews
- References
Passing these tests is like getting a stamp of approval from the tenant placement service. It shows that the tenant is more likely to be responsible and take care of the property.
Having a professional vet them for you takes the burden off your shoulders. It saves you time, reduces wear and tear, and lowers your repair costs.
2. You'll Have Fewer Evictions and Legal Issues
All you want to do when you have a problematic tenant is to get them out of your property as soon as possible, but the eviction process is long and costly. It requires piles of paperwork and a drawn-out court battle.
Tenant placement is a proactive way to help you avoid it. Screening makes sure they're responsible and financially stable enough that you don't have to get the courts involved.
There are also other laws about tenant placement in Greenville. They include state laws and federal statutes such as the Fair Housing Act.
Tenant placement helps you navigate these murky waters. It includes legal expertise that helps you stay compliant and avoid legal penalties.
3. It Means More Rental Income
Placement starts by attracting tenants to your property. They'll create professional listings that show off its best features. They'll also set fair rental rates based on the market for real estate in Greenville.
They can also help you keep your best tenants. Most only stay for one or two years. Maintaining the property, creating positive relationships, and encouraging lease renewals can convince them to stay longer.
These are two of the most important benefits of Greenville tenant placement. They combine to create fewer vacancies which translates to more rental income for you.
Where Can I Get Tenant Placement?
Tenants are a landlord's bread and butter, and tenant placement is one of the best property management services you can get. It helps you find the best possible tenants to fill vacancies while avoiding damage or legal issues.
Flagship Property Management is a licensed full-service property management company. We've served the Pitt, Wayne, Green, Craven, and Carteret counties since 2007.
Our combination of real estate and customer service knowledge allows us to provide a premium experience for clients. Contact us to see how our property management services can maximize your investment today.
