Landlord Rescue: 4 Signs It's Time to Partner with a Property Manager

Landlord Rescue: 4 Signs It's Time to Partner with a Property Manager

Becoming a landlord can feel like more trouble than it's worth. Many new landlords face these classic challenges that keep them from success. Excessive landlord stress could even take a toll on your mental and physical health.

Consider calling for a landlord rescue if the below challenges sound familiar. Partnering with a property management company can reduce stress and maximize profitability. Read on to discover the signs it's time to ask for help!

Landlord Stress

Stress can affect our mental and physical health, impeding our ability to work. Over 75% of American adults report symptoms of stress. Another 80% experience stress on the job.

Excessive stress can cause:

  • Tense muscles
  • Stomachaches
  • Pounding heart
  • High blood pressure
  • Increased risk of heart attack
  • Rapid breathing
  • Heartburn
  • Headaches
  • Increased depression and anxiety
  • Weakened immunity
  • Insomnia

If these symptoms sound familiar, call a property management company. They can help you discover easier ways to operate. For example, they can use state-of-the-art technology to automate processes.

Relying on an experienced property manager will take some of the workload off your shoulders. You'll have peace of mind that an expert is maintaining your beautiful investment properties.

A High Vacancy Rate

The rental vacancy rate in America is now over 6%. If your investment properties are empty, call a property manager. They'll develop a real estate marketing strategy to help you reach new tenants.

A thorough strategy can include:

  • Cleaning and staging the property
  • Optimizing your online listings
  • Hiring a professional photographer
  • Search engine optimization
  • Paid advertising
  • Social media marketing

Using multiple strategies can direct more people to your online listings. Optimizing your listings can lead to more applications.

Look for a company that can help you retain tenants. Generating lease renewals will improve your occupancy rate.

Bad Tenants

Some landlords rush to fill vacant properties, only to end up with bad tenants. A property management company can screen tenants for you. Comprehensive tenant screening services include:

  • Credit checks
  • Employment verification
  • References
  • Eviction histories
  • Rental histories

You can make an informed decision before selecting tenants. Selecting great tenants can help you retain tenants you trust.

Low Rental Income

You could limit your earning potential if you set low rates. If you're worried about low rental income, hire a property manager.

They'll complete a rental valuation and compare your property to others in the area. They can set competitive rates that increase your revenue and attract renters.

Delayed Property Maintenance

Neglecting property maintenance will cause your investment property to crumble. You may struggle to attract renters or meet habitability standards.

Your property manager can schedule property inspections and maintenance. They'll keep your property in good shape.

Call a Property Manager for a Landlord Rescue

Don't let landlord stress affect your health or quality of life. If these problems sound familiar, request a landlord rescue. An experienced property management company can ensure your success.

Blue Ribbon Property Management is College Station's premier property management company. We can maximize your rental's potential with flexible services.

We have 700 homes in our management portfolio and 32 years of experience. Contact us today to request a rescue!