About 57% of Americans say stress causes them to feel paralyzed. In fact, 63% are ready to quit their job due to work-related stress. If your landlord duties are causing you stress, don't give up!
Instead, rely on an experienced property management company. With their help, you can succeed in Akron's real estate market.
Not convinced you need property management services? Read on to discover the signs it's time to request help!
Distance
If you don't live in Akron but own investment properties, visiting your properties can become time-consuming and costly. You'll need to pay for gas, a hotel, and other travel expenses to oversee projects. Instead of wasting time, money, and energy, hire a property management company.
An experienced property manager can take care of your Akron properties on your behalf. Their regular updates can give you peace of mind.
Landlord Duties Are Stressful
Being a landlord is a 24/7 job. You'll need to remain available in case there's an emergency. Your other duties may include:
- Applicant screening
- Compliance and legal issues
- Rent collection
- Assessing late fees/sending notices
- Maintenance coordination
- Property inspections
- Marketing and leasing units
- Addressing tenant complaints
- Taxes
These landlord duties can pile up fast while causing additional stress. Excessive stress could increase your risk of stroke, heart attack, and other conditions.
Consult a property management company before your health deteriorates. Your property managers can handle these tasks while allowing you to focus on your business and health. Outsourcing could improve your quality of life.
You've Neglected Maintenance
As a landlord, you're responsible for providing renters with a habitable place to live. Otherwise, they may decide to take legal action. If you're struggling to complete maintenance tasks, hire a property manager.
Otherwise, your properties will continue to deteriorate. You may need to pay for more expensive repairs.
Your tenants could grow frustrated if you neglect to meet their needs. When it's time to renew, they'll leave, causing your vacancy rate to increase.
Tenant Screening Issues
If your vacancy rate is high, you may feel desperate to find renters. Unfortunately, you can't trust everyone. Neglecting tenant screening could leave you with unreliable renters who:
- Upset neighbors
- Cause property damage
- Don't pay rent on time
Your property management company can offer tenant screening services. They'll help you find tenants you can trust with your investment properties.
High Vacancy Rates
Struggling to compete in a saturated market? As your vacancy rate rises, you'll lose an opportunity to generate revenue.
The best property management company can market your vacant listings. They'll help you gain more online visibility, leading to more applications.
Request Akron Landlord Rescue Services
Do these stressful situations sound familiar? Don't try to tackle them all alone. Instead, rely on professional landlord rescue services.
Your property managers can handle these landlord duties on your behalf. With their help, you can boost your occupancy rate and ROI.
PMI Cuyahoga Valley RAL has 20 years of experience helping landlords maximize their profits. We use state-of-the-art technology and award-winning strategies to help clients. Contact us now to request landlord rescue services.
