Are you still managing your Schaumburg, IL rental properties alone? The property management industry has increased by over 2% in recent years. More property owners are outsourcing to save time, money, and energy.
Not sure if you need full-service property management? Read on to discover the benefits of these services before making your choice!
What Is Full-Service Property Management?
Full-service property management is a comprehensive service. It covers everything involved with rental property ownership. Common types of property management include:
- Property marketing
- Rent collection
- Tenant screening
- Inspections and maintenance
- Tenant relations
- Legal compliance
Your proper manager will remain available 24/7 to respond to maintenance requests or tenant inquiries. They can handle minor repairs, full-scale renovations, and more on your behalf. With the best property management in Schaumburg, you can thrive in the current real estate market.
The Benefits
Managing a rental property alone can become time-consuming and stressful. You'll have to worry about your finances, frustrated renters, and the property. Here are a few benefits you'll experience if you hire a property manager.
Property Marketing
Your investment properties will remain vacant if you're not marketing available units online. An experienced property manager can develop a multifaceted marketing strategy. This includes:
- Updating the online listing
- Search engine optimization
- Paid advertising
- Social media marketing
- Video marketing
- Email marketing
Reaching local renters at multiple touchpoints will ensure they become aware of your properties. You'll begin generating more applications. With help, you can reduce vacancies to generate more rental income.
Tenant Screening
Many landlords rush through the process of screening applications. Some reports are full of inaccurate information. Unfortunately, this could lead to renters who:
- Upset neighbors
- Pay rent late
- Cause property damage
- Ignore your rules
Your property manager can screen applicants on your behalf. They'll ensure you find reliable renters.
With the best property management in Schaumburg, you can start retaining tenants. Keeping great tenants long-term will save you time and money. You won't have to market vacant listings or pay for more tenant screening reports.
Fewer Legal Problems
Ignoring new local, federal, and state housing laws could lead to legal trouble. These laws cover:
- Safety
- Rent collection
- Terminating leases
- Tenant screening
- Unit inspections
- Property conditions
Your property manager will keep up with new laws and regulations on your behalf. They'll ensure you don't encounter legal issues. Remaining compliant will help you avoid lawsuits and fines.
Better Tenant Relations
The best property manager will communicate with renters for you. Keeping renters happy can lead to more lease renewals. Your occupancy rate and earning potential will increase.
Choose a company that uses an online tenant portal. Communicating online will save time and minimize disputes.
Request Schaumburg Full-Service Property Management
You don't have to manage your Schaumburg property alone. Instead, invest in full-service property management. With help, you can thrive, even in a competitive real estate market.
PMI Chi-Town has 20 years of industry experience helping property owners maximize their earning potential. We use award-winning strategies and state-of-the-art technology to ensure each client's success. Contact us today to request our property management services.
