Did you know that since 1974, the amount rental properties in the U.S. has increased? These soaring numbers are a reflection of the need for flexible housing.
Unfortunately, because of the never-ending demand, many landlords are finding themselves in financial and even legal battles. Thankfully, landlord rescue companies are willing to do the grunt work.
Keep reading to learn about the signs that you may need landlord rescue!
1. Trouble Finding Tenants
Tenants are an integral part of your business. Without tenants, you have no cash flow. If you're having trouble finding tenants, consider applying for property management services.
These services can help with marketing and tenant acquisition. Therefore, you'll have a better influx of potential revenue sources.
2. Managerial and Bookkeeping Issues
A rental property requires a lot of paperwork for payments and application forms. It's no secret that it can become hard to manage these aspects of the business.
Luckily, your rental property doesn't have to suffer. When you have a property management service, these problems can be erased.
In fact, you won't have to worry about any paperwork. Landlord rescue companies use state of the art technology. This technology allows landlords to run background checks and store tenant information.
Not only that, but your tenants will benefit too since they will have a safer and faster way to communicate with you.
3. Issues With Tenant Screening
Tenant screening is important for keeping your property safe. Not only that, but it can protect you from financial ruin. Unfortunately, tenant screening does require a lot of steps and information.
This process can become daunting, and some landlords may skip this step. Luckily, property management services do include tenant screening. This way, you can be confident about your tenant-to-landlord relationship.
If you're not investing in this feature, do you really know who is living in your property?
4. Trouble With Property Upkeep
Your property has to be in livable conditions to avoid lawsuits and low tenant rates. Some landlords start having issues with this aspect because of bad communication systems. You need to be able to communicate with your tenants in a timely and appropriate manner.
Luckily, landlord rescue companies have online maintenance request formats. This way, you will have a healthy form of communication for all maintenance requests.
5. Low Rental Income
If your main income comes from rental properties, consider hiring a company like PMI. All aspects of your property must be well managed.
If you don't have these services, you may start to experience lower rental income. These financial issues can be hard to come to terms with. However, PMI can help reverse these issues and get your property back on track.
Get Landlord Rescue Before It's Too Late
Now that you know the signs, it's time to stop ignoring them. Get your rental property the help it deserves!
PMI is here to help. We have over 20 years of experience. So, say goodbye to tenant screening, applications, and payment processing! PMI offers support for all rental-related services at an unbeatable price.
Landlord rescue is only a few clicks away. Contact us today to schedule a consult.
