Many people who own multiple homes or apartment buildings may like the idea of converting their spare property into income-generating rental properties. However, being a landlord isn’t as easy as you think. On top of the responsibilities you have for your tenants, there’s the issue of finding potential tenants, handling repairs and maintenance on the property, and – in worst cases – dealing with bad tenants and eviction notices.
But with Zothex’s property management services, you don’t have to deal with any of these responsibilities. You keep the titles and the income-generating properties, while our team can handle the role of your property manager.
Property managers are third-party contractors responsible for the upkeep, operations, rent payments, and all other landlord responsibilities. Their main role is to manage the value of the property, cater to potential and existing tenants, and generate income for the owner of the property. Some of the responsibilities of a property manager include:
While our team assumes most of the roles and responsibilities of a landlord, your property still belongs to you. In exchange, we charge a fee based on the rent generated by the property.
As your property manager, we’ll keep your property in its best condition. We’ll handle all interactions with the tenants, as well as the repairs and maintenance that are required by laws that establish a landlord’s responsibility. Some of the benefits you can get from hiring our contractors to act as property managers include:
Unless you have plenty of free time, it can be difficult trying to make time for your landlord duties outside of your own everyday schedule. Aside from handling repairs and maintenance as required by your tenant, there’s also finding tenants which can be a long process if you want to screen applications.
This includes avoiding those with a bad record of late payments and damage to their rented properties, as well as dealing with complaints and potentially having to deal with uncooperative tenants and beginning the eviction process.
For most people with full-time jobs and a family of their own, it can be difficult to balance your landlord duties without making some sacrifices to free up time. But with a property manager, you can have someone to assume the responsibilities full-time. All you have to do is wait for your property to generate income.
When your properties are vacant, you aren’t generating income from your property. However, listing your rental, communicating with potential tenants, showing them the property, and answering any questions can be very time-consuming to do on your own. Our services can find tenants for you and minimize the time between tenants occupying the property.
Retain Tenants Through Faster Repair Response Time
It’s much easier to retain tenants than to find new ones, so maximizing your income means giving your tenants fewer reasons to want to move out. When you have a full-time property manager, you have a team that can provide faster response times for necessary repairs and maintenance. This can improve tenant satisfaction and give them a reason to continue living on the property.
When you need to upgrade, repair, or improve any part of your home, there's only one team to call that can do it all: Zothex. Our team of pro home contractors has been helping people get the most out of their homes for years. Make your home the ultimate place to be for you and your family by calling us at Zothex today.