Real estate experts will tell you that property is the ultimate way to earn passive income.
However, it doesn't feel so passive when you field calls from tenants, figure out how to list your property online, and call local contractors to get quotes for some maintenance work.
Property managers in Austin are there to do everything on your behalf, such as rent collection and owner disbursements. Read on to learn more.
Rent Collection
A property manager makes rent collection hassle-free. Management teams will have a streamlined payment system for collecting money from tenants. So you won't need to worry about your income.
Property managers can set reminders, track late payments, and impose fees if required. It minimizes any disruption, meaning you can rely on a cash flow from your property without involvement in the admin.
Owner Disbursements
Owner disbursements are the financial returns you get from your property. This money includes all rent collected and any tax, fees, and maintenance deducted.
A property manager can handle this for you so that you don't have to worry about the money side of things. You can see a steady monthly income but leave the budgeting and finance to someone else.
They Can Oversee Your Maintenance
A significant demand on your time as a landlord will be maintenance requests.
You'll need to record new requests, arrange for the right contractor, keep the tenant updated, and schedule everything on a calendar. The same goes for any inspections you need on appliances like your HVAC system.
A property manager can oversee this for you. They can manage every aspect of your property maintenance, so you don't need to get involved.
Tenant Screening
Tenant screening is essential. It's the best way to ensure you get someone trustworthy in your property who pays on time and keeps your rental in excellent condition.
A property manager has the suitable systems and tools for a swift but comprehensive screening process. It means you don't need to worry about the quality of tenants entering your properties.
Property Marketing
Effective marketing can secure more viewings for your rental property and shorten the timeframe between listing and finding a new tenant.
That's critical because the longer your property stays vacant, the more you miss out on rental income.
A property manager can price your rental, compile an excellent presentation for your online listing, and use all the right marketing tools and techniques.
Tenant Management and Evictions
If you have a problem with your tenant, like unpaid rent or property damage, you need to step in and handle the situation. A property manager can do this for you. They understand the legal framework and ensure they pursue a legal, fair, but firm eviction on your behalf.
Getting the Right Support for Your Property Management
A property manager can oversee important tasks like owner disbursements. Most importantly, their efficient approach to property management can make real estate ownership stress-free.
Take the first step to professional property management now by getting in touch with our team. Monte Davis Property Management Service LLC has experienced property experts in Austin to provide the support you need.
