Why hire a property manager for your investment property

Owning a rental property can be a great investment, generating steady income. However, rental properties only work out for landlords when they have good tenants. Why hire a property manager for your Prescott investment property? Far West Realty is here to answer that question!

As was previously stated, good rental property experiences require good tenants. Good tenants do two things:

  • Pay their rent on time
  • Keep their rental units clean and in good shape

Problem tenants are quite common, making owning and managing a rental property difficult, or even a nightmare. Employing a professional property management company provides many benefits that can save landlords both time and money. Here are a few of the benefits:

  • A good property management firm will handle all tenant screening activities. A good management company will perform the entire screening process, including criminal background and credit checks so that the property is rented to tenants that pay on time and take care of their properties.
  • A good property management firm will handle all of the legal aspects of dealing with tenants and maintaining a property. This will include rent collection, handling evictions in accordance with due process of law, property inspections, lease negotiations and lease terminations.
  • On-time rent collection is the only means by which a landlord can receive reliable income. Sadly, landlords do not always control the rent collection process the way they should. They accept excuses from tenants and allow tenants to pay late. That’s why it is great to have a third party involved. Let the property manager control this entire process! This way a landlord does not need to deal directly with tenants.

At Far West Realty, we understand that hiring a property manager for your Prescott rental property can save you time and challenges, and help make your investment profitable. To schedule an appointment to learn more about how our property management services can benefit you, call Far West Realty today at 928-772-9400.