Being a landlord isn’t always an easy job. You may be responsible for dealing with difficult tenants, making repairs at inconvenient times, and collecting rent payments that are sometimes overdue. If you don’t have the experience, the knowledge, or the resources to manage these processes effectively, you could find yourself frustrated and making expensive mistakes.
You don’t have to do all of the leasing, managing, and maintenance on your own. In fact, you shouldn’t.
Instead, allow yourself to leverage the skill and the expertise of a professional Myrtle Beach property manager. Whether you’re renting out a home in Conway, Socastee, Surfside Beach, Murrells Inlet, or the surrounding areas, leaving the care of your investment in the hands of experienced professionals will deliver a better – and more profitable – rental experience.
Here are some of the services a property manager can offer you, whether you’re renting out a single home or an entire portfolio of properties.
Leasing: Marketing and Tenant Screening in Murrells Inlet
Leasing can be a huge headache for landlords who are not sure how to approach a changing rental market in the Myrtle Beach area. Rents have been rising over the last couple of years, and there’s a large population of prospective tenants looking for well-maintained rental homes in the area. How do you reach them, and what should you be charging?
A property manager will have a strategic marketing plan in place. You can expect your management partner to:
- Price your property accurately.
- Take professional-level marketing photos.
- Write a listing that gets the attention of prospective renters.
- Show the property when people are interested in seeing it.
The marketing and leasing process takes time. Your property manager will make sure it moves along smoothly.
As tenants begin to express interest, applications will be collected. One of the most important services a property manager offers is tenant screening. Finding the right tenants can make or break the success of your rental property. A property manager can utilize their expertise to conduct thorough background checks, verify employment and income, and even conduct interviews with current and former landlords to ensure that your property will be occupied by trustworthy and reliable tenants.
As soon as a tenant is selected and approved, your property manager will draft a lease agreement. The right lease is important; it must be legally compliant and enforceable in the state of South Carolina.
Conway Property Management: Lease Enforcement and Rent Collection
Rent collection is an essential part of being a landlord, and failing to collect rent on time can lead to financial troubles. A property manager can take care of rent collection for you and make sure that all payments are made on time. In case of late payments or delinquent tenants, a property manager can take the necessary legal action on your behalf.
There are fewer late or missing payments when you work with a management company. That’s because there’s a rent collection policy and, typically, an online payment system which is automated and convenient for tenants.
In addition to collecting rent, your property management services will include lease enforcement, periodic inspections, and the entirety of the tenant relationship. All communication will come from your property manager, and you won’t have to manage phone calls or complaints from your residents. A good property manager will also have a plan in place for tenant retention, which saves you money on vacancy and turnover.
Expect your property manager to understand all the laws and requirements at the state, local, and federal level. You’ll remain in compliance when it comes to fair housing, security deposits, eviction, and habitability standards.
Maintenance and Repairs and Myrtle Beach Property Management
As a landlord, you are responsible for keeping your property in good condition. Hiring a property manager can take that burden from you. A property manager can handle all maintenance and repairs, including emergency repairs. They can also liaise with vendors, such as cleaners and repairmen, to ensure that all work is done efficiently and effectively.
A service that not all property managers provide is in-house maintenance. It’s important to have relationships with local vendors, but when your management team can maintain control over the repairs that are done at your property, you’re likely to save money and do a better job of protecting the condition and value of your investment.
Working with our in-house maintenance team helps us to respond faster and more affordably to emergency, routine, and preventative maintenance issues.
Property Managers as Investment Partners
As you can see, the services provided by a property manager are valuable and necessary.
However, you really want to work with a management company that does more than provide leasing, management, and maintenance services. You’re also looking for support and leadership when it comes to your investment goals.
The best management partner will keep you informed about what’s going on in the market. They’ll talk to you about shifting rental values. They’ll make recommendations on improvements and updates that might help you earn money. It’s the kind of valuable advice that will really help you have a profitable and pleasant investment experience.
Hiring a property manager can provide significant benefits to landlords, such as tenant screening, rent collection, maintenance and repairs, marketing, and legal compliance. By delegating these tasks to a property manager, landlords can focus on their serious priorities, save time, money, and energy, and ensure that their rental property is managed efficiently and effectively.
All property managers are a bit different. Choose one who understands and supports your investment goals and has a clear record of helping investors and landlords like you succeed.
If you’d like to talk more about the unique services that we provide, we’d be happy to discuss what we do and how we do it differently. Our owners benefit from our personalized customer service, our in-house maintenance team, and our commitment to protecting investments.
Please contact us at J & P Unlimited. We manage investment properties in Myrtle Beach, Conway, Surfside Beach, Murrells Inlet, Socastee and the surrounding areas.