property management SalinasMany people who own rental homes assume that they can handle their property management themselves. This is sometimes true; however, there are many benefits to hiring a professional business such as Coast & Valley Properties. Here are the top seven things that professional property managers have to offer.

1. Better screening for tenants.

Professional property managers have the resources and the experience to screen tenants. This leads to higher quality tenants who stay on the property longer, pay rent more reliably, and create less damage.

2. Fewer legal worries.

Do you know every federal, state, and local law that applies to your home and your tenants? Most home owners don’t! However, property management professionals have made rental management our career. It’s our job to make sure every I is dotted and every legal footnote followed to the letter. Not knowing the laws inside and out can leave you wide open for costly lawsuits and other legal issues. Just one lawsuit will cost more than decades of property management fees.

3. Less vacancy.

A professional property manager knows how to get a home rented and keep it rented as long as possible. From determining a fair price to charge to blanketing local publications with ads, there are many ways that the pros can keep your home occupied and those rental checks coming in. Potential tenants often seek out large property management companies in their area rather than looking in classified ads or on Craigslist.

4. Distance between tenant and owner.

Managing tenants sometimes means making hard decisions—whether to accept late rent without a fee, for example. Dishonest people try to take advantage of property owners in a variety of ways. Some will play on your natural sympathy and concern for others. A property management company has the benefit of being viewed and treated as a professional entity. That means fewer excuses and more rent paid on time.

5. Better—and cheaper!—maintenance of your property.

It’s easy to forget about the details of home maintenance when you don’t live in the home. A property manager makes it their job to take care of the little touch ups that prevent larger problems in the long run. In addition, property managers usually get significant discounts from contractors and maintenance workers because of the volume of services that they use.

6. Protection from scams.

There are many rental scams that take advantage of inexperienced property owners. In addition, some people will pretend to be a rental applicant only to sue for discrimination when rejected for legitimate reasons. Property management companies have a consistent application process that has been approved by lawyers, thus weeding out people who want to make a buck off of an inexperienced landlord.

7. No dealing with evictions.

Evictions can be a long and frustrating process. A professional property manager knows how to screen for people who are likely to need an eviction. If one ‘professional tenant’ falls through the cracks, professionals also know how to get them safely and legally removed from the home as quickly and painlessly as possible.

8. More tax write-offs.

It can be difficult to organize all of a rental home’s expenses when tax time rolls around. Because of this, many homeowners miss out on some deductions. In addition, property management fees themselves are deductible. Having a professional property manager means more deductions and a lower tax bill.

In short, a professional property manager will make your life easier and even save you money in the long run! There is no reason to take on a complicated rental market alone.

Coast & Valley Properties Inc proudly serves the Salinas, Monterey County area. If you’d like to know more about our services, please don’t hesitate to call our office at 831-757-1270, or fill out our contact form. We look forward to hearing from you!