Get More From Tacoma Real Estate Investments With a Property Manager

So you've accomplished your goal of investing in real estate. Perhaps you turned your first home into a rental property after moving on to your next house. Or, maybe it was a fixer-upper that you put a lot of time and effort into improving, then found tenants to start paying rent. Still, other investors buy a multiunit property such as a duplex, triplex, or fourplex, to have even more rental income coming in from multiple tenants.

Whichever situation you're in, managing your property or properties can certainly be time-consuming—especially when you factor in the time spent collecting rent, conducting inspections, completing repairs, and performing seasonal maintenance. When real estate investors are ready to get more from their rental properties, it's time to consider hiring professional property management services!

Hiring a reliable Tacoma property management company can free your time up in several ways. Here are a few ways a professional property manager can save you time and help you generate more income!

Professional Property Managers Collect Rent Payments

Whether you own one or numerous income properties, collecting rent is critical for maintaining cash flow. Depending on how you allow renters to pay every month, rent collection could involve picking up checks, waiting on the mail to deliver rental payments, or using an online system. 

With a company that delivers professional property management services, you no longer have to use your own time and resources every month to get the rent in on time! Instead, the right property managers make efficient work of collecting rent every month. 

Property Managers Coordinate Move-In and Move-Out

When you manage your own properties, you are responsible for every aspect of a vacant property. From marketing the property to conducting inspections and the make-ready process before new tenants move in, a property owner has a lot of work to keep properties rented and profitable. 

If you’ve struggled with long vacancy times or a series of bad tenants, a property manager can help! Rental management experts have the right experience to market vacant rental units, show the property to prospective tenants, review rental applications, run tenant screenings, and place the best residents for your rental properties. 

Property managers also conduct move-in walk-throughs and help renters with the move-in and move-out process. Going through a move-out inspection with the tenant helps property owners keep track of damage and process the security deposit. Then, before a new renter can move in, property management experts can clean and prepare the unit for new tenants, including making repairs, replacing flooring (if needed), and making sure every aspect of the home works well.

Your Property Manager Handles Repairs and Maintenance

If you've been doing repairs, remodeling, and or routine maintenance by yourself, you know it’s a lot to keep up with! However, a professional property manager has a professional maintenance staff and a network of reliable contractors to cover all repair and maintenance needs. 

In addition, responding promptly to a maintenance request can be challenging without the right resources. Property managers are available 24/7 to respond to tenant emergencies and coordinate repairs right away. They also conduct year-round seasonal maintenance tasks to keep rental units in excellent condition!

A Property Management Company Can Help Find More Investment Properties For Your Portfolio

If you’ve enjoyed the returns for one or two properties, adding more rentals to your real estate portfolio is easier with a property management company! They may have connections to new income properties and market insights to help you identify new properties that can generate the returns you need. 

You may be able to get a great deal if you work with a reliable real estate agent. Still, an experienced property manager approaches the research and purchasing process from an investment perspective. When it’s time to take your portfolio to the next level, the property management group that manages your current properties is the best resource to help you find your next investment property! 

Choose Your Property Manager Wisely

When choosing who to hire as your property manager, make sure they manage similar residential properties like the units you own and rent to tenants. Finding a property management company that’s the ideal fit for your portfolio and income goals can take some time, but it’s worth it! 

Your property manager should have the time, experience, and resources to handle all of your properties and their specific needs—now and in the future as you grow your portfolio. 

Take Your Real Estate Investments to the Next Level With a Tacoma Property Manager

Most successful real estate investors understand the value of partnering with a property management company to grow their portfolios! If you’re ready to get more out of your current properties and add new investments, the right rental managers can help you achieve those goals. The Joseph Group offers full-service property management in the Tacoma area! Reach out soon to learn how our property management services can help take your real estate investments to the next level.