Being a landlord in the U.S. can be rewarding; data from ZipRecruiter.com shows they earn an average annual salary of $87,280. The highest earners (top 4%) generate as much as $151,000!
Although potentially lucrative, being a landlord can also be challenging, given all the responsibilities of running and managing rentals. So, whether you're a rental property owner in Birmingham, AL, Jacksonville, FL, or Greensboro, NC, it's crucial to know when to enlist professional landlord rescue services.
In this guide, the rental property management experts at HomeRiver Group will share insights on when to seek help from the pros, so please read on.
Signs Indicating It's Time for Landlord Rescue Services
Here are some of the most telling signs it's time to seek and outsource real estate management services:
- You have multiple properties and can't keep up with maintenance
- You struggle to find reliable tenants
- Your vacancy rates are higher than expected, impacting your income
- You have difficulty handling tenant conflicts or complaints
- Your city has strict rental regulations you're not familiar with
- You no longer have time for yourself or personal relationships
- You simply want to earn like a landlord without the stress
Early recognition of those signs can help prevent further headaches down the line. The sooner you act, the better you can manage the situation. Finding yourself stressed about your rental indicates you could benefit from the expertise a property management team offers.
How a Property Manager Benefits You
Managing a rental property is no small feat; knowing and adhering to countless laws can already be challenging. Aside from local and state regulations, you must comply with federal fair housing laws and understand what landlords can't do. Don't forget you have many other tasks, from marketing your property to collecting rent.
If you hire a property management company, you can say goodbye to all that stress. You can access the following benefits by choosing a highly reliable full-service property management firm.
Expertise in Tenant Screening
Property management companies use advanced tools and extensive networks for tenant screening and background checks. They'll use these to find you reliable, trustworthy tenants.
Efficient Property Maintenance
Managers handle all aspects of your property's maintenance. They'll ensure quick responses and resolutions to property issues, helping maintain its value.
Legal Compliance
Managers stay up-to-date on local laws and regulations regarding rentals. By doing this on your behalf, they can help you avoid costly legal issues.
Better Marketing
An experienced management company uses state-of-the-art technology designed explicitly for marketing properties. They combine this with their local knowledge to:
- Maximize your property's exposure
- Attract tenants
- Reduce vacancy times
Ready for a Change?
If you feel overwhelmed by your duties as a rental property owner, our full-service property management firm, HomeRiver Group, will happily provide landlord rescue services. Established in 2016, our national company comprises best-in-class local operators with extensive experience in real estate, property management, renovation, leasing, and disposition.
Let the experts at HomeRiver Group minimize your stress while maximizing your rental income. With offices serving 60 markets nationwide, we're your trustworthy partner whether you're a landlord in Alabama, California, Florida, North Carolina, or Ohio.
Get in touch today so we can start with your complimentary rental analysis!
