There are many benefits to using a professional property management company versus self-managing when you have an investment home. Owning a rental property can be a rewarding financial investment. But without good management, even the best investments can become challenging, and lack financial gain.
Professional Pittsburgh Property Management: Finding and Placing Tenants
One of the biggest challenges for landlords is finding qualified tenants. A reputable property management company will have a detailed and consistent tenant screening process in place. This can include a credit check, a criminal background check, and employment verifications. The tenant screening process is important because it can help you avoid payment issues and establish good relationships with stable, long term tenants. As a self-managing landlord, you won’t have access to the screening tools and resources that property management experts can use.
Professional Pittsburgh Property Management: Collecting Rent
What happens if a tenant fails to make a rental payment?
Property management companies understand the legal timeline involved in the eviction process. Initially, your property manager will establish a payment plan with your tenant if rent is late. If that payment plan is not followed, your manager will then follow the eviction process.
A well-established screening and collection process will help professional property managers maximize your return on investment. These are just two important ways you can benefit from professional management.