According to Census Bureau Data, there are 48.2 million individual rental units in the US. Individual investors like you own nearly 72% of these properties. That's a lot of competition!
Unfortunately, managing a Killeen, TX rental property alone can become tiresome and stressful. You may not recognize when to hire a property management company, but their help could prove invaluable.
Unsure if you need landlord rescue services? Read on to discover the signs it's time to request help from Killeen property experts!
Vacant Properties
Even one vacant rental property could cost you thousands in potential earnings every month. The US rental vacancy rate has increased to 6.6%. If your rentals are vacant, it's time to request property management services in Killeen.
Experienced property managers can:
- Upgrade the rental property
- Stage the property
- Optimize the online listing
- Leverage digital marketing
- Generate and review applications
Their professional services can help your online listing generate more visibility. Drawing more people to the listing can help you generate more applications. Once your tenant pool opens, you can select reliable renters you'll want to retain long-term.
Your property managers will improve your occupancy rate and show you how to charge higher rental rates. With their help, you can improve your ROI long-term.
Late Rent Payments
Late rent payments can cause you unnecessary landlord stress. If your renters continuously pay late, consider the benefits of landlord rescue services.
Your property managers will direct renters to an online tenant portal. From there, renters can:
- Pay manually
- Automate payments
- Send questions
- Review leasing documents
- Submit maintenance requests
Using an online portal will streamline tasks, increase transparency, and make it easier for you to communicate with tenants. The portal can even automatically charge late fees when renters fail to pay on time. You won't have to worry about the stress of requesting delinquent funds in person.
Maintenance Delays
Failing to complete maintenance tasks quickly may cause your investment properties to crumble. Renters will grow frustrated, which may encourage them to take legal action. If these situations sound familiar, call for landlord support services.
Your property managers will have professional connections with Killeen contractors. They'll hire reliable professionals at competitive rates. With their help, you can complete maintenance tasks in a timely manner, boosting tenant satisfaction rates.
No Tenant Management
Troublesome tenants can become an ongoing source of landlord stress. Your property managers can develop a thorough tenant screening process that includes:
- Credit checks
- Rental histories
- References
- Criminal background checks
- Eviction histories
Gathering this information can help you find reliable renters. You can retain these renters beyond one leasing cycle, improving your occupancy rate and earning potential.
Call for a Landlord Rescue in Killeen, TX
Do these stressful situations sound familiar? Don't hesitate to request a landlord rescue in Killeen, TX. Requesting help will allow you to operate efficiently in today's competitive market.
Our team at PMI Phantom Realty uses state-of-the-art technology that allows owners to track how their investments perform in real time. Trust our commitment to adding value to your rental through communication and accuracy. Contact us now for a free rental analysis.
