You are a busy person and do not have the time to follow up on your investment properties constantly. Las Vegas is a busy place, and you do not have to do it all on your own. Instead, seek out a property management company and take the work off your shoulders so that you can keep moving forward with your business. After all, your time is precious and the more you have to invest in other areas, the more profitable you will be all round.
How it Saves Time
Finding tenants takes a lot of time. Placing ads in the paper, on websites, or even on billboards, can take a lot of energy. First off, you do not even know if your ads are getting noticed or if they are in the right places. For example, did you know that over 90% of future tenants are looking for their new rental on the Internet? How many sites can you post to on the Internet for your rental properties? Do you have access to hundreds of websites to get your property out there? If not, then you are not reaching the number of people that a property management company can, and you are simply losing out. With so many people using the Internet for a wide range of things today, it only makes sense to find a company that knows how to reach those people looking for a rental property.
Getting the Right Tenants
That was only the first step of the process. Now you have some possible tenants, but you have to decide which one gets the keys. You can interview them and trust your feelings on which is the best, but how do you know they are really right or that they are even being honest with you? What if you put one of them in your rental and suddenly no rent is paid or the place is destroyed? Property management companies will take care of this by doing a screening process and checking credit and criminal histories, interviewing not only the new tenant but their previous landlords to find out if there is a history of slow pay or eviction. In other words, they handle all of the hard stuff for you, saving you time to take care of your business.
Even after all of this is handled, what if there are emergencies that need to be handled for the tenants? Would it not be terrific if someone else handled all of the calls for you, so you are not awoken at 2AM with a tenant that has some kind of problem? A good property management company will have a 24/7 phone line available just for these situations so you can get peace of mind.
