Without proper management in place, rentals often suffer long vacancies, poor maintenance, high turnovers, all as landlords struggle to make tenants pay rent.
(PRWEB) September 16, 2013
How can landlords get the most out of their rental properties? This week North Pacific Property Management, a Seattle and Bellevue property management company released an article discussing the secret to successful renting. The post should be read by landlords who struggle with large numbers of vacancies, high turnover, or dissatisfied clients. The article clearly shows how effective property management can significantly boost a property’s performance.
The first part of the post talks about how property managers can help promote tenant satisfaction. Statistically, 80% of renters are happy with their property managers. Satisfaction is a key factor in turnover rates. A low turnover rate is important for a property’s profitability, because moving is costly to landlords. It can also take time to find new tenants. The reason tenants increase tenant satisfaction is because they keep properties clean and updated, giving the renter a positive overall experience.
Property managers can also help simplify a landlord’s duties by taking on some of the primary maintenance responsibilities. These include the marketing, rent collection, maintenance, and client interaction. Effective marketing can help landlords capitalize on their property’s strengths, even if they are located in regions where renting is low. Maintenance ensures that properties retain their curb appeal, as well as stay competitive with the latest features. Property management becomes especially important for a landlord renting out multiple properties at once, where these tasks could be especially stressful.
About North Pacific Property Management
North Pacific Property Management is a Seattle and Bellevue based company that manages everything from large apartment buildings to single properties. Their goals and processes work toward maximum efficiency, minimal vacancies, and the highest profitability. To learn request property management services, fill out their online application at: http://www.northpacificpropertymanagement.com/seattle-property-owners/submit-rental-property/.
North Pacific Property Management,
2212 Queen Anne Avenue North
Seattle, WA 98109