If you've spent any amount of time in the Hampton Roads area, you know the area has a lot to offer. It's more than beaches and natural beauty (although that definitely doesn't hurt!), it's the food, history, and the endless number of things to do.
Whatever your reason for falling in love with Hampton Roads, you're not alone. The area is one of Virginia's most populated regions. Naturally, that means a consistent demand for housing.
So it makes sense that if you have a Hampton Roads property, you may be wondering what's the best way to rent it out.
That's where a full service property management company can help you.
Why should you choose a property management company instead of managing the property yourself? Property management is more than rent collection; it offers a host of potential benefits.
Here's what a good property management company can do for you.
Tenant Management
Tenant management is essential to making the most out of any rental property. Most rental owners prefer long-term renters over short-term renters. Of course, you also want tenants who pay on time and don't destroy your property.
Good tenant screening can help. A property management company can conduct background checks to investigate an applicant's employment, credit, and criminal history. This can also help determine if there is a history of previous evictions.
While you could do this on your own, it takes time. Additionally, sites that do background checks charge fees for each background check. This could quickly add up if multiple applicants are involved.
Legal Issues
A good property management company will do more than tenant screening. They will handle legal issues, too, such as drafting the initial lease. This will detail exactly who will live there, when rent is due, what the penalties for late payment are, and so on.
In the event of an eviction, a property manager will understand the local laws and what is required to proceed with the eviction - if it is even legal to do so. Every state has its own laws, and eviction laws in Virginia must be followed.
Full Service Property Management Means Exactly That
Finally, full service property management means full service. All of the heavy lifting is done by them. From the day you hire them, they will have all the resources needed to market your place, position it to reliable renters, perform any repairs or maintenance, and handle any other issues that arise.
An experienced, professional team will help you lease your property with full confidence.
Choose Renters Warehouse for Your Hampton Road Property
At Renters Warehouse full service property management is our specialty. We manage your Hampton Roads property so you don't have to. Check out our rental analysis to get an idea of how much you could charge for your rental.
Got questions? Give us a call at (757) 996-5086. Let us be your one-stop solution for all of your rental property needs.
