Experienced investors who gave rental property management a try would tell you that it’s a full-time job. Paying for property management services is better than self-managing your rental property if you are not ready for a day job or already have one. If you have your hands full, hiring a property manager to take care of tenant screening, showing, lease agreement and renewal, rent collection, and eviction is the best route to take.
What is a property manager?
A property manager can refer to an individual or a company that handles the many aspects of rental property management. The property manager provides a wide range of services, from property listing and marketing to coordinating with a legal team regarding eviction. In return, rental property owners pay a certain amount or a percentage of the monthly rent for all of the property management services.
The offerings of property management companies vary. Some companies offer a set of services and an option to get standalone services. Most of them take a percentage of the monthly rent and other fees for their services. At MYND, we made property management affordable through our flat fee. A year of property management with placement would cost only $1,659. It’s more affordable than the usual percentage payment structure in which a year of property management services for a property leased for $1,200 monthly would cost approximately $2,500.
What are the available property management services?
When you choose MYND, you can rest assured that your rental property will be managed by someone with several years of experience in the industry and up-to-date knowledge on rental laws and policies. Our team can give advice on various aspects including the right amount of rent and handle the nitty-gritty of rental property management.
Property inspection and maintenance, rent collection, lease renewal, eviction, and application processing make up a big chunk of our services. When done individually or inefficiently, these services will require a lot of time and effort so our team developed an efficient process to manage your property effectively and help you succeed. We also utilize technology that assists us with decision-making. Most importantly, we hire the most experienced and knowledgeable people in the rental industry to make sure that we give you the highest quality of property management services. You can rest assured that we understand the rental housing laws and regulations.
We also put a premium on tenant screening. By choosing good tenants for your investment, we help you make the best out of your asset, avoid issues with rent collection, and minimize vacancy and property damage. It also helps us avoid eviction, which has been the nightmare of countless investors.
What self-managing a rental property is like?
Not all landlords rely on property managers. Some can own and manage their rental properties well or have found heaven-sent tenants that professional property management services will just be a waste of money. However, if you have several rental properties or a full-time job, live in another city, or want someone to deal with tenant complaints, late-night maintenance request, and late payment, get in touch with MYND today.