Owning a rental property seems like a dream to some. After all, you simply find someone to.
As it turns out, there’s actually much more involved in the process. Managing a rental property can turn into a full-time job and trying to keep up with its demands has left more than a few landlords feeling stressed, overwhelmed, and confused.
That’s where a property management company comes in.
What is property management?
There are many different reasons why people choose to work with a property management company. Some are geographically far away from their properties. Some have more properties than they can manage by themselves, and others simply want the peace of mind and support that a property management company brings.
Investing in a rental property is a great way to build income and wealth, but it’s also a lot of work. A property management company comes alongside property owners to assume the day to day responsibilities of managing a rental property.
A property management company may advertise your property, screen applicants, show your property, handle rent, and take care of repair issues.
Top things to look for in a property management company
It’s important to work with a property management company that you trust. Here are a few things to look for when considering which one to work with.
It takes time to learn the ins and outs of property management, so you should look for a company that has plenty of experience in the field.
State and federal laws frequently change, unexpected emergencies happen, and basic maintenance takes a lot of time to deal with. An experienced property management company will deal with these issues routinely and know the best ways to handle them.
Look for a company that has a solid reputation and great reviews in the community.
- Great attitude and customer service
When the pipes burst at 3 a.m. or the air conditioner breaks in the middle of a hot summer’s day, who will be helping your tenants? The quality of care given can make or break your tenant’s experience. News of bad services gets shared in the real estate world, but so does news of outstanding service.
Look for a company with a great attitude and customer service when working with both landlords and tenants. When your tenants have a good experience with your property management company, they are more likely to stay in your building and recommend you to their friends and associates.
The Steinborn difference in property management
With over 30 years of experience in property management, Steinborn is leading the field in innovation and expertise. Steinborn has experience managing over 900 residential properties, including multi-housing units and single-family residences.
“Steinborn Property Management is a locally owned and operated business,” says Juanie Lara, director of Property Management Services at Steinborn. “We take pride in our professional management services and exceptional customer service.”
In addition to great service, Steinborn works hard to keep up with the latest technologies that are transforming the real estate field.
“Property Management is a field that seems to evolve every day,” says Lara. “Technology is our friend. We keep ourselves informed of the latest trends and regulations due to frequently changing property laws.”