As a property management company, we have managed hundreds of rental homes for homeowners in South Carolina and North Carolina.
There are many aspects you should consider when hiring the right company to manage your rental for a valuable Return On Investment (ROI). The two most essential are a good track record on:
1. Knowing state laws; and
2. Securing the right tenants for clients
It’s a smart move to hire professionals trained and certified in the business to protect your interests; it’s also a safety measure to protect your investment and increase the value of your property.
Here are other top benefits to hiring a property management company to manage your home in the Carolinas:
Get Quality Tenants
A reliable and experienced property management company in South Carolina will have seen thousands of tenant applications in the past and will know how to identify good and potentially bad tenants. They will be able to recognize any warning signs in applications and protect you from any rental scams and discrimination lawsuits, which are a result of inconsistent screening processes.
Few Legal Problems
There may be some legal issues that arise with tenants; your property manager will have the knowledge to deal with any issues appropriately and effectively for you. Each manager should be fully aware of the latest landlord-tenant laws in each municipality and they will ensure that you are not left vulnerable in a potential lawsuit.
Each state or municipality has their own laws covered and these along with federal laws include but are not limited to:
Handling security deposits
Safety and property conditions of the property
Shorter Vacancy Periods
With a property management company in South Carolina, you won’t have to worry about long or frequent vacancy periods for your rental property. If you’re looking for new renters, a property manager will provide suggestions for improving the property, as well as helping you to decide on an attractive and fair rental rate. Property management companies will effectively market your property when there is vacancy, so you can quickly find new tenants to fill your home.
Tenant turnover can be a very long process if not handled properly. Tenant turnover includes tasks like installing new locks, cleaning the home, staging it and showing it again—an experienced property management company will have a smooth turnover system that gets tasks done quickly and effectively so that your new tenants can move in as soon as possible.
Look for a management company that has a good tenant retention policy that ensures your tenants stay for a very long time.
Rent Collection Process
It is very important that your tenants understand what is expected of them and that they know your rent dues are non-negotiable. Your property management team will serve as a middleman between you and your tenants. Your property manager can take care of conversations with your tenants, follow up on rent and even handle evictions if you need them to.
Without a property management team, you tenants might try to take advantage of you and your property. Property managers know your rights and will be able to protect you from these problems. They will also be aware of eviction laws and will take the steps necessary to protect you and your property if eviction becomes a possibility.
Increase Property Value
To maintain or even increase the value of your property, a good property management company in South Carolina will consistently perform maintenance checks on your home. These checks will help them to locate any maintenance or repair issues early, before they become worse or unmanageable in the future. They will also be able to recognize where certain areas of the home could be upgraded, and suggest modifications that will increase the property’s value for the future.
At Showcase Property Management, our experienced team is licensed to serve homeowners in North Carolina and South Carolina. We can assist you with your rental business success for years to come! Do you have any homes for rent that you would like us to manage? We have hundreds of tenants looking for a home just like yours. Please don’t hesitate to contact us today at 704.997.3794 or send us a message here!