6 Reasons Professional Property services can add great value to your rental property while delivering stress-free passive income.
1. Charging The Right Rent For The Right Property
A professionally researched CMA (Comparative Market Analysis) is an essential part of a marketing plan. The CMA will highlight what similar properties in the neighborhood are rented for and what competitor properties a
re asking to be rented for. Using the CMA as a guide your property manager will work with you to decide what is the right rent to market your specific property. This is an invaluable service as over or under pricing your rental can be costly by sitting empty or locking in a tenant for too little.
2. Marketing Your Rental Property
A professional quality looking pictures make a world of difference Taking the time and effort to do professional Photography, or staging a property is well worth the efforts. Not only will it get your Property rented out faster but you can ask for Top Dollar!! Once you have GREAT pictures you need to share them with the world to attract new renters. Finding The Right Tenants
Meeting, interviewing and vetting tenants is more complex and time-consuming than it may look. Property management companies like Bleu Diamond Property Services vet potential tenants on many levels. They will carry out credit checks, past landlord references, income verification, and more. The right tenants pay on time, minimize wear & tear, and care for the property they are renting. The importance of finding and selecting the right tenants cannot be overstated. Smart investors leave this to the professionals as bad tenants can be costly and are not easy to lose.
4. Rental Property Contract Writing
With your tenant selected and vetted your property management company will provide a solid contract that is up-to-date with the often changing Residential Tenancy Act. Government legislation and regulations are constantly being updated and revised. Professional property management companies stay up to date on these changes and will ensure the contracts are created to protect and facilitate your needs. Your property manager will then ensure contracts are signed, filed and appropriate security deposits are collected and held in registered Trust Accounts prior to anyone moving into a property.
5. 24/7 Property Maintenance And Tenant Support
Professional property management companies receive all tenant requests for any maintenance or emergency work needed to your property by providing 24/7 support by phone or online. Your property management company manages an array of on-call professional tradespeople to quickly respond to any issues. These tried and tested professionals will help ensure any problems large or small are taken care of efficiently and at the best price. Bleu Diamond does not charge additional fees or accept any “kick-backs” or referrals from any trade or services people. We always provide fully Transparent rates to benefit our clients.
6. Regular Inspections
Property managers will perform a minimum of 2 inspections per year to ensure your rental property is secure and being cared for. Professional Property Services companies like Bleu Diamond will Keep you Up to date on your property with a report of inspection as well as updated photos of your property. This allows you to keep informed about your property without infringing on the rights of the tenant.
