You're the best property manager your rental could have. You know this as a fact. Still, you wish there was someone to help with administrative tasks like marketing the property, screening tenants, and creating leases.
It should be easy to find great tenants as rent prices for Oregon apartments are coming down quickly. In fact, prices are falling 5.66% each year.
Even so, finding and screening tenants is too time-consuming. On the other hand, you don't want to rent out to just any applicant.
A leasing-only service might be exactly what you need. Keep reading to learn about it.
What Is a Leasing-Only Service?
A leasing-only service refers to finding tenants and screening them. This benefits owners who don't want to search for tenants because it can be a time-consuming process.
When you hire a leasing-only service, you split property obligations with professional property managers.
A property manager markets your unit as available, finds and interviews candidates, and creates a lease. Once the vacancy is filled, you manage the property from there.
The best leasing-only service will save you time and find high-quality tenants based on your standards. This form of outsourcing requires lower fees than you would pay for full-service property management.
Benefits of Leasing-Only Services
Using a leasing-only service allows you to focus on getting units ready for new tenants. While someone else worries about the administrative tasks, you can take care of the property.
A property management company handles these tasks daily so they are efficient in the process. They have years of experience to make the leasing-only method a success.
Some property managers have a network of potential renters ready to move. They will also list your property on their website.
The benefits are worth the fees for property owners who don't like to focus on tenant placement. Plus, it frees up more time you can spend as a real estate investor.
Choosing a Leasing-Only Service
If you want a leasing-only service to be a long-term asset, you must know how to choose the right company. A property management business offering leasing-only services should include these tasks:
- Marketing the unit
- Property showings
- Prescreening tenants
- Collecting applications
- Screening applicants
- Conducting criminal background checks
- Preparing the lease
If you want to reap all of the benefits of a leasing-only service, make sure the business you hire completes these tasks. Paying for services that screen tenants for you while knowing about tenants' rights is worth the fees alone.
Hire a Property Manager in Gresham, Oregon
Managing your own property is a lot of work, but you don't have to do everything alone. Consider outsourcing some of your management tasks.
A leasing-only service can take on the time-consuming process of marketing your property and finding great tenants.
At Kerr Properties, INC., we have years of experience finding and screening tenants. This valuable service saves you time, and money, and allows you to focus on day-to-day property operations.
Since being founded in 1981, we've helped property owners like you with all things property management. Contact us today to enjoy the benefits of a leasing-only service.
