Owning an investment property in Atlanta, GA, is an excellent way to earn passive income thanks to positive population growth and low rental vacancies. Yet, if you want to reap the benefits of being a landlord, you'll need to put in a lot of hard work, too.
Managing a rental property on your own can be extremely time-consuming, costly, and stressful, particularly when it comes to property maintenance. That's why many investors prefer hiring a property manager to do the work for them.
Whether you work with a property manager or not, you still pay for rental property maintenance and repairs. However, you will enjoy the benefits of maintenance coordination when you pay for a property management service.
What's Involved in Maintenance Coordination?
Timely maintenance and repairs go a long way toward ensuring the success of your rental business, so they're a priority for serious landlords. Keeping your rental property in good condition preserves its value and promotes lease renewals by keeping your tenants happy.
There are many criteria for maintaining a property in a habitable condition. So, good housekeeping can also keep you out of trouble with the law.
Efficient maintenance coordination is the best way to stay on top of all the maintenance tasks involved in managing a rental property. It involves setting up a schedule of routine and preventive maintenance tasks.
These may include:
- Servicing HVAC units
- Testing carbon monoxide and smoke detectors
- Roof inspections and leak repairs
- Checking for interior water leaks
- Landscaping and snow removal
- Gutter cleaning
Staying up-to-date with these routine tasks helps you avoid costly repairs and unnecessary replacements. It also helps spread your rental property maintenance costs across the year and enables more effective budgeting.
When you hire a property manager, they take care of all these tasks on your behalf. Their duties include:
- Identifying maintenance issues
- Sourcing competitive quotes
- Overseeing the work
- Inspecting the completed work
- Managing invoices
They have established relationships with dependable local contractors to ensure efficient maintenance, timely repairs, and competitive prices.
Thanks to state-of-the-art property management software, they keep accurate records of your rental income vs. maintenance expenses. This helps streamline and simplify your rental property accounting.
What Else Do Property Management Fees Include?
When you hire a property manager, you get to choose from a range of useful services, or you can opt for a comprehensive property management package. This usually includes:
- Rental analyses
- Property marketing
- Tenant screening
- Lease origination and negotiations
- Property inspections
- Rent collection
Property management experts are always well-versed in local landlord-tenant law, and some property managers offer eviction protection services, too.
Make Great Choices for Your Atlanta Property
While you still have to pay for property maintenance, a property manager benefits your business in many other ways.
PMI North Atlanta offers a full range of property management services. We can assist you with property maintenance coordination, tenant retention, and property marketing.
When you work with us, you know your property is in the best hands, thanks to our years of experience with Atlanta real estate. Discover a better way to maximize your Atlanta investment property.
