The Benefits Of Property Management For Rental Landlords

There Are Many Benefits To Using A Property Management Company

A fundamental mistake landlords make is choosing not to use a reliable property management company. There is a common misconception that managing a property independently will save landlords money. In fact, it often turns out to be a false economy, as our team at Quealy & Co Estate Agents knows all too well!

Many landlords in come to us once they realise how challenging it can be to deal with all aspects of property management themselves and soon begin to recognise the benefits that using a property manager will bring.

Here we’ll look at the benefits of using a property management company.

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A Single Contact Point For Tenants

Rather than having to deal with your tenants yourself, your trusted property management company will be able to resolve any problems and issues arising on your behalf. Property management companies offer a 24-hour service, so they are available to help when you are unavailable. Handling tenant complaints when letting your property can be stressful, but management companies will handle matters without you needing to involve yourself directly.

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Reduced Tenant Turnover

Thanks to the practical, effective, and speedy services that your property management company will provide, the chances of high tenant turnover become much lower. If any changes occur on your side, such as a rent increase, your tenants are likely to be more prepared to cooperate when they know they’re in safe hands.

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A Lower Chance Of Legal Problems

If you’re unlucky enough to experience a problem tenant, you can find legal issues mount up over time, costing you money and time. A property management company will be familiar with the most recent legislation and will be able to handle legal matters appropriately and efficiently on your behalf.

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Timely Rent Collection

When you use the services of a property management company, you won’t need to worry about collecting your rent payments yourself. This can be a relief if you have difficult tenants. If they fail to make payment on time, a property management company will enforce the lease policies, taking appropriate steps to ensure that you’re fully covered.

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Reduced Maintenance Costs

When you use a property management company, you will be able to take advantage of their maintenance provision team, who will keep your property in excellent working order. This is a far cheaper alternative to hiring external professionals every time something needs fixing. Also, the property management maintenance team will be familiar with your tenants and ensure all work is carried out professionally and correctly.  

Ensuring rents track market conditions

It is our experience that many landlords are reluctant to increase rents in line with market conditions and inflation. This really can be a false economy as often, where a landlord is reluctant to do so, rent is left and as market rents rise the conversation with a tenant becomes harder to have. This is not to say a landlord should be brutal or uncaring but just practical. A rental property, for most landlords, is an investment and it is only sensible that a landlord should seek to optimise that investment.

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Why Use A Property Management Company In Kent?

As a landlord in Sittingbourne, Sheerness, Minster, Faversham, Canterbury, Rainham, Gillingham, Chatham, Rochester and Maidstone dealing with all your tenants’ issues with no professional assistance can be highly stressful and time-consuming. The ideal solution is to use a trusted local property management company like Quealy & Co Estate Agents. You’ll experience far less stress and will be sure to enjoy excellent value for money, with reduced tenant turnover and maximised rental revenue.

Call us 01795 429836 or email hello@quealy.co.uk to chat with a member of our friendly and experienced team.