What are the benefits of using an Albuquerque Property Manager? A competent property manager can add significant value to your investment. This is why many real estate investors will tell you that a good management company is worth their weight in gold. Here are a few ways that a good property manager earns their keep:
Using Corder & Company as your Albuquerque Property Manager will:
Give you higher quality Tenants Tenant screening will help you to avoid the hassle of getting a bad tenant. A thorough screening process will give you tenants that pay on time, rent longer, generally causes fewer problems, and puts less wear and tear on the unit. An experienced property management company will see hundreds of applications and knows how to efficiently collect facts about the candidates and analyze that info to determine if they would be a good tenant. Also, by allowing a property management company to handle the screening, you will shield yourself against discrimination lawsuits and rental scams. Will lower cost and time consuming legal problems It only takes one troublesome tenant to cause legal headaches. A good property manager has the knowledge of the latest laws and will make sure you are not vulnerable to a lawsuit. Avoid shorter vacancies A property manager will help prepare the property for rent and suggest improvements. A manager will also help determine the best rate. The Albuquerque Property Manager has knowledge of the local market. Lower maintenance and repair costs Good maintenance and repairs keep tenants happy and preserve the value of your investment which makes them a very important part of land-lording. A property manager will know the contractors and understand maintenance issues that they are capable of supervising the work. Personal benefits for owners Avoid having to deal with late night emergencies, chasing down rent, evicting tenants and mounds of paperwork. Allows you to free up some of your time to spend in other areas of your business.