Advantages of Using a Property Management Company
At ANCHOR Realty NE, our property management company can help owners deal with maintenance requests, tenant complaints, as well as rent collection for rental properties and more.
From tenant acquisition and screening to monthly accounting of revenues and expenses, our property management company located in Philadelphia, PA, offers concierge service to owners and keeps tenants happy. Below, we list the main advantages of hiring a property manager.
Find High-Quality Tenants
Experienced property management companies become adept at finding good tenants who are seldom late on rent payments. As a leading property manager in Philadelphia, PA & Baltimore, MD, we have years of experience with tenant acquisition and rent collection, as well as the best way to market our clients’ properties. We understand that high-quality tenants expect great service from a responsive landlord. Additionally, we keep in mind the interests of owners who want to attract long-term renters who pay rent on time.
The tenant screening process involves more than checking criminal backgrounds and financial history. Without sufficient experience dealing with leasing applicants, a property owner could easily end up with bad tenants, making the property difficult to manage. With the recent delays in the eviction process, poor tenants can be hard to get rid of.
Create a Single Point of Contact
Hiring a property manager gives property owners a single point of contact for vendors, tenants, and other partners. With someone else handling their rental property, there are fewer commitments to consider. We all know there are periods of time when managing a property can become a real headache; for owners, having someone manage their property is a huge benefit because it allows them to concentrate on other responsibilities.
Save Money on Maintenance and Repairs
Isn't it time to enjoy the benefits of hiring someone else to handle building maintenance? ANCHOR Realty NE utilizes trusted service providers gained throughout the years to keep up with required repairs. Where applicable, we use licensed professionals to make sure that the job is done right the first time.
Increase Rental Property Value
Identifying any structural or system issues and responding quickly to tenant requests helps us maintain the building properly. Our experienced property managers also conduct preventative maintenance as a way to safeguard against expensive repairs and improve property value.
Maintenance checks, inspections, and detailed documentation are the hallmarks of an exceptional property manager. Additionally, it's important to invest in upgrades on individual units to attract new renters and collect premium rents.
Provide Reporting and Financial Oversight
The advantages of hiring a property management company include instant access to technology. Tenant and owner portals make it easy to collect rent and provide real-time reporting to property owners.
As part of our commitment to cash flow, ANCHOR Realty NE establishes escrow accounts for apartment security deposits. We also handle third-party disbursements for tax, mortgage, utility payments, and routine repairs.
We provide online access to all owner and tenant accounts and use direct deposit to get money into bank accounts faster. Our property managers also provide online access to 1099 statements and annual reports, which are needed for tax purposes.
Contact Our Property Management Company
We would love to help any property owners hand over these time-consuming tasks to professionals and maximize the revenue for their properties. For more information about the benefits of hiring a trusted property management company in Philadelphia, PA & Baltimore, MD — or to buy or sell a property — reach out to our team today!
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