The average 2-bedroom apartment in Ohio rents for $843, but this doesn't mean every 2-bedroom apartment is worth this rate. In fact, some are worth more and others less, but how do you know?
As a landlord, you must research local rates, but this is only one of dozens of tasks. Instead of handling this yourself, you can hire a leasing-only service!
Check out the top three benefits of hiring a company in Cleveland, OH, for leasing-only services.
Benefit 1: Professional Expertise and Time-Saving
Leasing is one duty for landlords, and it includes multiple steps, such as:
- Looking at current market trends
- Comparing units to others to find the best rates
- Advertising units
- Showing unoccupied units to prospective tenants
- Handling paperwork, such as leases
These duties take time, effort, and knowledge. When you hire a company to handle it, you pay them to complete these steps.
For landlords to be successful with these tasks, they'll spend a lot of time and effort. Instead of using your time and energy, you can hire a property manager.
Property managers provide expertise and the best rental management tips, helping your rental property business become more successful.
Benefit 2: Effective Tenant Screening and Placement
Leasing-only services also includes effective tenant screening and placement services. Your tenant quality affects every aspect of your business. Therefore, you need excellent screening procedures.
Property managers do this for you. They use the best property leasing strategies to attract the best-quality tenants.
They also have expertise in background checks. They'll research every applicant before agreeing to rent to them. These tenant screening services help them find the best tenants for every unit.
With better tenants, you'll experience many benefits, including:
- Increased rental revenue
- Less damage to units
- Lower tenant turnover
- Fewer complaints and problems
Increasing your rental revenue improves your bottom line, while lowering your tenant turnover rate is one of the best ways to maximize your rental income.
The bottom line is higher-quality tenants make your job easier and your company more profitable.
Benefit 3: Legal Compliance and Risk Management
Finally, one of the top leasing agent advantages is their knowledge of the law and ability to manage risks. Property managers know and follow all local, state, and federal landlord-tenant laws.
The result is fewer legal issues. Legal issues are devastating to landlords, so finding ways to avoid them is vital.
Leasing-only services protect these areas of your business. If you want additional protection, hire the company for full-service property management services. These services are more extensive and helpful for busy landlords.
Hire a Leasing-Only Service Company
A leasing-only service provides the services you need to maximize your business profits, including:
- Local research and review of current rental rates
- Marketing available units
- Screening applicants
- Showing units
- Signing leases
These are time-consuming tasks but are vital for your business operations. Are you ready to hire a company for help?
PMI CLE eAgent offers quality property management services in Northeast Ohio. We specialize in every property management service landlords need and desire, including leasing-only services.
We are a husband-wife team with experience and an aim for excellence. Reach out today to learn more about our leasing-only services.
