Sure you could rent out your house yourself, but why take on the problems and headaches involved in being a landlord when there are excellent property management companies – like Propman Property Management – available?
Here are 10 reasons you should hire a property management company:
Thorough tenant screening
The last thing you need is a terrible tenant. As experienced property managers, we have screened thousands of applicants, so we are likely to spot any potential red flags in an application.
Less tenant turnover
Finding good tenants means finding ones who can and will stay in your property. When your property sits empty, that is money out of your pocket. And because people know and respect Propman, they come to our website regularly to check for current available rentals, resulting in a regular flow of people looking to rent homes.
Local contact for tenant problems
If a tenant has complaints, like a barking dog issue, or if something breaks, you have a local contact who can field the call and handle the situation on your behalf. This is especially important for out-of-town owners.
Do you really want tenants calling you in the middle of the night because their heat went out? Our staff is trained to handle any type of emergency situation. We have the staff and resources to take this worry off your mind.
Rent paid on time
Propman has a strict policy on rental payments. We make our monthly fee when the rents come in, so we are especially motivated. If there is a problem with rent collection, we are versed in the proper steps to take, including eviction if necessary.
Repair resources always available
Would you know what to do if the plumbing stops up or the air conditioning goes out? Propman maintains solid relationships with vendors in all the trades. When a problem happens, we can immediately jump to action.
Save money on repairs
Since have long-term relationships with vendors like plumbers, roofers, electricians, appliance repair and suppliers, for example, they give us priority pricing based on our volume. We pass along this pricing directly to you.
Increased property value
When properties are maintained properly, they generally increase in value. Propman provides regular inspections and repairs, and initiates conversations on property upgrades or maintenance issues to help maintain the value of your property.
You stay within the law
You don’t want to have to learn Virginia’s laws against discrimination, landlord/tenant issues, collection processes, and inspections. Our knowledge of these regulations is part of the value we offer our property owners.
You have freedom
You get to enjoy all the benefits of property ownership without any of the headaches. That means extra money in your pocket and more time to enjoy it without worrying about your property.
If you are considering renting out your property, please give Propman Property Management a call. We are experts in the Northern Virginia market and can make the process of renting out your home profitable in more ways than one.
Propman Property Management lists numerous properties each and every year and we are excited to work with so many fine Realtors who direct renters our way. Thank you!
To make sure your client’s application goes smoothly (and you get paid), we’ve listed a few ways you can help us with the application process.
Deliver a Complete Application
Double check to make sure the rental application is completely filled out. Many times applicants tell the Realtor that they will fill out the application and send it in, but we often have incomplete applications submitted by prospective tenants. And that really holds up the process. You can make their job (and ours) easier by simply double checking the application before submitting it for the approval process. The quicker they are approved, the sooner they can move into their new home.
A complete application should include:
Full Name of all occupants
Applicant Social Security Number
Confirmation of income
Copy of driver’s license attached
For convenience, access our online Rental Application form.
Include Your Business Card
Propman is pleased to pay Realtors a percentage of the first month’s rent as a commission for helping to lease a property, so please attach your business card to the application so we know where to send the check!
Call Propman if You Have Questions
If you have questions about the application, how to earn a commission, or our rental process and policies for our Northern Virginia properties, please pick up the phone and give us a call at 703-593-8637. We’d rather have you ask questions now than go back and forth later when you are submitting an application. We don’t want to hold up the process for you or your client.
As a property management company, Propman is often asked, “How’s the rental market in Northern Virginia?” We can almost always answer, “It’s great!”
Since our region is so close to Washington, D.C. and the governmental operations and its contractors, there is a plethora of government work in this area. And since the government is always in operation, the area experiences some of the best employment stability in the nation. When the rest of the country goes into a recession, you don’t really feel it here.
We also find that government employees and military personnel are very good tenants. We have several military bases nearby, including Ft. Belvoir, Ft. Myer and Marine Corps Base Quantico, and we are practiced in the intricacies of working with government and military employees.
Northern Virginia is also a higher-income area, meaning that you can generally receive a higher rent on your investment property than if it was located in another region of the state.
If you have an older property to rent out, you can particularly benefit because your mortgage is typically lower, or you may have paid off your house. This means you can start reaping benefits from your rental investment immediately.
To understand more about the Northern Virginia rental market, give us a call here at Propman Property Management. We’ll be glad to review the marketplace and give you advice on how you can rent out your property or properties safely and securely with our professional property managers. Our region includes the counties and cities of Arlington, Alexandria, Fairfax, Falls Church, Loudoun and Prince William.
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