Managing multiple properties can take a lot of work. Many landlords want to enjoy the passive income that goes hand in hand with owning property. However, managing your property feels like working a couple of full-time jobs, which is why many landlords leave the task up to a rental management service. According to TrueList, less than 50% of landlords are their property managers. There are several things a property management company can help you with.

1. Maintenance

A property management company can easily handle maintenance tasks. Most companies already know local contractors that can help with standard problems, such as plumbing issues or pest control. They can show up on-site to let contractors in and ensure the job is done correctly. This instantly helps take a load off your back so you can focus on other aspects of your business.

2. Tenant Screening

Tenant screening can be a tedious process. You must verify income, run background checks, call references, and more. This can take days when you’re trying to find the right tenant for a property. A rental management service can handle all of this for you, so all you must do is sit back and collect your rent. You can trust an experienced company to ensure every tenant can pay their rent promptly.

3. Renting Units

These businesses can do much more than find your property's ideal tenants. They can also handle leasing and marketing units, so you don’t have to deal with any aspect of renting your units. They can take pictures, find a company to clean up after previous tenants move out, and post units on popular sites, including social media marketplaces, to ensure you have a tremendous outreach. This helps ensure you can focus on building your real estate portfolio instead of spending most of the day showing houses.

4. Acquiring Property

As you build your real estate portfolio, having someone on your team with a vast network is essential. Property management companies are also friends with local real estate companies. Many of these businesses network with one another, giving you an insider view of new properties for sale. This can instantly help you acquire more properties to enhance your income.

New England Property Management & Maintenance is a rental management service specializing in helping you manage your rental, from the initial purchase to managing tenants. We can also help with repairs and maintenance for apartment buildings. Contact us today to learn more!