Is the nation's 6% rental vacancy rate causing you stress as a Chevy Chase, Maryland property owner? This rate could decrease to below 4% by 2025. Unfortunately, that means fewer renters searching for properties.
With help from a Chevy Chase property manager, you can attract renters and generate passive income. Not sure if you need property management services? Read on to discover the benefits first!
Effective Property Marketing
When searching for available properties, nearly 50% of people look online first. A digital marketing strategy will ensure you appear in front of Chevy Chase renters. Otherwise, they'll find another landlord's properties.
An experienced property manager will use proven marketing strategies to ensure your listings generate visibility online. These strategies can include:
- Print advertising
- Search engine optimization (SEO)
- Email marketing
- Video marketing
- Social media marketing
- Digital advertising (Google and Facebook Ads)
When someone searches for Chevy Chase, Maryland rental properties, SEO will ensure your listings appear on Google. As your listings generate more traffic, your chances of gaining applications will increase.
An experienced property manager will help your online listing stand out. They can stage the property and hire a professional photographer. Eye-catching visuals will attract more people to the listing.
Thorough Tenant Screening
Many property owners rush through the process of screening applicants. Some focus more on a renter's income than their criminal background. Without thorough reports, you could choose unreliable, troublesome renters.
Your property manager will already have a tenant screening process developed. They'll consider:
- Criminal background checks
- Employment verification
- Credit scores
- Rental histories
- Eviction histories
- Landlord references
This information can help you choose a renter you'll want to keep. Keeping great renters can improve your earning potential. You won't have to worry about stressful, costly vacancies.
Streamlined Rent Collection
Choose a property management company that leverages the latest technology to streamline processes. For example, they can offer tenants access to an online portal. From there, tenants can pay rent online.
They can automate payments to avoid delays. The portal can charge a late fee on your behalf.
Less Stress as a Property Owner
As a property owner, you're likely juggling multiple tasks daily. You could experience landlord stress and burnout without help. Outsourcing to a property management company can help you function more efficiently.
Your property management company can automate tasks, saving you time. You can dedicate time and resources toward expanding your real estate portfolio instead.
Maximize Your Rental Income
Hiring a property management company will allow you to maximize your rental income. They can help you make improvements to your properties. After making these upgrades, you can charge a higher rental rate.
You can sit back, relax, and know money is rolling into your accounts. Generating passive income will allow you to explore other ventures.
Request Chevy Chase Property Management Services
You don't have to manage your Chevy Chase investment properties alone. Instead, consider the benefits of requesting property management services. An experienced property manager can improve your ROI while reducing your workload.
PMI Chevy Chase uses the latest technology to benefit property owners and renters. We're dedicated to offering excellent customer service by maximizing your owner profitability.
Want to experience these benefits yourself? Contact us today to meet your property manager!
