A property manager can help you make more money from your rental properties over time. Not yet convinced? Here are eight reasons why you should hire a property manager for your rental property in 2022.

Many landlords manage their properties on their own. But oftentimes, property owners need help from a professional. This is when hiring a property manager for your rental property makes more sense.

Property managers can be a great asset to your rental business. You should consider hiring a property manager if:

  • you have limited time
  • you don’t live near your rental property
  • you have multiple properties or rental units
  • you’re not interested in hands-on management
  • you can afford to hire a property manager

So how can property managers help your rental business? Here are 8 reasons why you should hire a property manager now:

1. They help maximize the profitability of your time and money

Hiring a property manager to manage your rental business will save you precious time. Your property manager will take care of the day-to-day aspects of running your property, which allows you to focus on other investment and business opportunities. 

Hiring a property manager can also save you money in the long term. With their expertise, they can find the right tenants quickly and decrease income loss due to vacancies. Their management skills can also help your rental business run efficiently and reduce costs in unnecessary promotions and unexpected maintenance.

2. They market and advertise your property effectively

An experienced property manager understands how the local market works and knows the exact channels to advertise your rental business. They can also closely supervise each advertising campaign to see which ones are effective and aren’t. 

3. They screen the right tenants

Not all tenants are a great fit for your rental business. With an experienced property manager, you could avoid or minimize problematic and late-paying renters. Property managers will help you find and screen good tenants by thoroughly running criminal backgrounds, security checks, and credit reports, among others. 

4. They set the right rental rates

Experienced property managers have a deep understanding and hands-on experience in your local rental market. They will help you study your competitors and find out how much other landlords are charging for similar properties in your area. By conducting thorough market research, they can help you set the right rental price to ensure that you maximize your monthly income while maintaining a low vacancy rate.

5. They manage your tenants and property

As their job description suggests, a property manager will not only find you the right tenants but will also manage the tenant-landlord relationship for you. This means that your property manager will handle your tenants’ concerns, complaints, property emergencies, and conflict resolutions. 

The property manager will also plan and manage routine inspections and maintenance so you don’t have to worry about your rental business while you’re on a vacation or out golfing with future business partners.

6. They manage vendor relationships

When you hire a property manager, you don’t have to worry about maintenance schedules. As such, you no longer need to contact contractors, tradesmen, suppliers, and vendors — your property manager will handle this for you. Your property manager will also make sure you hire the best workers for the best price.

7. They ensure that your property is compliant with the law

You don’t want your business to be in trouble with the law. By hiring a property manager, you can rest assured that your rental business always complies with all applicable laws and regulations in your locality or state. 

Aside from the usual legal compliance, the COVID crisis has added even stricter regulations to property businesses. By hiring a property manager, you don’t need to worry about these changes. Your property manager will keep up with the latest laws and regulations. This will help your business avoid any lawsuits and operate smoothly amid the ongoing pandemic.

8. They keep your tenant-landlord relationships strictly professional

A tenant-landlord relationship can be stressful. When you get personally involved, you may end up being too lenient or too strict towards your tenants. 

By hiring a property manager, you can maintain a strictly-business relationship with them. Your property manager will serve as a buffer between yourself and your tenants, especially when certain issues or complaints arise.

Bottom line

With the help of an effective property manager, along with free property management software like Ziba Property, your rental business can remain highly efficient and profitable despite the ongoing crisis. 

Ziba Property is a cloud-based property management software that connects property managers to tenants and property owners in one convenient platform. With Ziba Property, property owners can easily contact their property managers and tenants anytime, anywhere. 

You can also use this property management system to manage multiple rental properties remotely. You can list multiple properties and register your tenants on the app to create a safe online community for your residence. If you have a property for sale, you can automatically notify property agents in your area to help you promote your properties faster.

To learn how Ziba Property could help your rental business, read our guide for property owners here.

You can also download the Ziba Property app for free from Playstore and App Store and start enjoying its many benefits.