31% of Greenville's 240,000 homes are renter-occupied, making it a great place to purchase an investment property.
There's a fantastic pool of renters in Greenville that can help your investment pay dividends for years to come, but there's also risk involved. Anytime you invest in property, you're taking on the challenge of finding good tenants and avoiding unnecessary expenses.
In today's post, we'll tell you how property managers can help you protect your Greenville investment property. There's nothing passive about investing in rental properties, so keep reading, and you'll see how an experienced professional can help you manage yours.
All rental property owners know that vacancies are the worst possible thing for your bottom line. You need to make sure your rental is occupied at all times, or else it'll end up costing you money in the short term. With so much competition in Greenville, however, finding good renters isn't always easy.
To put your rental in front of a large pool of applicants, you need good property marketing. A property manager who understands the local rental market can help immensely with this task. It's all about taking professional photos, writing a good listing, and putting that listing in the right places for people to see it.
If your property marketing efforts are successful, you'll end up with dozens of prospective renters. Vacancies are always bad news, but poor tenants are worse. You need to take time to screen them if you're going to find good ones.
Bad tenants can cause headaches, damage property, and result in costly evictions. If you don't want to deal with that, hire a property manager to perform thorough background checks. These checks involve looking into criminal and financial history, as well as past landlord experiences.
When all is said and done, you're left with the best candidates. Good tenants make your investment property easy and lucrative.
To keep good tenants in your rentals long-term, you need to take care of the property. Regular property maintenance also keeps your investment in good shape, so it'll hold its value.
Different types of properties require different maintenance. Having a property manager with the right contacts will ensure your property is always well-kept. They'll also respond to any tenant requests for repairs, ensuring your landlord-tenant relationship is healthy.
Even with tenant screening, you could end up having to evict a tenant. One major perk of property management is eviction protection. This means you won't have to pay out of pocket while your rental is empty during the eviction process.
Property managers also know how to handle evictions. They'll understand South Carolina's eviction laws and take the proper measures to get rid of a delinquent tenant quickly and legally.
Protect Your Investment Property with PMI Accelerate
Now that you know what a property manager brings to the table for your investment property, it's time to find out about the best option in Greenville. PMI Accelerate offers all of the amazing services discussed here and more.
Whether you need landlord rescue or you've grown tired of doing things yourself, contact us today to discuss how we can help.