Right now, the cost of rent's high, and rental stock's low across America.
You might not be worried about whether your rental property will remain tenanted. However, managing your property (or properties) is another story altogether.
As a landlord in Saratoga Springs, NY, are you struggling with the day-to-day responsibilities of your rentals? Hiring a property manager might be the solution you need.
They can handle everything from owner disbursements to screening tenants. And everything in between.
Read on to learn more about this invaluable (and money-saving) service.
Managing Owner Disbursements
One of the primary responsibilities of a property manager is to handle the financial aspects of your rental property.
Owner disbursements involve:
- Collecting rent from tenants
- Paying bills
- Distributing profits to the owner
A property manager in Saratoga Springs can handle these tasks electronically. This makes it convenient for you to receive your disbursements regularly.
Handling Tenant Complaints and Maintenance Issues
You're likely familiar with the challenges of managing tenant complaints and maintenance issues. Unfortunately, these are some of the most familiar aspects of property ownership.
Investing in Saratoga Springs property management takes this burden off your shoulders.
Your dedicated property manager handles all tenant communication. They coordinate repairs and maintenance with contractors. This saves you time and energy, allowing you to focus on other aspects of your life.
Marketing and Advertising
A property manager can also help you market and advertise your rental property to potential tenants.
This typically involves:
- Creating listings on property rental and real estate websites
- Placing ads in local publications
- Screening tenants
- Conducting showings for prospective tenants
If you've been doing these tasks yourself, you'll know firsthand how time-consuming they are!
A property manager can also help you determine the best rental rate for your property and negotiate leases with tenants. After all, they have access to in-depth rental industry data through the agency they're employed by.
Legal Compliance
So, you're a property owner in Saratoga Springs. Did you know you're responsible for ensuring your rental property complies with all local, state, and federal laws?
New York state is a well-known "pro-tenant" state with strict rental regulations. You need someone on your team to help you navigate them successfully—and legally.
Full-service property management helps you stay updated on law and regulation changes. It also ensures your property meets all necessary safety and accessibility standards.
Are You in the Market for Expert Rental Property Management?
Hiring a property manager in Saratoga Springs is all benefits and no negatives for property owners.
They'll handle tedious tasks like handling owner disbursements and client complaints. All you need to do is read their regular reports and enjoy your passive income stream!
If you want to work with the best in the business, look no further than Veno Properties. We have an office full of expert property managers. And they provide the most hassle-free, professional, and reliable service in NY state.
Drop us a line to discuss your property today!
