Hiring a professional property manager is a great way to protect your investment and earn more on your rental property. However, you have to be strategic with your choice. Screening a property manager is even more important than screening a tenant.
Many real estate agents have decided to do part time property management, especially as the sales market fluctuates, and more people choose to rent instead of buy. Realtors are great at helping people buy and sell homes. However, the property management industry is unique, and so is the rental market. Hiring an inexperienced realtor to manage your property could result in costly mistakes.
Tenants are less likely to pay rent late when they are accountable to a professional Kansas City property manager. Property management companies in Kansas City and the metro area have procedures in place, and they enforce the terms of the lease. If you have a tenant who is not paying rent, you need to follow a consistent and reliable process to either get that rent paid or remove the tenant from your property.
Knowing how to find tenants is an important part of being a landlord. But, you don’t just want tenants – you want good tenants. A good tenant will pay rent on time, take care of your property, and follow the terms of your lease. At Key Partners Property Management, we work hard to find the right tenant for our owners and ourselves. Your experience and success as a landlord will largely depend on the tenants that are placed in your property.