According to the South Bend Regional Chamber of Commerce, the South Bend region is the economic hub of several states. It has a population of almost 1 million inhabitants.
This makes the City of South Bend an attractive real estate market for investors looking to earn an income from long-term rentals.
Every real estate investor has qualms about allowing strangers to occupy their investment home. Here's how a property management team can help ensure your investment property maintains its value and appeal:
Bad tenants are every landlord's worst nightmare. The worst of these individuals cause damage to properties, overcrowd them, and don't pay their rent on time.
Few property investors know how to avoid this unpleasant scenario.
A property manager helps you get the tenants you want, thanks to stringent tenant screening procedures. They're familiar with all the necessary laws to carry this out fairly and effectively.
Tenant screening ensures you end up with tenants who have a good track record and who can afford to pay their rent.
Rental Property Inspections
Regular rental property inspections help protect your investment in two ways. Firstly, they allow your property manager to address any minor repairs promptly.
Secondly, an inspection may reveal that tenants aren't taking care of your property the way you would like them to. Early intervention is the best way to remedy these situations.
Property inspections also show that you're taking a hands-on approach to your real estate property. They allow the property manager to check in with your tenants and address any of their concerns.
This can encourage good tenants to renew their leases and help you avoid vacancies.
Investment Property Maintenance
Routine maintenance is vital for preventing unnecessary repairs and keeping tenants satisfied. It's also one of the most difficult tasks for landlords to keep track of on their own.
A property manager ensures your property stays in immaculate condition. They hire professional contractors to manage every aspect of routine maintenance.
They're available 24/7 to deal with emergency calls from tenants, and they have contractors on call to assist with urgent repairs. Thanks to this, they can deal with any issues quickly before further damage ensues.
Property managers have long-standing industry connections. So, they can arrange prompt service along with the best prices on repairs and maintenance.
Property managers can advise you on popular upgrades that allow you to charge higher rents and increase the value of your property.
Work With Reputable Property Managers
If you're a distant landlord, you need to have a lot of faith in your property manager. PMI Michiana will put your mind at ease.
You can view customized reports about your property on demand or monthly. These help you keep tabs on your property and figure out ways to maximize your returns.
We carry out all the above services on your behalf, so you can rest easy knowing your investment is secure.
Browse our blog for more landlord advice, and get in touch for assistance with all your investment property needs in South Bend, Indiana.