Deciding whether to rent your property with a realtor is one of the key decisions you’ll have to make when it’s time to find tenants for your property. Using the services of a realtor for your rental property could end up costing you between 7-10% of your total monthly rental income so it’s no wonder that many landlords question this option. However, if you find a good, conscientious rental manager, the benefits you’ll receive can far outweigh the costs. Finding tenants for your property and managing their tenancy requires a great deal of work and commitment. Engaging the services of a good property manager can take away this stress and ensure that the tenancy runs as smoothly as possible.
So, when it comes to choosing a realtor to rent your property, you’ll need to find an agent that will work hard to protect your investment. This means finding professionals that specialize in property management, such as the team here at Red Wagon Properties.
The Benefits of Renting Your Property with a Realtor
There are numerous benefits to be gained from choosing to rent your property with a realtor.
- They’ll find suitable tenants for your property.
Renting out a property may sound easy to the novice landlord. After all, all you have to do is set the rental price, find the tenants and set up a tenancy agreement. However, sometimes it’s not quite as straightforward as this. By choosing to rent your property with a real estate agent, you can relax knowing that they’re doing all the hard work for you.
Depending on the level of service you choose, this can include everything from:
- Advising on current rental rates for properties like yours in your area so you get the maximum price for your property
- Employing proven marketing methods to target potential tenants
- Preparing and showing your home to prospective tenants
- Screening and approving tenants to ensure that they are reliable and can meet the monthly rental payments
- Minimizing periods of vacancy and income loss
- They’ll look after all the paperwork.
Becoming a landlord means paperwork. There are many regulations surrounding a tenancy and, as a landlord, you’ll not only have to be aware of them, but you’ll have to make sure that you don’t fall foul of the law. You’ll need to deal with lease agreements, contracts for repairs and maintenance, property rules and regulations – and that’s just the start. Realtors have the experience to ensure that all the necessary paperwork is completed in line with regulations and ensure that nothing is missed.
- They’ll act as a liaison between you and your tenant.
Once your tenant is in place, a good house property management company will act as the liaison between you and your tenants. If you have instructed them to manage the tenancy, they’ll organize repairs, handle complaints and generally ensure that the tenant is meeting the requirements of their tenancy agreement. They’ll be on hand to deal with any issues both with the property and with payments. Through regular property inspections, they’ll be able to pick up damage to your property and identify any maintenance work that needs to be done before it becomes a problem. In short, they act as your eyes and ears to make sure that you are getting the most from your property investment and can assist with communication, negotiation, and conflict resolution.
Finding a Realtor for Your Rental Property
If you’re looking for property management services in San Antonio, TX, Red Wagon Properties should be your first port of call. We can manage all aspects of tenant relationships, from preparing your property and finding and approving tenants to executing the necessary paperwork. Once we have suitable tenants, we’ll take care of all communication with your tenants throughout the lease, handle all the maintenance issues and offer a simple pricing system that’s fully inclusive.