While hiring professional property management can be a smart choice for any real estate investor, owners of corporate housing units may find these services particularly useful. Given that you’re likely renting month-to-month basis and welcoming new tenants every three months or so, both your tenant placement and move-in/move-out procedures need to be particularly efficient. Meanwhile, you’ll need to provide your corporate tenants with high levels of service throughout their stays, especially when it comes to providing quick resolutions to any maintenance issues. Property management companies have several unique capabilities that can help you achieve these goals, including:
- Expert marketing and tenant screening – a professional property manager will create compelling marketing materials for your rental, then manage your listings across multiple websites and print publications. he or she will then conduct phone screenings, show your property, vet applications, and help you select the best fit for your rental.
- 24x7 availability – property management companies will handle all tenant communication, including the after-hours phone calls that would otherwise come to you. having a reliable number to call in case of emergency will give your tenants peace of mind; meanwhile, you’ll be able to relax and enjoy your evenings and weekends knowing that you’re not on-call.
- Effective maintenance management – not only will your property manager handle emergencies, he or she will make sure routine maintenance is taken care of in a timely manner. property management companies often have teams of contractors that they work with regularly, allowing them to accomplish even major maintenance projects much more quickly and inexpensively than an individual landlord.
In short, hiring a professional property manager can go a long way when it comes to bridging the gap between the typical residential rental scenario and the hotel experience that most executives have come to expect when away from home---which will in turn go a long way toward ensuring the success of your business.