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property management companyMost people who purchase rental property do so with the expectation of making a positive return on their investment. However, there is more to successfully owning rental property than simply buying a house and putting a “For Rent” sign in the yard. Managing your own rental property can be very time-consuming. Plus, if you live far away from your rental property, it can be hard to maintain and manage it. However, the right property manager can protect the value of your rental property and increase your return on your investment by keeping it rented with quality tenants.

Here are some things to keep in mind when choosing a property management company:

  1. Look for a property manager with plenty of experience. An experienced property management company will have already dealt with virtually all types of problems when it comes to rental properties, so they will know how to solve any issues quickly and efficiently.

  1. Select a property manager who will carefully screen tenants. Irresponsible tenants can cause serious damage to your property, which can lower its value or make it harder to rent in the future. They might also fail to pay rent on time or at all, which can put you in a severe financial bind.

  1. Find a property manager who will keep your property rented. Getting a good return on your investment property depends on keeping it rented. You want to work with a property management company that will not only aggressively market your property to find new renters, but that will also do everything it can to ensure that tenants renew their leases whenever possible.

  1. Choose a property management company that will address tenant issues quickly. Ideally, tenants will be able to report any maintenance issues online at any time. It is particularly important for tenants to be able to report problems that represent a real emergency.

  1. Opt for a property management company that is local to your rental property. They will know the market best and be able to quickly address any maintenance problems.

  1. Select a property management company that provides excellent customer service. Ideally you want one that has a low property manager to owner ratio to make sure that you will receive the service you deserve.

  1. Choose a property management company that can provide you with detailed accounting related to your rental property. Ideally, you should be able to access this information online at your convenience.

Finding the right property manager can make the experience of owning rental property much more positive. Following the practices listed above can help you to select a property management company who will best meet your needs.

Fort Lowell Realty and Property Management has over 30 years of experience in property management. We provide the highest levels of service to our clients in the Phoenix and Tucson, AZ, areas. If you are looking for the best in property management for your Tucson or Phoenix rental property, contact Fort Lowell today.