Burlington, NC, is a small, rapidly growing city, perfect for property investment. It's home to several esteemed medical companies and many corporate opportunities.
Families love the area's good reputation for education and many pristine outdoor spaces. Owning a rental property involves more than identifying great opportunities, though.
You must also take steps to preserve the value and appeal of your property. Read on to find out why you need a property manager to help you make the most of your investment property in Burlington, NC.
Great Tenants Conserve Your Investment
Bad tenants can seriously impact your property's value. These people pay their rent late, if at all, damage your residence's infrastructure, and may even break the law on your property.
A property manager never places tenants on a landlord's property without carrying out legally compliant tenant screening to help ensure you rent your home to responsible tenants who respect your home and take good care of it.
Property Inspections Preserve Property Values
Property managers carry out move-in and move-out inspections, and routine visits to your property. These visits help reveal lease infringements and allow them to check for maintenance or repair issues.
Property inspections are also a good time for your property manager to build a positive relationship with tenants and inquire about their needs.
Clear Communications Keep Tenants Happy
Good communication ensures peace of mind for tenants and can encourage lease renewals. Defining the rules clearly at the outset ensures a good understanding between landlord and tenant, and timely responses to queries give your tenants peace of mind.
Most property managers use an online portal for instant, efficient communications and rent payments. This portal also helps streamline maintenance and repair requests.
Investment Property Maintenance Saves Money
Property management services usually include maintenance coordination, which helps you meet your legal obligations toward your tenants.
Rental property maintenance is vital for ensuring your tenants' convenience. By attending to small issues early on, you can avoid more costly repairs or replacements in the future
This preserves the value of your property.
Precise Record-Keeping Boosts Your Profits
Property management services offer rental property accounting services to help you stay abreast of your rental business finances.
By carefully documenting all income and expenses, they help you manage your annual tax returns more easily. These financial services can also assist you in making sound investment decisions when you want to grow your portfolio.
A property manager provides the landlord with monthly owner statements to help you keep track of your property's rental ROI and vacancy rates.
Hire a Property Manager in Burlington, NC
Hiring a property manager ensures your investment properties enjoy the best possible management expertise.
Legacy Property Management has the skills and know-how to help you preserve the value of your investment property, boost your profits, and limit costly vacancies. We are backed by over 30 years of experience and pride ourselves on our 'service first' approach to all our clients and their properties.
Discover the benefits of working with our accomplished team today.