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5 Signs It’s Time to Hire a Property Manager For Your Livingston Rental Property

May 21, 2021
5 Signs It’s Time to Hire a Property Manager For Your Livingston Rental Property

We believe it’s always a good idea to hire a professional property manager for your rental homes. When you work with a professional Livingston property management company, you can count on an expedited leasing process, a legally compliant and stress-free management process, and a careful attention to preventative, routine, and emergency maintenance. 


If you’ve been managing your own rental property and you’re running into challenges and time constraints, consider working with professionals. 


We’re taking a look at five signs it’s time to hire a property manager for your Livingston rental property. If any of these sound like you, we hope you’ll get in touch with us.


1. Your Property is Vacant


Vacancy is a huge expense for rental property owners. You’re not earning any rental income on a home that isn’t occupied. You also have to worry about the inherent dangers that come with an empty property. There are utilities to pay for and the time and attention marketing and showings require from you. 


If your home has been vacant for more than a few weeks, stop the loss of income and the stress of trying to find a tenant. Work with a professional property manager, who can make sure your home is priced correctly and in rent-ready condition. You’ll get strategic marketing, responsive showings, and a fast leasing process. 


2. You’re Paying Too Much for Maintenance 


Every rental property needs routine and
preventative maintenance, and hopefully you’ve budgeted for that. However, if your maintenance costs are rising and things just seem to not get fixed correctly, you might need some professional help and maintenance resources. 


Property managers often have relationships with licensed and insured vendors and contractors who provide outstanding work for preferred pricing. Good maintenance is required to protect the condition of your investment. But, you don’t want to lose money when you’re maintaining your asset.


3. Poor Tenant Performance 


Chasing down late rent, following up on lease violations, and cleaning up property damage can be a real hassle for landlords. If your tenants aren’t fulfilling the responsibilities of the lease agreement, moving in unauthorized pets, or paying rent late every month, you’re probably wasting a lot of time and money dealing with those issues. 


Property managers can be the perfect buffer between you and your renters. You can count on our experience and our commitment to
good tenant screening. Don’t keep dealing with difficult tenants. Turn over the screening and management process to a professional management company. It will save you money and reduce the amount of stress that comes with owning rental homes.


4. Managing California’s Rental Laws is Complex


Keeping up with the local, state, and federal fair housing laws as well as California’s tenant protection measures can often feel like a full time job. You need to know the difference between a pet and a service animal. You need to understand whether your rental property is affected by rent control and you have to make sure you understand that Section 8 housing vouchers can be considered rental income when you’re screening applicants. Security deposits have to be returned on time and you need to provide written notice before you enter a tenant’s home. 


Keeping up can be exhausting, but it’s non-negotiable. A single legal mistake - even if it’s unintentional - can end up costing you thousands of dollars. Contact a Livingston property manager to ensure you stay compliant. 


5. You’re Moving Out of the Area


Professional property management is especially critical when you’re not geographically close to your rental property. It’s nearly impossible to show the home, screen tenants, complete move-in inspections, and respond to maintenance needs when you’re many miles away. 


Work with a property manager who has experience managing rental homes for out-of-state or non-local owners. Communication will be more important than ever. 

5 Signs It’s Time to Hire a Property Manager For Your Livingston Rental Property

We would love to tell you more about how you can benefit from professional Livingston property management services. We’ve been doing this for years, serving owners just like you. Contact us at  Wisdom Property Management & Realty, Inc. 

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