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Signs That Now Is the Time to Hire a Property Management Service

If you are a landlord, one of the best steps you can take is hiring a property management service to handle the day-to-day tasks of maintaining your rentals. How can you tell if now is the time to hire property managers? Here are some signs that you could benefit from property management services.

You have multiple properties.

Being a hands-on landlord for one property might be manageable, but when you have multiple properties, it is difficult to give them all the attention they need. Dropping the ball on tenant services can lead to costly complaints and even legal challenges. With property management services, you don’t have to worry about overlooking any important aspect of taking care of your rental properties, because an experienced team will handle them for you.

You don’t live near your properties.

If you don’t live near your rental properties, then property management services become even more important. The management team can deal with all of the on-site needs, saving you a significant amount of time and money. They can also do regular drive-bys of your rentals to ensure that they look well-maintained and that nothing seems amiss. This gives you the peace of mind of knowing that your tenants are honoring the lease agreement and that any potential issues can be caught quickly.

You don’t know landlord-tenant law.

One of the most complex aspects of being a landlord is understanding your legal requirements. There are strict laws governing how you can screen tenants, collect rent, assess fees, and perform evictions. Failing to adhere to the legal requirements could lead to costly litigation and jeopardize your ability to rent your properties in the future. A property management service can handle these screenings, rent, and tenant complaints on your behalf with a full understanding of the legal requirements, so you can avoid making any inadvertent mistakes.

Let MRS Property Management makes your rentals work for you by handling the responsibilities of managing your homes on your behalf. To find out how our property management team near Beverly, MA, can help you, please call (978) 927-3690.

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