Nearly 50% of the housing units in Puyallup are renter-occupied.
When you own a real estate asset, it's important to know that there are always potential renters available. The last thing you want is rental vacancies that lower your ROI and cause unneeded stress. Finding good tenants and maintaining good landlord-tenant relationships is essential.
To do this, you need great tenant screening and property management. In today's post, we'll explain how leasing management services help you handle the most important aspects of owning real estate. Keep reading and improve your overall ownership experience in Puyallup.
Refine Your Lease Agreement
How you structure your lease plays a huge role in how your rental property runs. It's important to be as detailed as possible so your tenants know what's expected of them and what they can expect from you.
A good property manager can help you draw up a standard lease with specific clauses that you'd like to include. When a tenant signs your lease, they should know how and when to pay rent, what maintenance they're responsible for, and the consequences of failing to abide by the lease, among other things.
Find Better Tenants
Reduced stress for property owners has a lot to do with filling vacancies with quality tenants. Every owner's worst nightmare is a vacant unit, but close behind that is a unit inhabited by a delinquent tenant. Having to evict a poor tenant is a long, stressful process that you should avoid at all costs.
The best way to do that is with a thorough tenant screening process. Your leasing agent will help you seek out qualified tenants with great marketing practices. This includes listing your vacancy on a rental platform with a detailed write-up and quality real estate photos.
Once you've got interested applicants, they'll engage in the screening process. This involves looking at a potential tenant's financial and criminal background. They'll also call references to get a sense of the applicant's character so you can find a tenant who is the perfect fit for your unit.
Keep Tenants Happy
Getting a great tenant in your unit is important, but it's just as important to keep them happy. Happy tenants tend to stick around and help you maintain positive occupancy rates, which keeps money coming in.
This is where a property manager can really shine. They'll communicate with your tenant, collect rent, and perform maintenance regularly. If your tenant has any questions, concerns, or requests, the property manager will respond to them and uphold positive tenant relations.
Get the Best Leasing Management in Puyallup
Leasing management and property management are two sides of one important coin for real estate investors. Finding great tenants and maintaining relationships with them will ensure your property remains lucrative over the long term.
To get the best leasing management in Puyallup, look no further than SJC Management Group. We've been serving Washington State's landlords for over 30 years, helping them with every aspect of property management. Contact us today to learn more about what we do and how we can help you.
