Owning rental properties in the San Francisco area is a huge advantage for any entrepreneur. These properties have an incredible value, which means you can charge a lot for tenants to rent your buildings.
However, owning valuable assets and being a good landlord are two different things. If you want your properties to bring in money and provide a sustainable stream of income, you need to put in the work and ensure the tenants you rent to are credible.
If you're new to the game or have multiple properties, we recommend working with property management companies in San Francisco Bay. They can help you in a number of ways. But what are the benefits of property management?
Keep reading to find out.
Find Qualified and Reliable Tenants
If you want to be successful as a property owner, you have to find tenants you can count on to pay rent on time and take good care of your buildings. Property management companies in San Francisco Bay will help you list your available properties and use their resources to market that listing.
They will also help you screen applicants to ensure you're only bringing on the best tenants. They'll qualify your tenants based on:
- Rental history
- Credit report and credit history
- Criminal records
- Income verification
- And more
Trying to conduct these background checks on your own will be difficult. Without the proper tools or know-how, you might not be able to gather enough information to adequately vent your applicants.
Improve Your Reputation as a Landlord
San Francisco property management companies offer a wide variety of services to help you manage your buildings and your tenants. What you might not understand at first is that these property management services will help you improve your reputation in the San Francisco rental market.
Property managers will quickly respond to tenant complaints and concerns. This includes repair and maintenance issues. The better cared for your tenants are, the happier they'll be.
This means they'll continue renting from you for longer, which will provide you with more financial security. It also means positive reviews for you as a landlord, which will help you attract tenants for your other properties.
Increase Your Earnings
Finally, working with property management companies in San Francisco Bay will help you increase your revenue over time. This may seem counterintuitive, as these services aren't free.
However, property managers will help you maintain and increase the value of your San Francisco investment properties. Through regular inspections, repairs, and maintenance, your values will constantly appreciate in value.
As a result, you can charge tenants more for rent as time goes on. Additionally, it will be easier to attract renters if your properties are in pristine condition.
Are You Looking for Property Management Companies in San Francisco Bay?
As you can see, there are a lot of perks to working with property management companies in San Francisco Bay. If you want to achieve the maximum level of success possible as a landlord, we highly recommend using property managers.
Contact Kenny Realty today to learn more about what property managers can do for you. We'll give you a free quote for our services and answer any questions you might have.
Evan has been in the real estate and property management field for 6+ years. He is experienced in working with first time home buyers, is an Accredited Buyer’s Representative (ABR®), Seller Representative Specialist® (SRS) and Seniors Real Estate Specialist®(SRES®). He also works closely with Kenny Realty owners, getting their rental properties rented as quickly as possible. Evan is responsible for monitoring rental market conditions and advising our owners on market rates. He has outstanding communication with all clients he works with, keeping everyone in the loop at all times. He is the third generation of the Kenny family to practice property management on the peninsula.