The vacancy rate in the US is 6%, but could drop below 4% by 2025. As other landlords fill their vacant properties, you may struggle to compete. Ask for help before you need a landlord rescue.
Not sure if you need help from a property management company in Atlanta, GA? Read on for the four signs your landlord stress is becoming too much!
1. High Vacancy Rates
About one in every ten rental units in metro Atlanta is vacant. This is the 12th-highest rate in the US. If you're experiencing high vacancy rates, it's time to call a property management company.
Choose a company that offers property marketing services. They can optimize your property's online listing. A detailed listing should include a(n):
- Attention-grabbing headline
- Location-specific language
- Thorough description
- List of amenities
- Compelling call to action
Your property manager can use traditional and digital marketing strategies. Digital marketing can improve the listing's online visibility. As more people find the listing, you can schedule more tours.
These strategies can include search engine optimization and social media marketing. Potential renters can explore the property using virtual or video tours. You can focus on applicants who have a real interest in the property.
2. Multiple Properties
Do you have multiple properties both in and beyond Atlanta? You may feel stretched thin trying to manage them all at once. You'll waste time and money driving across town to manage each property.
Allow an experienced property management company to relieve your landlord stress. They'll use state-of-the-art technology to better manage your properties. Their proven strategies can ensure efficiency.
For example, they can use an online tenant portal to accept maintenance requests. Tenants can submit rent payments from the portal. You can oversee these processes from the comfort of your own home.
3. Bad Tenants
Bad tenants can be a major source of stress. They may:
- Damage your property
- Upset neighbors
- Break your house rules
- Pay rent late
If tenants are paying rent late, you may struggle to cover taxes, maintenance, or other fees. About six million American households are behind on payments.
Choose a property management company that offers tenant screening services. They'll gather comprehensive reports to assess each applicant. This service ensures you choose reliable renters.
4. Delayed Property Maintenance
Failing to complete property maintenance projects quickly will cause your investment property to deteriorate. Renters may decide to move out or take legal action. You'll have to pay for more expensive repairs in the future.
A property manager can schedule maintenance projects. They'll leverage their connections with local vendors. You can request services from reliable professionals at competitive rates.
Request Landlord Rescue Services Today
Managing multiple properties alone can get stressful fast. Instead of taking on excess landlord stress, ask for help. Hire a property management company before you need a landlord rescue.
PMI Marietta is a full-service property management company. We use state-of-the-art technology and proven strategies to meet each client's needs.
Rely on our 20 years of industry experience and expertise. Contact us today for stress-free property management in Atlanta, GA.
