Do you own a commercial space, apartment complex, or residential home that you’d like to lease out? If you want to turn one of your properties into a rental, consider hiring a property management company to oversee it. Nova Property Management, which provides first-rate rental management services in the Anchorage, AK, area, says the importance of hiring a property manager should not be overlooked. Their help will reduce stress, optimize rental profits, and ensure your home or commercial property is well taken care of.

Here are five things a property manager will do for you:

• Screen Tenants: It can take time to find and screen potential tenants for your rental, so to save yourself the hassle, hire a property manager to handle the task. They’ll process all tenant applications, conduct background checks, and contact a prospective tenant’s references on your behalf.
• Market Your Property: To find tenants to rent your place, you’ll need to market it properly. A property management company will manage all advertising efforts, like listing it in local rental magazines, printing flyers, and even conducting walk-throughs with interested renters.
• Manage Tenant Concerns: If a tenant has a problem, you won’t want them calling you at all hours of the day. Turn the job over to a property manager who will manage any concerns tenants have with your space. For example, if the dishwasher breaks, your property manager will determine what needs to be done, like hiring a contractor to fix it.
• Oversee Financials: Managing the financial aspect of any type of property rental, whether it be residential or commercial, can be overwhelming. To ensure rent is being collected and bills are being paid, hire a property management company to oversee the bookkeeping responsibilities.
• Decrease Tenant Turnover: Because property managers are attentive to renters and address any problems that arise in a timely manner, tenants are more likely to lease your property for a long time. To secure a reliable, qualified tenant and reduce turnover rates, invest in the services of a property management company.

Want to learn more about how a property manager can assist you in overseeing your rental property? Call the real estate professionals at Nova Property Management today at (907) 522-1332. You can also browse their website for more information about their services, and for helpful resources for home sellers and buyers.