This content has been reviewed and updated on 4/28/21.

Rental properties are a great way to generate additional income, but they can also be a great deal of work. That's why many owners employ a property management company. They offer extensive maintenance, safety, and legal assistance to reduce your stress and improve efficiency. These companies are also aware of changing needs, which is why they're expanding services during COVID-19. 

5 Benefits of Working With a Property Management Company

1. Improved Tenant Screening 

Property owners can see hundreds of applications when the rental market is hot. A trained professional will quickly spot signs if a prospective tenant is a risk. They can also guide you in drafting your approval requirements, such as adding a credit score minimum.

2. Efficient Maintenance Processes

When maintenance issues inevitably arise, they are the property owner's responsibility. Having a management company on-call will fix these issues before they become expensive repairs. This is especially helpful to anyone who owns more than one rental property.

3. Improved Rent Collection

Most management companies are paid a percentage of the rental income. In other words, if you don't get paid, neither will they. This encourages the company to receive rent on time and quickly address those who are overdue.

4. Enhanced Legal Protection 

Finding a property management company with adequate legal knowledge can save you a headache. Managers must keep themselves updated on new tenant and landlord laws to ensure everyone is protected. For example, there are stipulations regarding eviction notices or allowable screening processes that must be followed to avoid a lawsuit.

5. Adaptive COVID-19 Protocols 

Property management companies have adapted to serve property owners, even during COVID-19. They keep relationships with contractors who can provide safer conditions or make repairs. The companies can also match you with HVAC technicians to improve indoor air quality for tenants.

During the pandemic, property management companies have remained updated on safety protocols. In-house staff members are trained to ensure a safe environment for residents. They are taking the necessary precautions and using the appropriate cleaning products. 

Management companies also appreciate the financial situation property owners may be in due to COVID-19. Their computerized accounting functions can help reduce spending. In turn, the company's advertisers and real estate brokers will fill vacancies to help restore your income.

For over 40 years, Realty Roundup Property Management has helped landlords protect their investments. The property management company offers tenant screening, routine inspections, and maintenance to ensure long-term safety. They can also help advertise vacancies to reduce downtime and help tenants move in for a smooth transition. With locations in Stockton, and Elk Grove, CA, they have the resources to assist residents in the Greater Sacramento area in any way they need. For more information on their services, visit their website. To schedule an appointment with their professionals, call them at (209) 477-1594.