Rental properties are a sensible investment that let you generate a steady stream of passive income. However, if you aren’t well prepared for the responsibilities of being a landlord, you can quickly get bogged down by repairs and upkeep. The guide below explains some of the common problems that happen with rentals, and how a property management company can make your life easier.

What Issues Frequently Occur With Rental Properties? 

Like any home, a rental property is susceptible to unexpected breakdowns, leaks, and malfunctions. Plumbing problems can cause damage if left unattended, especially if your tenants don’t call you right away. A broken furnace is also an urgent issue, particularly in winter. Your property management company can prevent this problem with proactive, yearly inspections. Another issue that can arise is pest infestations. Rodents, ants, bed bugs, and termites can all be difficult to get rid of and may require fumigation that can be disruptive to tenants.

How Can a Property Management Company Help? 

Landlords have to be prepared for emergency calls at all times, whether late at night or in the middle of a relaxing weekend. It can also leave you scrambling to find a trustworthy repair company while you’re out of town on vacation. A property management company is the first point of contact with tenants, so you’ll only need to worry about cashing rental checks and answering pressing questions from your management team.

If you own rental properties in Anchorage, AK, or the surrounding areas, call Nova Property Management to see how they can make your life easier. For over three decades, they’ve helped new and experienced real estate investors run their properties with ease. They handle everything from 24/7 maintenance calls, rent collection, finances, and lease signings. To learn more about this property management company, visit them online. You can also call (907) 522-1332 to discuss your current rental properties.