While owning a rental property is an excellent investment, it can also be a lot of work. From collecting rent to dealing with repairs, managing your building comes with many responsibilities. If you don’t have the time to do it all yourself, have a property management company help with the following tasks.

Why You Should Hire a Property Management Company

1. Screening Tenants

Before renting a property to a tenant, you must check their criminal history, credit, and references. A property management company will thoroughly screen all tenants to make sure they're law-abiding citizens who are likely to pay their rent on time and treat the building with respect. This can save you money and frustration in the future.

2. Advertising Your Property

As a rental property owner, you want your units to fill up as quickly as possible. The less time your property sits empty, the more money you ultimately make. A property management company will know how to advertise your rentals effectively so you can avoid extended vacancies.

3. Collecting Rent

Collecting rent from your tenants every month can be challenging, especially if you live elsewhere. If you hire a rental property management company, they'll have an efficient system in place for collecting rent on time, which may even include automatic payments.

4. Performing Maintenance & Repairs

From clogged toilets to broken ovens, rental properties require maintenance and repairs regularly. By hiring a property management company, you won't have to take time out of your day to tend to these duties. They'll handle all tenant maintenance calls and hire contractors to perform the work properly.

If you’re looking for a reliable property management company to help with these tasks and more, turn to MetroHudsonMgmt LLC. This team has over 20 years of industry experience overseeing condo associations, commercial spaces, and rentals in New York City and Putnam and Westchester counties. They also provide a wide range of management services, from general administrative tasks to troubleshooting buildings. For more information on their services, call (914) 941-7111, visit their website, or connect with them on Facebook.