Individual investors own nearly 14.3 million of the 20 million rental properties in the US. If you own Walnut Creek property, it's important to maintain it. Otherwise, you could scare away potential tenants.
With help from a property maintenance company, you can keep your investment property looking its best!
Not sure how to choose between property maintenance companies in Walnut Creek, CA? Read on for the tips you need for an effective search!
1. Ask for References
Renters might withhold rent or sue if you don't make repairs in a timely manner. Before choosing between property maintenance companies, read online reviews. Reading reviews will help you find a responsive maintenance team.
The sooner they make the necessary repairs, the more likely you are to keep tenants happy. Happy tenants are more likely to stay long-term. This will improve your tenant retention rate.
Avoiding long-term vacancies will help you generate more revenue from each unit.
Find online reviews by checking the company's BBB profile, Yelp page, or Google Business listing. Look for a company with five-star reviews and a long history of happy clients. Check when each review was posted to make sure it was recent.
A company that already has a strong reputation among local property owners will work hard to maintain that well-earned reputation.
2. Check Credentials
Review each company's credentials to ensure they're licensed and insured.
Under California Business and Professions Code 10130, property management companies must possess a broker license. Make sure the company has an active license that was issued by the California Department of Real Estate.
These companies will operate legally on your behalf.
3. Consider Experience
Consider how long each property maintenance company or manager has worked in the industry. A team with years of hands-on experience won't make costly mistakes. These teams have likely learned from first-hand job experience.
They likely have an efficient process in place, which can save you valuable time and money.
Make sure the company has local experience. Look for companies with roots in the community. They'll already have connections with the area's trusted repair and maintenance businesses.
4. Review Services
Look for a company that offers a full range of services. You won't have to hire more than one company for the help you need. In addition to maintenance services, you might also need property management services like:
- Tenant screening
- Rent collection
- Financial reporting
Determine what's included under the company's maintenance services. Look for companies that offer 24/7 response services for emergencies.
5. Consider Your Budget
Ask each property maintenance company for a list of their services and fees. Compare costs between three local companies. Ask for a copy of each company's contract to review.
Determine if the company offers a guarantee. These companies will have your best interests in mind.
Find Property Maintenance in Walnut Creek
Don't rush when choosing between property maintenance companies. Instead, use these tips to find the best services in Walnut Creek. With these tips, you can feel confident in your final choice.
Want to simplify your search? We're here for you.
Contact Blue Line Property Management today to receive the help you need!