Are you a landlord in the California Bay Area? It's certainly one of the most exciting cities to live in, and while there's been a dip in population, it's still the home of some of the most dynamic people you'll meet!
However, landlords face a challenge due to this dip. You'll have to give residents a reason to stick around. You need to give them the best service possible with your rental property.
But is there a way to do this and be largely hands-off? Read on to learn how you can achieve this.
Promote Your Property Once
While this isn't always possible, your goal should be to promote your property online just once. You can look into automation using online tools to share images of your property. Automation can also be used to send advertising emails to a mailing list of potential tenants.
The idea is that you'll find the best tenants in one go. You shouldn't have to keep marketing your rental property each year to find new tenants. Focus on creating the best listings to find the best tenants.
Find a Team of Contractors for Property Maintenance
If your property is always maintained, you'll save yourself more time in the long run. The best way to ensure sustained property maintenance is to hire a team of contractors.
This includes hiring electricians, plumbers, painters, maids, etc. Make sure they visit your property often to check for any issues. They'll make sure your rental home is treated like a five-star hotel!
You can delegate this task to a property manager who can assist with finding the contractors. They can also prepare a schedule for each of these contractors.
Hire a Property Manager
As we hinted in the previous section, you can delegate certain tasks to a property manager. If you wish to be a hands-off landlord, you must have a property manager by your side.
Property managers have a good understanding of California's landlord-tenant laws. They'll ensure that you're always following basic compliance for your property.
One of the biggest headaches of being a landlord is finding your tenants. Property managers can handle the tenant screening process to filter out any unwanted tenants.
Property managers can handle rent collection as well. They'll send reminders to your tenants and then collect the rent for you. They can transfer or deposit the rent payments to your bank account.
Property managers can look after most of the responsibilities so you don't have to. Take your time to find the best one and then let them do the hard work!
Landlords Can Succeed Without Stress
The stress of managing properties deters many landlords, but there are still ways to succeed!
You should start promoting your rental property as soon as possible. Make sure you have a team of contractors available before finding your tenants. You can hire a property manager to handle most of your duties.
Blue Line Property Management is the Bay Area's leading property management company. Our diverse team has over a decade of experience working with landlords like you!
