Owning a Roseville investment property is a uniquely effective way to earn short-term rental income that can go towards paying down the expenses on your property. It also allows you to earn long-term ROI, especially as the hot sales market drives up home values.
There are costs involved in owning a rental home, however, and if you’re looking for ways to save money on your investment, professional Roseville property management might be your best resource. Here are some of the ways property managers can help you keep your costs down.
Roseville Property Management Can Lower Vacancy and Turnover Costs
One of the largest expenses you’ll face as a rental property owner is vacancy. When your property is unoccupied, you’re not bringing any rent. You’re also responsible for the utility bills, landscaping, and general maintenance. It’s hard to recover financially from any vacancy loss, and professional property management can keep your vacancy rate lower. With expert and automated marketing and showing processes, we’ll get your home rented a lot faster.
Turnovers are also less of financial risk. A good property manager will have a tenant retention plan in place designed to keep your current tenants happy and renew their leases year after year. If you do have a tenant moving out, we’ll be able to clean, repair, and prepare the property for a new tenant in far less time than if you were doing it on your own.
Identifying High-Quality Roseville Tenants Earns You More
Property managers have a better understanding of the local rental market than independent landlords, allowing us to accurately price your property. The right rental value makes a big difference in what you earn.
We also know how to find the best tenants. Our marketing and screening process lead to higher quality renters, which means fewer costs for you. With a bad tenant, you run the risk of late or unpaid rent, property damage, and expensive lease violations. Paying for eviction is going to be a lot more expensive than paying for a professional property manager.
Protecting Your Property with Cost-Effective Maintenance
A professional property manager can protect your home from damage, deterioration, and legal liability. It’s time-consuming to keep up with all of the California laws and regulations pertaining to rental properties. We help you avoid the risk and the expense of legal mistakes.
Property managers will also protect the value of your property. Routine, emergency, and preventative maintenance plans will keep your asset in excellent shape.
You’ll also pay less for maintenance. Most vendors and contractors offer discounts to professional property managers because of the volume of work we provide. You won’t have to worry about overpaying for a repair or hiring the wrong, unlicensed vendor.
The idea that professional property management costs you more money than managing on your own is not entirely accurate. With the right Roseville property management team, you can save money on expenses associated with your rental property and earn more in both the short term and the long term.
We’d love to tell you more about how we make this happen. Please contact our team at Action Properties.
