An alarming number of adults claim stress impacts their ability to function. Many report experiencing forgetfulness, an inability to concentrate, or difficulty making decisions.
As an accidental landlord, your long list of property management responsibilities can cause more stress than anyone can handle. Don't do it alone. Instead, request landlord rescue services.
Not sure if you need help? Read on for the five signs you need landlord advice today.
1. High Vacancy Rates
What's your current vacancy rate? The rental vacancy rate in the US is over 6%. Every vacant property is money you're not making.
Hire a property management company that offers marketing services. They can use an omnichannel strategy to help more renters find your properties online. Effective digital marketing strategies include:
- Content creation
- Search engine optimization
- Email marketing
- Social media marketing
- Video marketing
These strategies will help you generate online visibility. As more people find your property listings, you can generate more applications.
Your property managers can update your online listings to appeal to your ideal renters. They'll list the property on multiple platforms to expand your online visibility.
If you're struggling to fill your vacant units, it's time to ask for landlord advice. With help, you can boost your occupancy rate and maximize your earning potential.
2. Low Rental Income
Are your earnings below the average rental income? As a DIY landlord, it's sometimes difficult to set proper rental rates.
Your property management company can complete a rental analysis. They'll compare your property to similar listings in the area to help you set the right price.
3. Frustrating Tenants
Bad tenants can:
- Fail to pay rent on time
- Argue with neighbors
- Damage your rental property
If you're struggling with frustrating tenants, hire a property management company that offers tenant screening services. They'll check each applicant's credit score, rental history, and complete a background check. This information can help you find local renters you can trust with your investment properties.
4. Struggles With Maintenance
Routine maintenance ensures your rental properties remain in the best possible shape. Small maintenance projects can help you avoid more costly repairs. It also ensures you're providing tenants with a safe place to live.
If you're struggling to keep up with maintenance requests, renters could get frustrated. They may decide to take legal action or complete the repairs themselves.
Your property management company can hire the best local vendors at competitive prices. They'll ensure all maintenance projects are done without delay.
5. You're Tired
If you've noticed a change to your sleep habits, stress levels, or overall health, ask for landlord advice. You could experience burnout without help.
A property management company can handle daily tasks, freeing up time in your busy schedule. They can take some of the stress off your shoulders.
Ask For Landlord Rescue Services Today
As an accidental landlord, every day can feel stressful. You don't have to manage your investment properties alone. If these situations sound familiar, don't hesitate to request landlord rescue services.
Your local property management company can take the stress off your shoulders. PMI Home Team is here to help. We have over 20 years of property management experience and a reputation as the top company in the industry.
Trust our award-winning services. Contact us today for landlord advice!
