Managing a rental portfolio is more work than many people believe. While there will be some downtime, you still need to stay active in the process to make sure your tenants don’t have issues. The question is, do you have the time and resources to manage all your properties?

That’s why many rental property owners use property management companies. That’s led to over 300,000 management companies being created in the United States.

Are you wondering if using a property management company will be beneficial for you? Below are five reasons hiring a Charlotte property manager is worth the money.

1. Get Better Tenants

Finding reliable tenants is one of the most challenging parts of being a landlord. People are more than willing to lie when they go through the application process. If you aren’t great at figuring out who’s not being truthful, you’ll end up with bad tenants that wreck your properties.

You can avoid this hassle by working with a property manager. Your property manager will handle the tenant screening process for you. They know how to separate the bad tenants from the great ones.

2. Easier Maintenance

Handling maintenance requests can be one of the most time-consuming parts of managing a property. Even if you don’t often get calls from your tenants, you never know when things will change, and you’ll end up with several calls during the day.

One of the significant benefits of a property manager is that they’ll handle all those requests for you. They’ll take all the support calls and make sure the right people get on-site to fix any problems.

3. Easy Payments

Collecting cash from tenants isn’t always an easy process. They each have preferences for how they want to pay. You’ll need to either adapt to what they want or try to get everyone on board with your chosen payment method.

A property management company like this company will handle rent collection for you. The only thing you have to do is collect payment from your property manager.

4. See Better Marketing

If your biggest goal with rental properties is to grow a stable income, you might not be interested in the marketing aspect of the process. You need great marketing if you want to reach the best tenants looking for homes. The problem is that many landlords aren’t great marketers.

A property management company will have a great marketing team in-house to handle that process. You can count on them to get your vacant rentals filled with tenants quickly, so your properties don’t stay empty.

5. Have Legal Protection

There are a lot of laws that govern how you manage properties and deal with tenants. Unfortunately, some landlords don’t know all those laws and do things they aren’t supposed to. In some cases, this will get them in trouble.

Property management companies are familiar with these laws and won’t do anything wrong. You won’t have to worry about a tenant lawsuit because you didn’t know the rules.

Hire a Charlotte Property Manager Today

You can’t afford to waste time on mundane tasks when you’re trying to grow your real estate investments. Hiring a Charlotte property manager is a great way to free up your time to focus on work that will grow your investments more. Start talking to a property management company today to see what they can offer.

If you want to learn a few tricks that will help make maintaining your property easier, head back to the blog to check out the latest posts.

Jane