The most common type of property leasing contract in the country is a 12-month lease. Other popular kinds of leases are month-by-month and even two-year durations. Managing different properties with varying lease lengths may prove difficult for investors.
A reliable way to handle multiple tenants on different properties is with the help of a leasing-only service. These service providers specialize in managing tenants, creating leases, and keeping landlords compliant with regulations. They can also find new tenants to fill your properties.
Here are some things to consider when choosing a property leasing agent.
Experience in Property Leasing
First of all, try to find rental property management that has experience with leasing.
Your leasing agent should know the ins and outs of rental property management. That includes how to read local market conditions. They'll need to know rental trends and how to handle tenants.
Experienced leasing agents are adept at handling various property types. This is important if you're trying to broaden your investment portfolio. You shouldn't have to juggle different services because one of your agents hasn't leased commercial properties in the past.
Tenant Verification Process
One of the most important roles of a leasing agent is to screen tenants. A thorough screening process ensures that they lease out units to reliable tenants.
The ideal tenant has a strong rental history, stable income, and no prior evictions. Whether or not you focus on a criminal record will be up to you.
It may help to have your agent contact previous landlords to gain more information on a potential tenant's behavior.
Marketing and Rental Listing
Managing leases is only one part of a leasing agent's services. They're also responsible for marketing your property and finding new tenants.
Marketing real estate involves using social media and creating property listings. Your agent can reach out to applicants for their clients.
They may make recommendations to property owners that will increase curb appeal. For anything more, you will need to hire a full-service property management company.
Knowledge of Rental Property Risks
Rental leasing services require a strong understanding of landlord-tenant laws and housing regulations. That means knowing the various risks that landlords face and mitigating them as best as they can.
For example, landlords are legally obligated to provide a safe living environment for their tenants. That includes disclosing environmental toxins or hazardous conditions to renters. They may also want to include stipulations regarding pets, such as whether or not large dogs are allowed.
Invest In a Leasing-Only Service
A leasing-only service in Huntington Beach is a great way to handle your tenants and various properties. The key is to find someone with enough experience who understands the legal requirements of their job. They should also know how to market your property to find the best tenants.
Sail Properties provides property management services for the Orange County and Long Beach area. Our areas of expertise include real estate buying and selling, property management, and HOA management. Contact us with any questions and to find out how we can help your investment thrive.
