You became a rental property owner to dedicate your time and energy to maintaining your property. Even though you are a great property manager, you can't seem to find the right tenants.
Luckily, you can outsource some of your property responsibilities to a rental property company. A leasing-only service is a great option for landlords like you.
Keep reading to learn what a leasing-only service is in Charleston, SC, and how it can benefit you.
What Is a Leasing-Only Service?
A property management company can provide landlords with a leasing-only service. This service is designed for landlords who are great at handling day-to-day property management, but not finding quality tenants.
A leasing-only service handles everything from property marketing to the signing of the lease. Once the lease is signed and a tenant moves in, you take over and handle rent collection, repairs, and tenant relations.
In contrast, a leasing-only service will provide these services:
- Rental marketing
- Property showings
- Collecting rental applications
- Tenant screening and criminal background checks
- Preparing the lease and facilitating lease signing
Once these tasks are complete, the property management company will send the executed lease and funds to you.
Benefits of a Leasing-Only Service
Owning a rental property requires a lot of responsibility. By outsourcing some of your property management, you can focus on specific tasks. This partnership means you don't have to handle the administrative side of things.
A property management company helps income properties with leasing-only processes daily. They will be much more effective at finding the best tenants.
Some property management services come with a network of potential renters. They may also have a website that they will use to list your vacancies.
Property marketing and tenant screening are worth the fees to hire a leasing-only service for many landlords. These services provide a lot of value long-term.
Full-Service Property Management vs. Leasing-Only Services
Landlords sometimes confuse full-service property management and leasing-only services. Leasing-only services are exactly what they sound like. They focus on lease management and finding tenants.
Full-service property management involves everything you need to effectively manage a rental property.
If you are too busy with real estate investing, full-service property management could be right for you. You'll have more time to focus on investments and don't have to stress about managing rental properties.
To decide which approach is best for you, consider these factors:
- Property size
- Time availability
- Budget
Full-service property management will be more expensive than leasing-only because it provides more services. Either service will provide you with a return on investment over time.
Work With a Charleston, SC Property Management Company
Adams Properties powered by PMI is the ideal Charleston, SC property management company. We offer a range of services from full property management to a leasing-only service.
With over 20 years of experience, we are equipped to help landlords like you with any of your property management needs. We are dedicated to understanding your property and can create customized plans for success.
If you want to grow your investment, contact us today to get started.
