Ways a Property Manager Can Increase the Value of Your Property
Hiring a property manager is often a smart move for real estate investors looking to maximize the value of their properties. Property management companies offer a wide range of services that can help landlords effectively manage their rental properties, from marketing and leasing to maintenance and rent collection.
By entrusting the day-to-day management of your investment properties to a professional company, you can increase the value of your property, allowing you to also raise your rent. Here are some of the ways that a property manager can increase your property’s value.
Property Management Services Simplify Maintenance
Property upkeep is an essential part of increasing your property’s value over time. Regular maintenance and repairs can help prevent small issues from turning into major problems, reducing the need for costly repairs down the line. As a property owner, you may not be located in the same area as your property and may be unfamiliar with reliable maintenance providers. That’s why Kanga Property Management has a list of qualified and licensed vendors in the area to handle your property’s maintenance needs effectively and efficiently.
Neglecting property upkeep can lead to a decline in property value, as potential tenants may be put off by the property’s condition. Property managers can preserve your property’s value and attract high-quality tenants who are willing to pay higher rent for a well-maintained property.
When you enlist the services of Kanga Property Management, you rest assured that you’ll be able to resolve all maintenance issues as quickly as possible. When your tenants fill out a maintenance request, we’ll promptly advise you on troubleshooting the issue. In the unfortunate event that you need external maintenance assistance, you can count on us to connect you with qualified and licensed maintenance technicians who are also affordable.
Property Managers Can Provide Exceptional Service in Finding Quality Tenants
Finding good tenants is crucial for increasing your property value. Experienced property managers can screen your tenants and provide you with background and financial checks to mitigate the likelihood of renting to bad tenants.
Good tenants are reliable, responsible, and pay rent on time, ensuring that you receive a steady income stream. They are also more likely to take care of the property and report any maintenance issues promptly, reducing the likelihood of major repairs down the line.
On the other hand, irresponsible tenants can be a drain on landlords, causing damage to the property and creating headaches with late rent payments or eviction proceedings. Additionally, a bad tenant can hurt the overall atmosphere of your rental property. You don’t want a tenant who causes commotion and disturbs the neighborhood, as this will make your rental property less desirable for other potential tenants. That’s why Kanga performs detailed screenings on every potential tenant. We perform both background and financial checks to identify possible problematic applicants and only move in the best tenants.
With Kanga Property Management, you can reduce the amount of time it takes to fill your vacancies and can rest assured that we’ll find you the best tenants possible, increasing your property value and ensuring that you receive the most money for your rental investment.
If your tenant leaves, we’ll immediately get to work marketing your property and finding you a new renter. Plus, if we approve a tenant who doesn’t work out within six months, we’ll find you another tenant for free.
Enhance Your Investment Portfolio with Property Upgrades
Property managers can be a valuable resource for identifying ways to upgrade your property and increase its value. They have a deep understanding of the local real estate market and can provide insight into what features and amenities are most in demand, ultimately making your property more valuable. For example, they may suggest energy-efficient upgrades, such as new insulation or solar panels, which can lower utility costs and make the property more attractive to environmentally conscious tenants.
An experienced property management team can also recommend cosmetic upgrades, such as painting or landscaping, that can enhance the property’s curb appeal and make it more desirable. Plus, they can help you navigate the renovation process, providing guidance on hiring the best available contractors.
Get an Excellent Owner Portal and Other Unique Benefits with Kanga Property Management
As you make decisions and invest in your property to increase its future value, it’s essential to stay up to date about its market price. Fortunately, Kanga Property Management provides clients with great market research tools, empowering you to stay on top of your property value and set your rent at an appropriate rate. With Kanga, you have access to our convenient Owner Portal, where you get an instant look at your property’s finances.
If you’re looking for a property management team in Palm Beach or Broward County that can help you increase the value of your rental property, consider partnering with us today. Learn more by calling (877) 589-3591 or contacting us online here.