Traveling, watching a movie in a cinema and dining in a café are regular activities we’ve enjoyed up until a few months ago. Suddenly, everything came to a halt when a pandemic was declared by the World Health Organization’s Director-General, Dr. Tedros Adhanom Ghebreyesus.
Several industries are affected by the continued onslaught of COVID-19. People are instructed to stay home, practice social distancing and wear protective masks. Companies have also issued Work-from-Home orders to their employees.
Focusing on the rental business sector, landlords are not exempt from these effects. However, unlike other industries, property upkeep still requires physical presence. To accomplish this and comply with safety protocols, a landlord is expected to wear safety gear like gloves, masks and use hand sanitizers.
Any self-managing landlord will find their business being in the thick of a COVID-19 crisis a definite challenge. Their meager resources could eat up both his time and finances. For this reason, reaching out for support from a property management company can be a wise decision.
It’s ill-advised to sacrifice the safety of your tenants by ignoring precautionary measures because of a lack of resources. It’s also imprudent to overstretch your capacity to carry out the overwhelming stress of meeting additional demands.
A property management team is more competent and efficient in carrying out the additional responsibilities. They’re also able to perform a quick implementation of new policies and firmly enforce them.
You will experience the following advantages when you decide to hire the services of a professional property management team:
Solid Knowledge when it comes to State Laws, Evictions and Landlord-Tenant Laws.
Managing a property requires a property owner or self-managing landlord to be well versed with Landlord-Tenant laws, eviction laws, breach of contract laws and more. This isn’t only limited to state but also local and federal. New policies are enacted now and then and this means being updated to remain compliant with the legal aspect of managing and operating a rental property.
Hiring a property management team means you will always adhere to the new directives. You won’t need to research the specific number of days to send a notice and file a lawsuit in case your tenant fails to pay his rent. The property management team makes sure that you are always compliant with the due process.
Team of professionals who can cross-train and are able to responsibly manage properties even during a pandemic.
Managing a property requires multiple skills. You must learn how to effectively market your rental units. You must also know how to communicate well with a variety of tenants and remain professional when you hear complaints. Moreover, you’re expected to know how to conduct a proper tenant screening.
When you have a property management team, they have a variety of useful skills they can employ especially amid the COVID-19 crisis. They’re able to cross-train and not rely on a single staff. This means they can implement business-as-usual methods no matter what type of scenario they’re facing.
Team of professional contractors and handymen who will follow safety protocols to ensure the safety of tenants.
On your own, you might neglect to follow safety protocols or implement precautionary measures due to a lack of resources. These protocols are vital to keeping your tenants safe.
Working with a property management team ensures that your service standards will not be relaxed especially in this critical COVID-19 period. The team will see to it that hygienic practices will continue to be exercised. The health and safety will be prioritized above all.
Practices such as frequent hand washing, wearing of masks, donning gloves and disinfecting common areas in your property will be observed. The property management company does this efficiently. Should a virus spread occur, the team could halt its progress through the firm enforcement of precautionary protocols.
At a time like this, you don’t want to worry about fixing minor repairs at a tenant’s residence.
Since the virus is invisible and some of those infected may be asymptomatic, it’s much safer to stay indoors and limit outside exposure. If you’re a self-managing landlord, this cannot be an option since your tenant may need your presence in the rental unit if there’s a minor repair to perform.
Hiring a property management team will take off any stress since they can handle the complaints and minor repairs for you. They will be the ones to visit the tenant on the premises on your behalf. Most importantly, you are assured that they’ll do an excellent job of completing the repair.
Stay home, and let a professional PM Company handle the hard work for you.
The best way to protect yourself from being infected by COVID-19 is to stay home. This is one of the best reasons to obtain the services of a reputable property management company.
Property services will always be performed at an excellent standard. If there are conflicts and complaints to resolve, you won’t have to face them amidst the ongoing stress of the global pandemic.
Hiring a professional property management team means maximum savings in terms of time, money and energy. You can focus instead on your business without your rental property falling apart.
There’s inherent value in obtaining the services of a professional property management team. They can navigate their way around legal situations, keeping you protected. They have competent staff with solid skills and expertise.
They can set up and enforce efficient safety protocols. They will conduct the tenant interface leaving you with the safe choice to stay in while they manage your property and tenants.
Being a self-managing landlord is challenging even without a pandemic, nowadays being even riskier. If you wish to benefit from an outstanding property management company’s services, contact Onsite Property Management Services. We are committed to providing maximum value and keeping your property and tenants safe.