Owning rental property is lucrative and allows you to maximize your income generation channels. However, it requires work to optimize your return on investment (ROI). Here are over 11 million landlords operating in the United States, and they all experience the same pain of filling vacancies.
At 3 Options Realty, most of these issues can be avoided by screening prospects before signing the lease. We have an experienced team of property managers with access to innovative screening technology, ensuring you end up with good, lasting tenants. If you have trouble choosing a suitable screening service for your rental property, here are things you should know to ease the hassle.
Landlords need to understand the tenant screening process and the benefits of hiring a professional property management company. The first step is getting the word out about your rental property to attract the right applicants. Once you have collected application forms from prospective tenants, screen them based on several factors: rental history, credit history, criminal background, and income verification.
Bad tenants are common, and screening reduces the chances of leasing your rental space to one. With nearly 3 million evictions across the country annually, our property managers can help you choose tenants who pay rent on time and adhere to lease regulations. Although screening takes time, especially if you have multiple vacant units, working with a professional screening service ensures everything runs seamlessly without compromising tenant quality.
3 Options Realty is committed to providing Georgia's best property management services. But in the unlikely event that a landlord…
Read More
Are you struggling to maintain multiple rental properties? Have you recently purchased your first real estate investment, but are feeling overwhelmed…
Read More
Most property management companies are designed around the departmental organizational structure. 3 Options Realty is much different and there are…
Read MoreMany screening services are on the market, making it challenging for first-timers and seasoned landlords to narrow down the best service provider. While online reviews are an excellent place to start your search, there’s more to it.
First, ensure the property management company offers the services you need. You may realize that screening is one of many required services, hence the need to check if they offer additional services. This information is available on the company’s website, but you can schedule a consultation before committing to any agreement.
Second, inquire how much experience the property managers have with the screening process and the success rate in the past. If a company has years in the industry, ask for references, so you ask the questions not answered on their service page. Many people make the mistake of relying only on online reviews, which doesn’t guarantee honest, third-party comments.
Finally, hire a team of professionals to handle the heavy lifting for a small fee. As an experienced property management company, we screen prospects, maintain your property, collect rent, maintain your property, and so much more. As mentioned, real estate is one of the fastest-growing sectors with many income-generating channels, and we can ensure the checks come in on time.
Now that you know the factors to consider when choosing tenant screening services, put these tips to use and watch your investment grow. Contact us at 3 Options Realty and schedule an appointment with our trusted property managers. We provide top-notch screening and property management services at competitive rates.
Property managers have many responsibilities, including regular maintenance and rent collection. A common concern tenants have is whether their authority extends…
Read More
When it comes to cash flow and the success of your rental properties, it all comes down to how effective your…
Read More
Owning rental property is a significant investment, and effectively managing it is key to its success. However, many owners don’t realize…
Read More
When a tenant leaves or terminates their lease, your revenue stream takes a hit. Turnover costs include all the expenses from…
Read More