The excitement of securing an investment property can dissipate if you face the prospect of that home lying empty. Securing tenants is a crucial part of the process, and the sooner you do it, the sooner you begin to earn money.
That's why landlords choose to get help. Read on for more information about a leasing-only service, what it is, and why it could benefit your property portfolio.
What Is a Leasing-Only Service?
When you own a property, you have the job of finding and securing a tenant. A leasing-only service will take that challenge off your hands. That includes property marketing and listing.
They'll also arrange viewings for interested tenants. The service may also include tenant screening and overseeing the admin when finalizing the lease agreement.
It's a professional approach that lets a property owner step back from the worry of securing tenants once they've made a real estate investment.
The Main Benefits of a Leasing-Only Service
So, what are the main advantages of leasing management? Here are some of the benefits and why many landlords choose this route.
It's More Cost Effective
Your time is valuable, so doing things yourself doesn't necessarily mean the task is cost-free. With a leasing-only service, you have someone who can do the job most cost-effectively and efficiently.
The service is also a one-time fee, so the expense is easy to calculate when preparing your real estate financial reports. You won't need to worry about ongoing costs or hidden fees.
It's Faster
Real estate agents have already streamlined the leasing process. They know how to list a property, the best places online to list a Texas property, and the correct steps to arrange tenant viewings.
The same is true for tenant vetting. This efficient approach saves you time; you won't have to figure this out from scratch. Time savings equate to higher profits, which means you'll rent your property sooner.
You Get Property Marketing Know-How
It takes time and experience to figure out how best to market a property. It's not as simple as adding it to listing websites.
You must know how to write a punchy and keyword-rich property description, take eye-catching photos, and target the right audience. A leasing-only service provides access to real-estate marketing experts, giving your property the best chance of standing out from competing homes.
They Can Help With Tenant Screening
As part of a leasing-only service, you can access the most sophisticated approach to tenant screening services. That's important because if you don't do comprehensive background checks, you could end up with a bad tenant who damages your property and costs you money. It's better to tap into the expertise of real estate teams who can do this for you.
A Leasing Only Service: the Simple Solution for Your Property Empire
Don't go it alone with your rental management. The expert help of a real estate team via a leasing-only service can make a measurable difference in your success and make it easier for you to grow your property business.
At Blue Ribbon Property Management, we can quickly secure a high-quality tenant for your property. Find out more about our leasing services in Texas here.
