About 10.6 million American tax filers earn income from rental properties (via Get Flex, a financial technology company). Are you now one of them? Congratulations!
Landlords have an average income of $97,000 a year. With full service property management in Duluth, MN, you can maximize your profitability to earn more!
Not sure if you need full service property care? Read on to discover the top property management benefits you can experience with help from a qualified team.
Understand the Local Market
Your experienced Duluth property managers will have a thorough understanding of the local market. Their experience and expertise can help you develop detailed, results-driven strategies.
For example, they can help you update your rental properties to make them more appealing to local renters. Upgrades that will boost your property's value include:
- Improved curb appeal
- New floors
- Fresh paint
- Lighting changes
- Modern backsplash
- New kitchen cabinets
- New kitchen appliances
- Smart home technology
These upgrades can give you a competitive edge in today's market. You'll have an easier time attracting renters, opening your tenant pool.
Your property manager will ensure you follow local, state, and federal housing regulations. Following these laws can help you avoid fines and legal trouble.
Their local expertise will help you complete a detailed rental analysis. This report will help you set competitive rental rates. Setting rates too high can deter renters, while setting them too low will cost you potential earnings.
With help from your Duluth rental management team, you can make informed decisions to ensure your success.
Tenant Management in Duluth
Rushing to choose renters can leave you with troublesome tenants who only add to your landlord stress. They may damage the property, sublet, or cause legal trouble. Your property management team can help you avoid these renters.
Their tenant screening services will ensure you review each applicant's:
- Eviction history
- Rental history
- Employment verification
- Credit score
- References
You can choose renters worthy of our trust (and worth retaining long-term). Tenant management in Duluth can help you avoid potential headaches. Your property manager will keep renters happy, boosting tenant satisfaction rates and lease renewals.
Duluth Property Maintenance
Keeping your properties in good shape now can help you avoid future costs. Your property manager will schedule routine maintenance. Their Duluth property management services can protect your investment.
Completing maintenance projects quickly will keep renters happy, improving satisfaction rates.
Streamline Duluth Rental Management
Experienced property managers use state-of-the-art software to streamline tasks. Their resources can save you valuable time and money.
For example, they can provide access to an online tenant portal. Using a portal will make communicating with tenants easier. With help, you can automate processes, reduce human error, and improve your ROI.
Request Duluth Full Service Property Management
Managing your Duluth properties alone isn't always productive. Instead, rely on full service property management in Duluth. Our experienced property managers can ensure your success.
PMI Lakeshore uses state-of-the-art technology that allows owners to track their properties' performance in real time. Trust our professional guarantees, comprehensive services, and local expertise to maximize your profitability. Contact us now for a free rental analysis.
