Landlords are there to help you perform three crucial tasks, which will affect how long your property is vacant for. These are:
Prepare the home for rent- property managers will make suggestions and assist with making cosmetic improvements that will increase rental potential.
Help determine the maximum rental rate- If the rate is too high, you will be waiting a long time to get tenants. This means you will be losing money each month that that home is vacant. Figuring out the right price depends a lot on the knowledge of data, the local market, and having access to tools that can determine the rental rate for your specific property.
Create an effective marketing plan- Experienced companies have written numerous ads and they understand what needs to be said. They also know where they need to advertise to get the attention of more candidates over a shorter period of time. Added to this, they can usually negotiate lower advertising fees because they advertise large quantities of ads at a time. A property management team is also great at closing the deal for you.