Just 25% of Lake Havasu's properties are renter-occupied, but it remains a desirable place for property investors.
To be a successful landlord, you need great tenants. When you have a tenant who respects your property and pays rent on time each month, your job is a lot less stressful. Conversely, poor tenants become a major source of stress with the only solution being eviction.
The tenant selection process is a crucial part of your life as a property owner. If you've gone through too many tenants in the past, it might be time to use a leasing only service. Keep reading and we'll explain leasing only services for landlords and the benefits of property leasing.
What Is a Leasing Only Service?
In short, a leasing only service helps you find great tenants. To find a great tenant, you need to market your property to appeal to the largest number of Lake Havasu tenants, of which there aren't always very many.
Once you have applicants, you need to screen them using criminal background and financial checks. To ensure they're a good character fit for your rental, you should also speak to applicants' references - past landlords, employers, etc.
If this sounds like a lot of work, that's because it is. Leasing services for landlords tackle the entire process for you.
Often, they have a pool of potential tenants who are already vetted and ready for your unit. If someone isn't standing out, they'll do everything mentioned above to ensure you get the best possible tenant to maximize your rental income.
Benefits of Property Leasing
There are countless benefits of property leasing services.
Firstly, they're experts in property marketing and tenant selection. Whether you're new to property ownership or you've had trouble finding tenants, you likely don't have the same standards as a leasing only service. They employ competent and trusted professionals to carry out all aspects of marketing and screening.
Part of the process is adhering to landlord-tenant laws in Arizona. The Fair Housing Act ensures that landlords don't discriminate against applicants based on things like race, color, religion, nationality, and a variety of other factors. A leasing only service understands these laws and ensures you're doing everything the right way.
When you end up with a great tenant, you can enjoy a stable rental income because good tenants pay on time, every time. In addition, they'll care for your property so that it remains a strong asset both in the short and long term.
Improve Your Property Investing Strategies with a Leasing Only Service
Choosing a leasing only service will revolutionize your life as a landlord. Never again will you have to worry about oversights in the tenant selection process or the hassle that results. With a property manager like PMI Lake Havasu on your side, you can enjoy higher rental income with much less stress.
We're one of Arizona's top property management services, offering comprehensive assistance that includes leasing. To learn more about what we do, don't hesitate to contact us today.
