4 Reasons to Choose Full-Service Property Management in Folsom, CA

The real estate market in California is highly favorable to property owners. This is evident since the state's rental payments are higher than the national average, according to the Legislative Analyst's Office.

While investing in the housing market is a great way to earn money, the day-to-day management of rental properties can be a nightmare. Luckily, some professionals can provide you with full-service property management to maximize your rental earnings.

Learn four reasons why you need property management in Folsom, CA.

1. Efficient Rent Collection

The fundamental goal of professional property managers is to help you collect all rental income. Property managers have the experience and necessary expertise to write and enforce lease agreements.

Further, full-service property management incorporates automating the rental collection process, making it easier for your tenants to pay their rent. Additional comprehensive property services that enhance rental income include:

Effective screening to find reputable tenants
Reduced operating expenses
Maintaining open channels of communication with tenants

Property managers also possess different rent collection techniques to ensure non-compliant tenants pay their dues. They can draft and implement a clear rental policy that streamlines rent collection by including late fees and penalties.

2. Risk Management and Legal Compliance

As a property owner, you need to abide by various laws and regulations that protect your tenants. You may not be familiar with all the current and emerging laws in the state of California.

Property management services can help you stay updated on all the landlord-tenant laws. Some of the practices we follow to ensure you stay compliant include:

Efficient record-keeping and documentation of all transactions with tenants
Following legal procedures in eviction
Abiding by fair housing practices and avoiding discriminatory practices

3. Maintain Property Value

Like any other asset, real estate properties suffer depreciation over time. A critical full-service rental solution offered by property managers is maintenance and repair coordination. Our company provides a secure portal where you can submit your maintenance requests virtually.

We coordinate with our vendors to ensure that all requests are handled promptly. We also maintain open channels of communication with tenants to make sure your property stays in pristine condition. Doing so is the best way to protect your investment's value and increase your cash flow.

4. Give Your Property a Competitive Edge

One of the property management benefits you can enjoy by working with professionals is the ability to successfully navigate the housing market. We understand effective marketing strategies and can help you advertise your property to prospective clients.

We'll use our rental management expertise to utilize marketing techniques such as:

Segmenting the market and targeting the right clients
Building and optimizing your online presence
Leveraging our local networks to help you forge connections

Hire a Full-Service Property Management Company Today

Running your real estate portfolio is a challenging job, especially if you're trying to maximize your rental income. Luckily, that's where full-service property management comes in.

Residential Equity Management prides itself on having the expertise and experience as the leading property management company in Fulsom, CA. From tenant screening and maintenance coordination to rental collection and financial reporting, we do it all to maximize your rental earnings.