With some of the safest communities and progressive labor practices in the U.S., it's no wonder New Jersey has ranked as the "Best State to Live In." It's also the "most mentally and physically fit state," according to WalletHub.
That's also why New Jersey continues to attract residents, particularly renters. Indeed, its rental market is now the second hottest in the nation.
So, it's an excellent time to be a landlord in South Jersey, NJ. But it's even better if you have an expert handling tenant screening and rent collection on your behalf.
A property management company can do all that and more for you. We'll talk about these in more detail, so read on.
Custom Rental Analysis
Correct pricing helps attract prospective tenants from your target market. By contrast, overpricing turns them off, resulting in extended vacancy rates. Underpricing also cuts into your profits.
When you hire a property manager, you'll work with a dedicated leasing specialist. Among their skills and responsibilities is pricing your rental properties correctly. They use their knowledge, experience, and accurate market data to achieve this goal.
Best of all, a reliable property management company offers free custom rental analysis. Take advantage of this to help rent your property quickly to the right people. You can also use it to set the highest possible (but still fair) rental fee.
Thorough Tenant Screening
A property management company finds high-quality tenants through comprehensive screening services. These include employment and credit history checks. These help them verify that applicants make enough income to pay rent and their dues on time.
Property managers also conduct lawful criminal background checks on each applicant. This is especially helpful if you don't have time to learn about the New Jersey Fair Chance in Housing Act.
Regular Property Inspections and Maintenance
Regular inspections and maintenance help keep your properties in highly livable condition. They let you catch and fix problems like roof or plumbing leaks before they worsen. As a result, you can maintain your property's value and keep your tenants healthy and safe.
Those tasks consume a lot of time, though, as you should do them multiple times yearly. And as a busy landlord, you likely don't have that time. Fortunately, you can delegate them to your property manager.
Timely Rent Collection
On-time rent collection is another service provided by a full-service property management company. They communicate with tenants and remind them about payments. Then, once collected, they deposit it into your account.
The best property management companies also have On-Time Rent guarantees. They guarantee you'll get the rental payments by the 10th business day of the month if the tenant pays by the first. If they can't, they'll give you that month's management fee back.
Partner With an Experienced Property Manager
From rental analysis to rent collection, these are just some services reliable property managers offer.
And at SoJay Property Management, our expert team is always ready to provide top-notch management services. We are a part of a larger company with over 20 years of experience managing over $5 billion of assets. You can count on us to help you maximize your New Jersey rental property income.
So, get in touch with us today! We look forward to providing your free rental analysis.