Many people think of self-managing their rental property to save a few bucks. However, soon they realize that managing an investment rental can quickly become overwhelming. It can also be a time-consuming affair, especially if you have a career in another sector. Many investors own multiple rentals and find the task of managing them simultaneously quite taxing.
Technological innovations have increased over the last few years and have become imperative to the functioning of every sector. In the real estate market as well, adopting newer technology helps solidify your relevance. With smart tech like smart locks, meters, and online systems that are designed to make Santa Rosa property management more effective, the lives of landlords have become much easier.
The Santa Rosa area is one of the most popular places to buy investment properties in the state of California. Many people are increasingly buying vacation homes and rentals in the area due to the comparatively low taxes, pleasant weather, as well as the rapidly flourishing business sector in the city. As the real estate market in Santa Rosa is one of the most expensive ones in America, buying an investment property here requires a lot of planning.
Communication, to be effective, must flow in more than one direction. As your Santa Rosa property managers, we work hard to be responsive, available, and accessible to our owners and tenants. Whether you have a question about an invoice or your tenant needs immediate maintenance help – we’re here.
Retaining good tenants is an important part of maintaining your investment, collecting consistent rental income, and maximizing your ROI. Vacancy costs are expensive, and turnover costs are even more expensive. When your Santa Rosa rental property is unoccupied, you’re also stuck paying for things like utilities, maintenance, cleaning, and marketing.
You can be an experienced investor and still make the mistakes that are easy to make when it comes to Santa Rosa rental properties. New investors are in danger of pitfalls, too, and it can be demoralizing to run into problems when you’re just getting started.