Is your beautiful Long Island, NY rental property currently vacant? You're not the only landlord struggling to find renters. According to US Census Bureau data, national vacancy rates in Q3 of 2024 reached 6.9%.
Allowing your rentals to sit vacant can cost you millions in potential earnings annually. Before that happens, consider requesting full service property management. Long Island property services can save you time and money while boosting your profitability.
On the fence? Read on to discover the top benefits of property management services!
Access to Property Management Experts in Long Island
Working with property management experts in Long Island gives you access to their experience and expertise. You can apply their effective, proven strategies to save time and money. With their help, you can remedy problems that are affecting your profitability.
For example, perhaps you're struggling to improve your occupancy rate. Your property manager may recommend upgrading the property. They'll select competitive, desirable upgrades to help your property stand out in today's market.
Efficient Property Management Solutions
Choosing PMI Gold Coast services gives you access to state-of-the-art property management software. For example, you can use an online tenant portal to allow renters to submit:
- Rent payments
- Maintenance requests
- Inquiries
- Documents
Using an online tenant portal will improve transparency between you and your tenants. This can boost tenant satisfaction rates, making retention easier. Improving your retention rate will save you time and money when finding and screening renters.
Fill Vacant Properties
Applying efficient property management solutions can help you find great renters faster. Your property manager can develop a detailed marketing strategy. Digital strategies include:
- Content creation
- Search engine optimization
- Paid advertising
- Email marketing
- Social media marketing
- Video marketing
These strategies will improve your online visibility. You'll have an easier time directing potential renters to your listings and opening your tenant pool.
Screen and Retain Renters
While rushing to fill vacancies, many landlords fail to thoroughly screen applicants. Unfortunately, about five million US households are behind on rent. The average arrears is over $2,000.
Selecting these renters will affect your profitability. Instead, rely on Long Island property services. Your property manager will screen applicants by reviewing their:
- Credit scores
- Rental histories
- References
- Eviction histories
- Employment
- Criminal background checks
This information can help you find renters worth retaining. Remember, retaining renters will improve your occupancy rate and ROI. Meanwhile, you'll have peace of mind knowing you've selected reliable renters.
Maintain Your Properties
Your property manager will schedule regular inspections and maintenance to confirm your property is in good shape. These services can save you time and money. If the property falls apart, it could deter potential renters.
Request Full Service Property Management
You no longer need to manage your Long Island rental properties alone. Instead, request full service property management with PMI Gold Coast Properties. Relying on our efficient property management solutions can boost your earning potential.
Ready to experience these benefits of property management firsthand? Our state-of-the-art software will give you access to how your properties perform in real time.
Trust our commitment to increasing value through communication, efficiency, and accuracy. Contact us now for a free rental analysis.
