Why Summer Is the Ideal Time to Hire a Property Management Company

Working with a professional property management company helps landlords keep their investments in check. You may not have the time to keep up with all the demands of all your properties, so hiring a management team takes the weight off your shoulders and ensures you find the best tenants with minimal periods of unoccupied properties. 

Having a property management team at any given time is beneficial but especially important during the summer. More than half of all moves occur during the summer, so having the extra help can alleviate your responsibilities and stress.

Summer Is Peak Rental Season

Generally speaking, people are most likely to rent properties during summer.

Because children are off of school during the summer months, it’s the most convenient time to relocate. There’s also a noticeable increase in demand for short-term rentals during summer for vacation purposes. Coupled with good weather conditions that make moving and unpacking easier, summer is a popular time for renting properties. This can be an overwhelming time to keep up with property maintenance and tenant turnover.  

Summertime is when most leases end, meaning there will be tenants moving in and out of your properties. A property management team ensures you’ve got someone new lined up to move in immediately. Without this help, you could experience months of vacant properties and fail to capitalize on the summer rental frenzy. 

Greater Demand for Maintenance and Repairs

Summer is also a fantastic period to conduct regular maintenance and repairs. Doing so allows you to keep your property in mint condition, receive better tenant feedback, increase the rental price, and ultimately make more money. 

Homes also have to be prepared for fall and winter weather. Summer is ideal for roofing checks, boiler tests, etc. Having a property management company means someone will stay on top of real estate-related responsibilities that might otherwise slip through the cracks–and you won’t even have to lift a finger. 

This is known as proactive maintenance, which is when improvements are made before anything gets damaged. Property management companies handle the inspections and have a maintenance team on hand, freeing up your time and energy.

Frequent Tenant-Landlord Communication Is Necessary

Clear communication between tenants and landlords is crucial to ensure everyone is on the same page and understands their responsibilities. It’s even more critical during the move-in and move-out stages.

A property management company can act as the first line of communication between tenants and landlords. At Rooftop Rentals, we use online portals to ensure landlords and tenants can easily communicate with one another. Within the portal, you’ll find all the latest tenant updates, such as when a new person is moving in, any requests they’ve made, and more. When the communication between tenants and landlords is strong, there’s a greater chance of everyone being happy. Your tenants are likely to stick around for longer, as they feel heard and listened to. There’s also less of a chance that your will tenant break the rules and damage your property.

Ultimately, good communication benefits both parties by: 

• Making tenants aware of their responsibilities and obligations
• Helping landlords identify and repair issues on-site before they escalate
• Preventing unnecessary conflict, resulting in trust between both parties
• Improving tenant satisfaction, as they feel their landlord cares about them

Summertime Generates More Transactions

The business of summertime in the rental world means you’re going to generate more transactions than at any other point in the year. In addition to monthly rent for year round properties, you could also have additional rent from any holiday homes you’re leasing, safety deposits coming in from new tenants, and so on. 

Property management companies can help you handle all of these transactions. This will ensure tenants pay on time and save you the trouble of unpaid or late rental fees. Chasing outdated payments means your cash flow suffers. The costs can pile up and be hard to track. 

A property management firm will help you track everything by using consistent reminders, following up with tenets, and offering various payment options, including credit cards, checks, and more. There’s been a 59% increase in paying bills using credit cards over the last few years, and a tenant is statistically more likely to pay on time every month if you allow this. 

Moreover, property management companies are constantly researching local areas to be sure you can maximize your rental income. We’ll ensure you have the best rental prices to make the most money.

Many landlords worry about paying fees to property management agencies, but we only take 10% of the month’s rent. Our fee structure is unique because the 10% we charge includes all the extras like leasing fees, admin fees, advertising, and more. 

Property Management in Southern Idaho

Hiring a property management company in the summer is beneficial because it allows you to capitalize on the peak rental season, complete all necessary maintenance, maximize rental earnings, and ensure excellent communication with tenants throughout their stay.

If you’re looking to hire a professional property management company in Southern Idaho, contact Rooftop Real Estate Management today. We’ll help you with all aspects of property management to ensure your investments are looked after so you can relax and enjoy the profits.