In the quest to avoid long vacancy periods with your St. Louis rental property, you may be in a hurry to market your property, place a tenant, and begin collecting rent.
Changing property management companies can feel like a huge hassle. However, if you’re not getting the service and the value you expect, you should considering looking elsewhere for St. Louis property management.
Establishing and developing a respectful, trustworthy landlord-tenant relationship is essential when you’re renting out a St. Louis property. That relationship depends on clear, responsive, and proactive communication.
For some St. Louis rental property owners, the turnover process between tenants can take as little as 24 hours. For others, there are weeks and even months of repairs and renovations necessary in order to return the property to rent-ready condition.
Most St. Louis real estate investors know that vacancy can cost a lot of money. When your property isn’t occupied, you’re not earning any rent. You’re also paying for maintenance, upgrades, cleaning, landscaping, and extra security.
There are dozens of excellent reasons to hire a professional St. Louis property manager. One of the best reasons is when you’re living outside of the area. It’s difficult and stressful to manage an out-of-state investment property. You can’t run over there to respond to an emergency maintenance issue. You can’t drive by once in a while to ensure everything looks okay. Showing the home when it’s vacant is complex, and you’ll find it difficult to keep up with all the local and state laws that pertain to rental property.