If you're getting started in real estate, one of the first things you must do is decide whether you need a leasing-only service.
Many types of leasing agents offer services that help investors attract tenants to their properties. However, choosing the right one requires considering several things beforehand.
Here at PMI Georgia, we give you the advice you need to become a better real estate investor. Keep reading to learn about the main things to consider when choosing a leasing agent!
Budget
Before hiring a leasing agent, it's prudent to consider your budget and narrow down your options. Doing so will help you save some time during the search.
To avoid limiting yourself, try to make your budget as flexible as possible. Leasing agents tend to offer a variety of services at different rates, so you won't have an issue finding someone that suits you. However, having a larger budget will ensure you get the most out of an agent's services.
Location
The location of your property will determine your options. Throughout Atlanta, you will find a plethora of property management services, but if your property is located in another city, you may need to find a service there.
If possible, try to find a leasing agent who primarily works in your property's neighborhood. This will not only ensure you get quick service, but their knowledge of the area will also help you when investing in other properties.
Services
Never hire a leasing agent before learning exactly what their services entail. While you may have a general idea, contact them to get specific details.
For example, if a leasing agent offers tenant screening services, find out whether they also handle the move-in process. If they do, working with them can prevent you from having to handle tasks on your own or outsource them to several people.
Properties
Many leasing agents can help you with both residential and commercial properties. However, if you can find someone who specializes in the type of properties you have, they may better assist you with building strong tenant relations and other tasks.
A great way to learn about an agent's knowledge is to ask them about local laws, which are different for residential and commercial properties. If they can't provide much information, it's best to continue searching.
Hire a Property Manager Instead of a Leasing Only Service
Now that you know the main things to consider when choosing a leasing-only service, we strongly encourage you to work with a rental property manager. Doing so will provide you with numerous benefits that will help you become a more successful investor.
Property management companies like PMI Georgia offer a plethora of services that you can take advantage of before and after renting out your properties. If you have properties in the Greater Atlanta area, you can have us handle everything without breaking the bank.
When you're ready to start earning more from real estate, contact us. We will provide all of the information you need about our property management services!
