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Rental homes in Midlands are turning a big profit. Homes in historic cities all over the United States are being turned into Airbnb rental homes and making the property owners a lot of residual income throughout the year. When you own your home but don’t spend much time there, it can be frustrating to make monthly mortgage payments on something that you don’t live in but need available for when you do need it. People who must travel a lot for work often can turn their houses into rental homes.

Turning your properties into rental homes in Midlands is easier than you think. Many rehabbers love to get their hands on old historic homes and will often offer discounted work to help restore an old home. Often there are grants available for homeowners that wish to restore the historic value of the home and have it listed as a Historic Landmark. You don’t even have to find renters or maintain the property if you hire the right rental homes property management firm.

Rental homes in Midlands are hot on the market right now. Families want to be on the coast and still have educational benefits for their kids other than just wading in the ocean and baking in the sun. You may have a vacation home of your own on the beach that you only stay in a few weeks out of the year. If you could turn your beachfront property into a short-term rental home in Midlands and make a profit, wouldn’t you?

There are many benefits to owning a rental home. You can continue to grow your investment while making residual income and not having to do any of the grunt work yourself. Property managers in South Carolina love working with homeowners in Midlands due to the historic value and significance of the properties there. Contact Scott Properties today to see how you can start making money from rental homes in Midlands.

Property Managers are always swamped in reports, billing, invoices, maintenance, rent collection, debt collection, and many other things that make their lives feel chaotic and busy. Great property managers are able to be efficient and minimize headaches in order to make their lives, and the lives of their staff and tenants, much more manageable.

Reduce Paper-Based Process

One thing a property manager can do is avoid any and all paper-based processed. When you manage hundreds of units on a property, having papers scattered about the office and stacks of manila folders with renter information on them is not efficient or orderly. Being able to digitally access files and complete many offices processes online or through the company intranet is always a technology solution that property managers beg for.

Use Rental Software

Most properties are using software to manage their units such as AppFolio Property Manager, Yardi, Quicken Property Rental Manager, Buildium, Skyline and much more. There are nearly 100 different property management software available that make renting a breeze from having all of your accounting online, being able to pay rent online, showing occupancy and vacant units, managing payroll, maintenance records, and invoicing. The software is easy to use for everyone from the leasing agents to the Maintenance Manager.

Use SMS Messages

There are so many programs available now to send out mass texts and people are so attached to their phones, sending SMS messages to tenants and potential renters is the most efficient way to reach people. Make sure to have them sign up for message alerts themselves by checking a box on a tour card, or their lease. Property managers can set up automated messages three days before rent is due for a monthly reminder, send out information blasts about resident retention events, and even send out information about the property such as parking lot closure, pest control schedule etc.

Being a great property manager is easy when time management and efficiency is used hand in hand with technology. Scott Properties embraces a modern property management style.

Many renters are not sure whether they are renting from a property management firm or a private landlord. Some renters prefer one over the other, but commonly, large apartment communities are managed by property management companies, and single homes are often private landlords. However, increasingly homeowners are turning to property management companies to rent their single-family units.

One of the major benefits of a property management firm rental is that the property is usually managed in a more professional way. These managers full-time jobs are to manage properties and work for and with tenants. They know the rental laws backwards and forwards, are always knowledgeable on competitive market rent, and they usually utilize the latest technology and property management software to keep organized, keep accounting straight, and allow for more modern conveniences such as paying rent online, and submitting maintenance requests online.

Private landlords have the benefit of being more lenient in their leases. Many private landlords are easier to negotiate with when it comes to late rent or having pets. Private landlords may also be more likely to let you out of your lease early or make special concessions for you because they do not have to worry about treating hundreds of tenants equally.

Private landlords are more likely to make decisions emotionally while property management firms are always business minded and try to keep their professional image in mind at all times. A negative to property management firms are that they are sticklers for the rules. You will be paying that $50 late fee every month and you won’t get away with having a cat in your apartment or a move out inspection done.

In the end, property management companies are the best way to protect the tenants and property owner’s rights and ensure that all handlings are legal and professional. Scott Properties is the perfect property management company to handle your rental needs!

If you own a home and no longer live in it, you might consider renting the property to a family for extra income and to keep the space livable. However, becoming a landlord can be a large undertaking, full of headaches, especially when you are just trying to make some extra income on a house you don’t want to sell. Often times, retired homeowners will purchase properties in an effort to stay busy in retirement, but they don’t realize the litany of phone calls with maintenance requests, tenants crying about rent being late, or how terrible it would be to wake up in the middle of the night to hear about a burst pipe or sewage issue. A property management company allows for you to be the owner so all you have to do is approve spending and watch the rent money roll in.

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Here are some other ways a property management company can help you rent your home:

•      Hire quality tenants
•      More thorough background checks
•      Fewer legal problems
•      Handles all maintenance requests
•      Manages rent collection
•      Manages deposit collections
•      Can perform debt collection
•      Ensures shorter vacancy cycles
•      Recommend and manage property improvement strategies
•      Determine market rent and value
•      Marketing the property
•      Assist in tax preparation
•      Handles eviction notices and lease termination

A property management company’s goal is to help you have the most earning potential from your property. By hiring a property management company, homeowners can rest assured that their rental income is secure and that their property is being managed efficiently while they are away. Time is money and property managers can ensure that you are living your best life while still making a profit and being able to spend more quality time with loved ones and friends. Contact Scott Properties to see how they can make your dream of becoming a landlord easy.

Property Management and Pets

There are over 71 million households in America with pets. This amounts to 63% of households. Half of renters have pets and 35% of people don’t have pets solely because their landlords will not allow them. Property Management Companies often love dogs, cats and other pets personally, but they have to ensure that having pets on properties is not a greater liability that it is worth for them as far as insurance is concerned. There are also many local ordinances that control the number and breed of pets that renters and homeowners alike are allowed to have. Here are the things a property management company has to take into consideration when deciding whether or not to allow pets.

Becoming a landlord is easy today. Anyone with a decent credit score can buy an old house, fix it up and flip it or rent it. Many investors choose to rent those fixer uppers to bring in disposable income every month. However, once an investor gets on a role of buying and sprucing up homes, they may find themselves in over their heads with trying to be a landlord and also an investor. This is where a property management firm can come in handy. If you are trying to determine whether or not you should go with a property management company such as Scott Properties, ask yourself these questions:

1. 1. Do You Live Near the Property? 
3. The further away you live from the property the more time and money it will take to travel there frequently for maintenance issues inspections,
6. showing and marketing the property and much more.

1. 2. Are You Good with Stress? 
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3. It takes a special kind of person to deal with the constantly phone ringing, tenant issues, and collections that come with leasing a home to someone.
5. Can you handle a confrontation with or between tenants? Sometimes, in order to live our best lives, we must leave the stress to a professional.
7. 3. Are You Feeling Overwhelmed? 
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9. Sometimes people jump into things quickly without realizing what they are in for and can get overwhelmed. If you are already feeling this way about your property(s) the extra help in managing your rentals may be what you need to bring your blood pressure down.
11. 4. Are you Good with Record Keeping and Accounting? 
13. There are a lot of numbers involved in renting. A property management company has accountants that will handle your taxes, rent collection, debt collection, payroll, and invoicing. This can be a huge burden off of a property owner’s shoulders.

Hiring a property management company is usually the best choice for people who own multiple properties, live in another state than the property, or just don’t have the time or energy to deal with the stressors of renters. Scott Properties has years of experience in the industry and may be the right choice for your property needs.