The Top 6 Reasons Why MRA Should Manage Your Long Term Rental Property

Hire MRA for Southport Oak Island Property Management Needs
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With over 30 years of experience in coastal property management and long term rentals, Margaret Rudd & Associates, Inc., REALTORS (“MRA”) knows how to add value to your real estate investment while reducing the stress, time and money involved when property owners attempt to manage their properties themselves. Below you’ll find 6 great reasons to consider it for your property management needs.

 

Tenant Screening = Quality Tenants

One of the most important things to keep in mind when renting your property is the fact that a higher quality tenant usually means less hassle for you as the property owner. The MRA property management team conducts a thorough tenant screening process resulting in those tenants who are more likely to pay rent on time, for a longer term and who take better care of our rental properties. Our experience in screening thousands of applicants allows us to quickly notice potential red flags that result in aggravation. MRA protects landlords from potential discrimination lawsuits that can result from inconsistent screenings. Potential long term rental tenants undergo an application process that includes income verification, criminal background check, credit history review, and research into rental and/or ownership history.  

Tenant Retention = ROI Growth

A seasoned property management team helps keep tenants happy and loving their rental experience in your property, making it a “no-brainer” for them to renew your lease agreement. Tenant retention saves you from lost rental income suffered when your property is unoccupied. Not to mention, it saves you from the turnover process experienced when tenants move out. Turnover involves time-consuming and expensive aspects like thorough property cleanings, performing painting and repairs, changing the locks, marketing, screening potential tenants, and property showings. MRA prides itself on providing excellent customer service, your tenants are treated like loyal customers. Our team responds timely to issues and/or needed repairs, makes the rental process easier and communicates often with your tenants to make sure all is well.  

Just Say “No” to Legal & Financial Hassles

Are you well versed in North Carolina landlord-tenant laws? If not, you open yourself up to potential lawsuits in a variety of areas: tenant screening, property safety, evictions, lease terminations, security deposits, rent collection and inspections to name just a few. Margaret Rudd & Associates, Inc., REALTORS’ property management team stays abreast of landlord-tenant laws in North Carolina. As a company, MRA has carefully developed procedures throughout the process that save you from significant legal and financial headaches.  

No Vacancy

An empty property hemorrhages money and resources. Sometimes it gets hard “to see the forest for the trees” when it comes to managing your own property. MRA considers itself an expert at three key areas necessary when filling those vacancies faster.  
  • Help landlords identify cosmetic improvements that maximize revenue potential.
  • Determine an optimal rental rate for the local market.
  • Market the property effectively through traditional and online methods viewed by thousands.

Maintenance Made Easy

Margaret Rudd & Associates’ in-house maintenance department is skilled at fixing or repairing most of your day-to-day issues. Department response to tenants is quick and efficient, making them happier. To handle larger projects such as problems with plumbing or electrical systems, MRA has a strong network of licensed, bonded and insured contractors and third-party vendors who do quality work and repairs at great prices.   

Enforcement Made Easy

If you’ve handled property management on your own for longer than few months, you’ve probably already heard your fair share of reasons for why rent is late. Collecting rent on-time and maintaining cash flow is a big sticking point for landlords. MRA’s property management team provides landlords with a buffer between them and their tenants. Most tenants understand a property manager’s obligation to enforce the terms of a lease to collect rent on time. Tenants realize that it is the job and duty of a property manager so they are less likely to present excuses in the first place. Not to mention, Margaret Rudd & Associates, Inc., REALTORS understands the strict laws involved with lease termination and the eviction process. In the unfortunate event that an eviction is required, the property management team will handle the rough patch on your behalf.  

If you would like more information on how Margaret Rudd’s property management team can help maximize your long term rental investment, simply email longtermrentals@rudd.com or call our Long Term Coordinator at (800) 486-5441. To find out more about the rental process or to complete a potential tenant application, visit the Potential Tenant Information page of our website.