Around 44% of landlords in the U.S. rely on a property management company to handle their investment rentals, highlighting their popularity.

Hiring a property management company has endless benefits, from opening communication with tenants and dealing with maintenance requests promptly. But if you've never considered the perks of hiring a property manager, you may not know whether they're worth the time or money.

Sounds familiar? If yes, you've come to the right place. Here are five reasons to hire a full service property management company.

1. Find Reliable Tenants

The biggest reason to hire property management services is to find reliable tenants. Property managers screen tenants by conducting thorough background checks, which includes looking at credit reports, references, and eviction history. Thanks to the company, landlords get peace of mind knowing that the tenant is trustworthy.

2. Opens Communication With Tenants

Tenants want to be heard, which is why they expect landlords to be available to gather feedback or respond to requests. This can be overwhelming for landlords who manage multiple rentals and don't have time to regularly check in with tenants.

Luckily, professional property managers ease this by opening communication lines. As a result, tenants are happier and far more likely to renew their lease agreement, which reduces the vacancy rate.

3. Handle Maintenance and Requests

A major element of real estate management is property maintenance. Requests can arrive at any time and, in worst-case scenarios, can be more complex than you expect. This explains why rental property solutions are valuable.

Property managers respond far quicker and have a list of local tradespeople who are reliable. Not only will it deal with the issue quickly, but tenants will feel happier knowing that you value and respect them.

4. Timely Rent Collection

Another reason to hire an investment property management company is because they collect rent on your behalf. Staying on top of rent payments can be time-consuming for landlords, which is where property managers come in. These professionals send reminders, collect late fees, and offer easy payment methods, streamlining the process.

If things go awry and you need to evict a tenant, the property management company will do this for you. Property managers understand the legal procedure and can navigate evictions efficiently, so landlords needn't stress.

5. Less Stress

Speaking of, outsourcing your property management needs is an easy way to alleviate stress. Dealing with daily tasks as a landlord is no easy feat, especially if you have a large portfolio and a demanding career. Instead of carrying the burden yourself, using property management services lets owners focus on other priorities while knowing that their investment property is in good hands.

Hire a Full Service Property Management Company Today

Hiring a full service property management company is key to regularly communicating with tenants and ensuring that monthly check arrives.

By working with a reputable company like Carolina Property Management, owners can rely on us to handle everything, from maintenance requests to tenant screening.

If you're have a rental in Charlotte, North Carolina, we'd love to hear from you. Contact us here to chat with a representative.