Are you a property owner or real estate investor in San Diego? Curious to learn about what a leasing only service is and how it can benefit you?
Making passive income through real estate has long been the dream for many.
In fact, it remains a prime motivator as to why a big percentage of people get into real estate investing in the first place.
However, it takes a village to raise a child. In other words, you'll need the assistance of others to help you. And that's where leasing only services can be of value.
Keep reading to learn more.
Leasing Only Service: What Is It?
A leasing only service is a tenant screening and finding service. Let's face it, time is your most valuable asset.
By opting for this service, you can save the time it would take to find tenants yourself.
When you employ a leasing only service, the obligations of the property are divided.
You manage the responsibility of the property once the vacancy is filled. And the property manager markets availability, finds and interviews candidates, and procures deals.
Essentially, you split the obligations.
The company you hire finds the tenants and you take over once the contract is signed.
As a San Diego real estate investor, the best leasing only service will save you time and find you a high-quality tenant for your property. In addition, outsourcing this responsibility will result in a nominal fee.
However, it's a small price compared to what you will gain.
One of the best leasing only service tips is to educate yourself on its advantages. Some of which include:
Time and Money
If you can save yourself both time and money, why not do that? This will allow you to concentrate on more important things that may need your attention.
Peace of Mind
You can rest easy knowing you don't have to worry about finding tenants for your San Diego property. This is just a weight off your shoulders and one less stressor that you have to deal with.
What Do Leasing Only Services Involve?
While there are plenty of benefits, this leasing only service guide would not be complete without sharing what's involved. And it's important to be aware of these variables.
You'll need to be:
- Update to date on the myriad of laws for San Diego property management
- Adept at dealing with difficult people and challenging situations
- Prepared to handle any liabilities
- Ready for potential maintenance costs
- Okay with relinquishing some control over tenant screening
If you can confidently handle these circumstances, then you're in a good position to hire (and strongly benefit from) a leasing only service.
Are You Ready to Try a Leasing Only Service?
Your time is limited and with rationed amounts of it to go around, conservation is key. That's where the value of a leasing only service really becomes paramount.
If you found this article of value and are curious to learn more, contact our office here in sunny San Diego for additional information.
With over 55 years of experience, our expert team here at Penny Realty is here to serve you.