Your property can be an additional source of income when you reside somewhere else. Given that, when you are living abroad, it can be quite difficult to look after your property on your own. There’s a lot when you have a property lying alone at a different location. There can be problems with property maintenance, marketing, choosing tenants, or even looking for buyers. Hence, you must explore the benefits of Property Management in Broward county.

If you want to add more value to your property when you cannot take care of it, the property manager can offer the best help. This is why most real estate investors will offer you the same advice to use the management services.

1. Earning additional income from your property can be challenging. Experts know the best methods to follow in order to keep your property less vacant. While one cannot completely avoid the vacant durations, but professionals know how to get your property reoccupied by tenants. Also, they can help in determining the right price to rent the property. Sometimes, too high or too low prices also act as challenges to earn appropriate income from your property.
2. Every property owner wants to come across tenants who do not leave now and then. Rather, they must stay and spend a good time while following the needed requirements such as paying rent on time. Short-term tenants do not serve as a good source of ROI. There are several disadvantages linked to short-term tenants such as lost rent, interior maintenance, small repairs, and further going with the advertisement of next tenants. Experts will include a good tenant retention policy, where they stay for a longer period and you do not have to suffer monetary loss.
3. It is advisable that you do not come across a bad tenant, this is why screening is important. A property manager can help you with bad tenant eviction, but it is best that you do not invite any inconvenience in the first place. Hence, screening is performed to keep check of the past records of the individual who is about to use your property for their interests. This ensures a complete arrangement for good tenants or warning signs for their bad behavior.

These are three crucial things you must focus on if you are planning to rent your property while living away. These benefits are yours to own by working with our property management experts. Get in touch today.

Tenant screening is not an easy task. Look for expertise to make the right decision. And screening each candidate manually when you have your inbox flooded with the tenant application is exhausting. So, what should be your next step? It will be a prudent choice to look for the best Best property management companies. Now, the bigger question is: what difference will it make?

Prioritize Tenant Screening 

It is paramount to look for the right tenants to fill your units quickly. Screening the financial, rental, and criminal history of the potential tenant curtails the chances of choosing the wrong tenant. And doing so will serve you the following benefits: 

1. Finding the tents that pay rents on time.
2. Tenants who will not break the lease unnecessarily.
3. Increases the chances of finding the tenants who will stay longer.

So, you have to juggle and your household chores, and you are wondering how you can fit screening tenants in your schedule. Then, the best way to accomplish all the tasks on your to-do list is by outsourcing the responsibility. Hire the best property management company. But, bear in mind to look for the one which uses state-of-the-art technology to speed the process.

AI Tenant Screening – The Best Way of Tenant Screening

In the technology age, using age-old methods is no good. People want faster services, and property management companies look for higher profits. To suffice both, the companies have switched to AI.

AI filters your searches and predicts accurate results. The AI algorithm for tenant screening analyses the records in the database that stores all the information of more than 30 million leases.

A tenant screening solution with AI will help level the playing field for tenants, in addition to the financial benefits. 

Property managers and owners cannot refuse to rent based on sex, ethnicity, sexual preference, disability, age, gender, religion, color, familial status, or national origin under the Fair Housing Act (FHA).

Finally, the consequence of a tenant’s score is transferable. It has many benefits, including the access to monitor the lifetime value score of current residents in a house. Their score can fluctuate from year to year, and you can examine the shift to determine their viability as a tenant.

The Bottom Line 

Property management companies use AI, which helps them to expedite the process of tenant hunting. So, ditch the taxing idea of screening each tenant manually and say hello to AI.