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Why you still need a property manager even if your rental unit is new

Why you still need a property manager even if your rental unit is new
Income guaranteed even before we find your tenant
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As a landlord, you might think that owning a newly constructed or recently renovated rental unit means you can skip hiring a property manager. After all, new units are less likely to have maintenance issues, right? While it's true that newer properties may require less upkeep initially. We hear this from customers or people inquiring about Doorstead a lot. Even as an owner of a brand-new or like new unit, you still stand to benefit greatly from using a seasoned property manager.
There are still many compelling reasons to work with a professional property management company like Doorstead, regardless of your unit's age.

1. Tenant screening and placement

One of the most crucial aspects of being a landlord is finding the right tenants for your property. A property manager has the experience and resources to thoroughly screen potential tenants, conduct background checks, and verify income and employment. On average, Doorstead conducts hundreds of showings on its homes each week to lease homes quickly.This process helps minimize the risk of late payments, property damage, and evictions down the line, ensuring a smoother rental experience for both you and your tenants.

2. Rent collection and financial management

Collecting rent and managing finances can be time-consuming and stressful, especially if you have multiple units or live far from your rental property. A property manager takes care of these tasks on your behalf, ensuring that rent is collected on time and that all financial transactions are properly documented. They can also help you optimize your rental pricing based on market trends and provide regular financial reports to keep you informed about your investment's performance.

Annually, we manage an average of 63 tenant interactions (emails, calls, and maintenance requests) on behalf of our owners. This saves owners countless hours and spares them unnecessary headaches. You'll be in good hands with Doorstead!

3. Compliance with local laws and regulations

Navigating the complex world of landlord-tenant laws and housing regulations can be challenging, even for experienced property owners. A property manager stays up-to-date with local, state, and federal laws, ensuring that your rental unit remains compliant. This includes handling security deposits, providing proper notice for inspections or repairs, and adhering to fair housing laws. By working with a property manager, you can minimize your legal risks and protect your investment.

4. 24/7 Emergency support

Even if your rental unit is new, emergencies can still happen. A burst pipe, a malfunctioning HVAC system, or a lockout can occur at any time, and tenants expect prompt assistance. A property management company like Doorstead offers 24/7 emergency support, so you don't have to worry about being available around the clock. This level of service not only provides peace of mind for you but also helps maintain positive relationships with your tenants.

5. Proactive maintenance and preventative care

While new rental units may have fewer maintenance issues initially, it's essential to keep the property in top condition to preserve its value and attract quality tenants. A property manager can help you develop a proactive maintenance plan, scheduling regular inspections and repairs to identify and address potential issues before they escalate. This approach can save you money in the long run and extend the life of your investment.

Owning a new rental unit is an exciting opportunity, but it doesn't mean you should forgo the benefits of working with a professional property management company. By partnering with Doorstead, you can ensure that your investment is well-maintained, compliant with local laws, and occupied by reliable tenants. This allows you to enjoy the rewards of being a landlord without the day-to-day stress and responsibilities of property management. Have more questions or concerns? Speak to our team now, we'd love to help! 

Ally Gong
Ally Gong
Content Specialist

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