Investing in real estate may seem easy, but managing a rental property is a whole different ball game. The responsibilities can quickly become a full-time landlord job that consumes your precious time and energy. Your real estate investment is meant to free up your time, not take it away.

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So, how exactly can real estate investing be hands-off and stress-free for busy investors?

That’s where the best property management companies come in place. Property management simplifies the lives of investors by handling the daily responsibilities of property ownership. Our services make it as hand-off as possible for investors. Whether you’re a local or an out-of-state investor who wants to invest in Toledo, OH emerging real estate market, hiring a reliable property management company is your ticket to stress-free real estate investing.

Benefit #1: Efficient Tenant Screening and Selection

Thourough tenant screening by local property managers.

Do you know how to find reliable tenants who will take care of your property?

Finding the right tenants is one of the most crucial steps to real estate investing and a challenging responsibility for property owners. You need time to review numerous applications, conduct background checks, and verify references. But even with all of this involved, you must know the red flags to watch throughout this process.

If you’re inexperienced in managing rental properties and taking it on yourself, you’ll probably end up dealing with a few costly tenants.

The application and screening process can be taxing, not to mention the constant worry of whether these applicants will be responsible and will treat your property with the respect it deserves.

At Oz Realty, our professional property managers are dedicated to conducting a thorough pre-qualification process, during which we review applications, conduct background checks, and verify references before tenant placement. We only accept tenants that meet our qualification criteria to ensure our investors have the best chances of securing high-quality tenants on their rental properties.

But why is it so important to screen tenants?

Rental properties are in high demand, especially in the Toledo area, where Ohio is set to be a part of a new golden age for U.S. manufacturing. That means more jobs and prospective tenants for investors in the Toledo area. As an investor with significant financial investment in rental property, tenant screening should be one of your high priorities. You want to find reliable tenants who pay on time and help preserve and maintain its value over time. A tenant who cares for their rental property will increase your long-term returns.

We’re sure you’ve heard the landlord’s horror stories when tenants have trashed their rented property. It’s a big fear of most investors.

You can help mitigate the risk of bad tenants by hiring a Toledo property management company that screens you. As experts with extensive experience screening tenants, we have a keen eye for finding a good tenant.

Our experience means we are skilled at separating the good tenants from the bad ones. We have a curated checklist that all tenants must meet, and that helps us select occupants who not only pay their rent on time but treat your investment property like it were their own.

Benefit #2: Effective Property Marketing and Advertising

Marketing and Advertising of new property by property management team.

Time is money, and that statement could never be more true when you have a vacant rental property and are looking for a new tenant.

Effective property marketing and advertising will attract a larger pool of potential tenants, increase the likelihood of securing high-quality applicants, but also make sure this happens fast. At Oz Realty, we are proud to brag that, on average, it takes us just four weeks to secure a new tenant.

Marketing your rental property is the key to attracting dependable tenants and filling vacancies swiftly. But most self-managed landlords don’t have access to the tools, marketing resources, or expertise that a property management team has.

Market Knowledge and Effective Pricing Lead to Faster Leasing

Property management companies have a deep understanding of the local rental market and trends.

At Oz Realty, we stay up-to-date with the latest market conditions, rental rates, and tenant preferences so we know how to position your property to maintain competitiveness. We leverage various marketing channels, including online platforms, listing websites, and rental marketplaces, to reach a wide audience of potential tenants. Our team composes captivating descriptions, professional photographs, and even virtual tours. These strategies attract more inquiries and generate greater exposure for your property.

The faster we lease and the higher rent we achieve, the higher your returns will be.

Benefit #3: Managed Rent Collection and Financial Management

Ensuring tenants pay rent on time can be challenging while handling late payments is time-consuming and uncomfortable. Once you’re in a position where you’re tracking and managing multiple rent payments across different properties or tenants, the administration requirements quickly become overwhelming without an efficient system.

Self-managing your rental requires accurate financial records, including income, expenses, and repairs. Does that sound like passive real estate investing?

But why do it all if you have reliable local property managers who expertly do it? Having a property management team handle rent collection and financial management of your property is worth every penny.

We have established clear and transparent rent collection procedures, providing tenants convenient payment options and setting clear expectations regarding due dates and late fees. Our team handles all communication related to rent payments, following up on any delinquencies and taking necessary actions to ensure timely payments.

As with other investments, accurate record-keeping is essential for your rental properties. We maintain detailed financial records, documenting rental income, expenses, and transactions through an online software – AppFolio. This approach helps our investors stay organized and provides a comprehensive view of their property’s financial performance.

Benefit #4: Property Maintenance and Repairs

Reliable maintenance team for your rental business in the toledo area.

As an investor, would you like a happy and satisfied tenant while keeping your property in the best possible condition for long-term use? If you answered yes, then ensure that your property receives routine maintenance and prompt attention to necessary repairs.

Maintaining your rental property is important for:

  • Retaining current tenants.
  • Creating a better experience for your current tenants.
  • Attracting high-quality tenants in the future.
  • Extending the lifespan of your property.
  • Increasing the property value.

Saving you money over time by preventing bigger maintenance issues that will cost even more.

Handling Maintenance Requests from Tenants

Can you imagine being woken up in the middle of the night by a tenant in a state of panic because their apartment is flooding and they need a plumber immediately? What if you are out of town or unable to respond? If you can’t picture yourself responding to this kind of complaint, then hiring a team to manage your property is a must.

Get a good night’s sleep without being bothered by complaints from tenants by letting Oz Realty handle that for you.

Our Toledo property managers respond promptly to maintenance issues, ensuring timely resolutions through our network of trusted contractors and maintenance staff. With emergency support, a property manager takes charge of midnight emergencies, alleviating property owners from the stress of urgent repairs.

We escalate our service through proactive maintenance strategies, preventing issues before they escalate and saving property owners from unexpected emergencies. Fewer repairs are better for our investors and better for our team.

Get Lower Costs Due to Economy of Scale

At Oz Realty, we understand the importance of cost savings for our investors. That’s why our Toledo property management services go beyond just efficient management – we work diligently to get our investors better deals and lower costs.

How do we do it? By leveraging our extensive network and economies of scale.

Do you know how much it costs to hire a plumber for a clogged toilet? How about the cost of changing locks? We do. Our team knows the market rate for common maintenance and repair costs, so we can ensure our clients get the best deals.

Because we manage a diverse portfolio, we have formed strong relationships with tradespeople, suppliers, and contractors. Our network allows us to negotiate discounted rates and favorable terms, guaranteeing investors receive maximum value from their dollars spent on repairs and maintenance. By consolidating multiple properties’ needs into one purchase order, we can secure volume discounts on materials and services which directly translate into savings passed onto our investors.

Benefit #5: Time and Stress Savings for Property Owners

Stress-free investors enjoying the time freedom from passive investing.

The property management process can be time-consuming and stressful for investors; at Oz Realty, we provide professional property management services that alleviate these problems and allow our clients to become truly passive investors.

Your time is valuable, so we’ll handle all the details of managing rental properties for you. From marketing and tenant screenings to rent collection, maintenance requests, and repair requests – our professional team takes it on so you can focus on what matters most.

Where do you think your time is best spent?

Save time and stress so you can focus on personal pursuits and, most importantly, grow your property portfolio. You can amplify your portfolio and returns by taking a step back from managing your rental properties.

At Oz Realty, we aim to make property ownership as simple and enjoyable as possible. We take great pride in offering superior property management services enabling property investors to reach their personal and investment goals more successfully.

Benefit #6: Property Management Services Make Remote Investing Possible

Over 90% of our investors entrust us with their properties without ever setting foot in Toledo, Ohio. From the “ground up,” our company has perfected the model of working with out-of-state investors. Our property management services are designed to make remote investing not only possible but also profitable and stress-free.

Enjoy hassle-free investing from anywhere, and let us handle your high cash-flow properties here in Toledo. Our knowledgeable property management is your man on the ground, ensuring that your investments make you money. We take great pride in our track record of delivering excellent service to our investors.

Do you want to invest in Toledo for worry-free passive income but don’t know where to start? Our partner, Ohio Cashflow, a reputable turnkey provider, will assist you throughout the entire investment process, delivering you a tenanted investment property without you ever having to step foot in Toledo, Ohio.

Do you already own a rental property in Toledo? Let us help you improve your asset and reduce stress so you can focus on growing your portfolio.

Get Property Management Services You Can Trust

Oz Realty is your trusted partner for property management in Toledo. Our commitment to excellence, personalized approach, and extensive industry expertise set us apart as the top choice for investors seeking a stress-free and profitable property ownership experience.

If you’re tired of the time-consuming and challenging aspects of managing your rental properties, let our dedicated team handle them for you. With our comprehensive services, we take care of the details so you can focus on what truly matters to you.

Don’t settle for anything less than the best. Contact us today, and let’s begin a long-term partnership with a property management team that has your best interest in mind.

About the Author

Kelsey Heath

Kelsey Heath is a real estate content specialist with an extensive background in residential, industrial, and commercial property. She has been involved in the industry for a decade as a professional and personal investor, gaining a deep understanding of the market and trends. With a passion for written communication, Kelsey loves helping people understand the sometimes-complicated concepts behind real estate and is now a sought-out guest and ghostwriter.

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