Is Worth It?
Buying and owning real estate is an investment strategy that can be both satisfying and lucrative.
Planning on purchasing a property to rent it out? Looking after a rental requires time and effort and can quickly turn into a full-time job!
That’s why hiring Baan Wise property management company can be a great investment in your prosperity and well-being.
Here are six reasons you should hire Baan Wise to look after your investment property.
#1 Convenience
The number one reason many investors hire a Phuket property management agency is for convenience.
If you decide to manage rentals yourself, you’ll need to be available to advertise your property, organize viewings, interview prospective tenants, organize the move-in and move-out inspections and deal with maintenance repairs.
If you are a busy professional and prefer to spend quality time with your family and friends or live in another city or country, hiring a Phuket property manager can be extremely helpful. It will help you save time and money.
#2 Handling Complaints
Have you ever had to deal with upset or very demanding tenants? You know it may be hard to be diplomatic or polite. Tenants can be challenging to deal with and can turn your investment dream into a headache!
Plus, research has revealed that tenants expect a response to their request within two hours. Unless you want to receive calls at all hours and manage complaints within the hour, working with a Phuket property management company is one of the best options.
A property manager will be able to effectively handle complaints and make sure your tenants are happy and their needs are taken care of. Best of all, they will act as a cushion between you and your tenants, preventing you from having to deal with confrontations.
#3 Increasing Occupancy
Advertising your rental, organizing inspections, screening, and interviewing potential tenants takes time and effort. Why not offer your best to retain good tenants? That way, you’ll save time and money by reducing your vacancy rate.
Yet, keeping tenants happy throughout a tenancy is not always easy.
Baan Wise property managers are experienced in the art of keeping tenants happy. We are able to advise you, the property owner, on incentives you can offer to your tenants to keep them happy and retain long-term or returning guest occupancy for your property.
#4 Advising on Upgrades
As a property investor your goal is to maximize your ROI with your rental. Sometimes simple and inexpensive upgrades can go a long way in boosting the perceived value of your property.
The great thing about hiring Baan Wise property management is that they know exactly what renters are looking for when renting a property in Phuket.
Tenants can be quite demanding, and many would pay a premium to get access to specific amenities, including:
- A modern kitchen and smart appliances
- A modern bathroom with a double sink and a shower
- A well-maintained outdoor area
- A car space and additional guest parking
- In-unit or home amenities such as a dishwasher or a microwave
While working with Baan Wise management company can seem like an investment, it’s often a profitable one!
#5 Sourcing Quality Tenants
Sourcing quality tenants requires experience and expertise. We know how and where to advertise to reach and attract your ideal tenants and what to emphasize when showing them your property.
You might think that simply listing your property on a few platforms will do the job, but there’s actually a lot more to consider when creating an ad. It needs to be catchy, compelling, and feature high-quality photos and videos.
Baan Wise knows how to showcase your property in its best light and how to appeal to potential tenants. Once we have advertised your property and potential tenants are contacting us to view the property, we will be able to screen them too.
Screening tenants requires experience as you need to ask the right questions. This is critical because if you’re not careful, you could end up with bad tenants who are consistently late on their payments or damage your property, or worse.
#6 Setting the Right Price
Setting the right price for your rental can be challenging. Set the price too high, and you’ll deter potential tenants. Set it too low, and you’ll miss out on valuable income.
Working with an experienced Phuket property manager means that they’ll be able to advertise your property at the right price. And this will help attract prospective renters while maximizing your ROI.
Looking For A Stress-Free Rental Experience?
At Baan Wise we’ve worked with property investors for years and know exactly how to increase our clients’ rental returns.
Our talented team of rental experts will be able to leverage their experience and expertise to help you boost your returns.
Here are some of the things a Baan Wise property manager can assist you with:
- Advertise your property
- Source high-quality tenants
- Set the right price for your rental
- Organize inspections
- Collect rent and chase arrears
- Advise on easy upgrades to boost your ROI
- Handle complaints and maintenance issues
We know that investing in a rental property can be stressful, and our mission is to make your investment as smooth as possible for you and your tenants.
So, if you need help renting your property, don’t hesitate to get in touch https://baanwise.com/contact-us/