Over the last few years, Gatlinburg has proven itself to be a promising city for long-term property investments. The housing market is growing consistently, and house prices are holding steady despite high interest rates in the USA.
When you own an investment property in Gatlinburg, you can benefit from short-term rentals thanks to its close location to the Smokey Mountains, as well as commercial and residential properties due to the city's positive economic growth.
Once you've found your perfect property in this prosperous city, you need to figure out how to make it profitable. Read on to explore how a property management company can help you enjoy the best returns from your Gatlinburg investment property.
Why Hire a Property Management Company?
Regardless of the type of property you own, you will need to carry out several tasks to limit vacancies and attract tenants or guests.
Time constraints inevitably lead to things slipping through the cracks, which detracts from the appeal of your property and may even land you in legal hot water. For instance, if you don't uphold your tenants' rights to a safe, habitable residence, they can file a complaint against you.
As a real estate investor, you need to familiarize yourself with many other laws applicable to the landlord-tenant relationship. Over time, this array of responsibilities and legal obligations can become burdensome and stressful for most investors.
Some of the other complexities involved in managing a rental property include tenant screening, setting fair rental prices, and navigating Section 8 housing.
How Can a Property Manager Help You?
Property managers are well-versed in everything to do with rental properties. They know the latest Tennesse landlord-tenant and fair housing laws in great detail, so they're prepared if a tenant dispute arises.
They have the time to commit themselves fully to managing any type of rental unit, be it a vacation home, residential unit, or commercial property. Some of their services include:
- Property marketing
- Tenant screening
- Rent collection
- Cleaning and guest services
- Handling emergency repairs
- Property maintenance coordination
- Accounting and record-keeping
Their knowledge of local housing market conditions helps you set attractive rent prices and can help you grow your investment portfolio. Many property managers can assist you with eviction support when needed, as well as guidance at tax time.
Thanks to online property management portals, they communicate quickly with both you and your tenants and can attend to emergency repair requests promptly.
Get a Gatlinburg Property Management Firm on Your Side
As a real estate investor, you have everything to gain from working with an established, reputable property management company. Most investors can't keep up with the demands of managing their properties alone.
PMI Smokey Mountains can take a load off your hands and alleviate all the stress of owning a rental property. Our team has knowledge of managing their own investment properties.
We are backed by a franchise with two decades of real estate experience and are committed to providing the highest service levels to all our clients.
Speak to our team of experts about your property management needs today.
