Savannah, GA, is a great place for an investment property. However, property prices are currently creeping rather than surging upwards. A year-on-year comparison between March 2023 and 2024 shows that the median sold price only rose by $900.
That means that now more than ever, investors need to take good care of their properties to protect their investments. Working with a property management company is the ultimate hands-off solution. It could help your investment property to continue rising in value while bringing in a regular income.
Let's find out how that works.
Tenant Screening
Great tenants will care for your property like it's their own. You won't have any issues with rent collection, and they will keep the place clean and the yard tidy. They will also let you know when maintenance issues arise.
Bad tenants, on the other hand, will not do any of these things. They may trash the property, meaning it will require a complete facelift (at best) if you can ever get rid of them. Eviction proceedings may be relatively cheap in Georgia, but the hidden costs can be astronomical.
Property management companies undertake rigorous tenant screening to help you find tenants who will pay and stay. This includes conducting permitted background and reference checks to weed out tenants who would damage your property ROI.
Maintenance and Repairs
All Savannah homes are governed by the Chatham County Guidelines for Property Maintenance. Its requirements include:
- Keeping vegetation outside the home under control
- Accessory buildings must be kept in good repair
- Litter and debris must not be allowed to accumulate outside the home
If you are an out-of-town landlord or it's not your full-time job, monitoring your investment property can be a hassle. A property management company is well-placed to inspect the property regularly and make sure you meet your legal obligations.
The company can also schedule and carry out regular maintenance to keep your investment property in great shape. They will also be at the end of the phone 24/7 if an emergency arises.
Ensure Legal Compliance
As mentioned above, there are several local ordinances and charges that Savannah landlords must follow and pay. It's easy for these to pass you by, potentially leading to expensive fines and legal costs that eat into your property ROI.
Savannah property management companies use property management software and local knowledge to keep you fully legally compliant. This helps to protect your bottom line and gives you peace of mind.
Choose Pam T Property Management For Your Investment Property
We understand that there are lots of companies vying to manage your investment property. But at Pam T Property Management, we bring something different to the table.
Unlike faceless national companies, we are a truly local, family-run enterprise. Over the last thirty years, we've built the trust of Savannah landlords through our commitment to increasing your property ROI. We lift the burden off of your shoulders, so you can sit back and realize your investment when the time's right for you.
Check out our services and schedule a free property consultation today!