We provide the full property management services listed below:
1 Setting up your Financials : We make your financial management easy by providing:
a. Each client with their own bank account.
b. Full online access for real time management and monitoring of income and expenses.
c. ATM/Debit card and Checks upon request.
d. Full access to these accounts.
e. Each client with the access to create their own income and expenses reports online by exporting their account transactions into QuickBooks; excel spreadsheets and any other online tools available.
2 Setting the right rental rates: While looking through the classifieds to see what other landlords are charging for similar properties is a fine way to ballpark your rent price, a good property management company will conduct a thorough market study in order to set a rental price for your property, ensuring that you achieve the perfect balance between maximizing monthly income and maintaining a low vacancy rate.
3 Collecting and depositing monthly rent payments on time: If you've ever worked in a billing department, you know that securing payment from clients can be difficult, not to mention awkward. Property management companies have efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments. You'll find this particularly important if you have a limited number of properties, and collecting payments on time is crucial to maintaining your cash flow.
4 Marketing and advertising your property: Through our Real Estate department, our property manager will know exactly where to market your property and how to craft compelling advertising materials---a significant advantage when it comes to filling your properties quickly and avoiding long vacancies.
5 Finding the right tenants: Our experienced property managers are experts at finding good tenants, and will take care of all the details, including the securing all criminal background and security checks, running credit reports, verifying employment, and collecting previous landlord references.
6 Managing tenants: In addition to finding good tenants, our property management company will manage all aspects of the tenant-landlord relationship. The property manager will handle both routine and emergency maintenance, take care of routine inspections, and manage any situations where conflict resolution is required.
7 Managing vendor relationships: Our management has relationships with maintenance workers, tradesmen, contractors, suppliers, and vendors, which are almost impossible for an independent landlord to duplicate. Not only will your property management get you the best work for the best price, they'll oversee any necessary maintenance projects.
8 Ensuring that you're in compliance with housing regulations and property laws: There is a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property. These include local, state and federal regulations, as well as fair housing regulations (such as the ADA). A property manager can help you avoid lawsuits by keeping your property up-to-date and in compliance with these regulations.
9 Enabling you to invest in geographically distant properties: If you manage your own properties, you're pretty much limited to investment opportunities within a tight radius of your own home. By hiring a property manager, you can take advantage of investment deals in any location you wish.
10 Maximizing the profitability of your time: By having a property manager take care of the day-to-day aspects of running your income property, you’re free to spend your time identifying further investment opportunities or otherwise furthering your career.
11 Maximizing the profitability of your money: Most property managers charge a percentage of your property's monthly rental rate in exchange for their services. The rate typically runs at 10%, which is generally less than the money you save by hiring a professional to take care of your property.