Property Management Services
Our premier management services include but are not limited to the following:
- Maximizing the net income of your property
- Advertising - We distribute your property across multiple advertising mediums
- Professional Tenant Screening. (We have very few evictions because of the thoroughness of our screening)
- Negotiating leases
- Collecting rents
- Maintaining the interior and exterior of the premises
- Supervision of disbursements
- Screening vendors / contractors
- Landlord / Tenant relations
- Scheduling walkthroughs of your property
- Managing safety and environmental issues
- Monthly Reporting with E-Mail Delivery
The greatest benefit we offer our owner clients is peace of mind. Managing their own investment property can be challenging for owners because it’s easy to become personally and emotionally involved with their tenants. We view tenant relationships only as business relationships. We employ sound business practices with less emotional involvement, to more efficiently manage your property.
Your peace of mind is realized when you turn your investment property over to our trusted professionals and you are suddenly relieved of the management challenges. The benefit gained is a small price to pay, and, we can often find the means of either increasing income or cutting expenses to offset the management costs by improving your property's cash flow.
Is there anything that needs to be done to make my property rent ready?
The better the condition a property is in, the better quality tenant it will attract. A property that shows well rents faster and commands higher rent. We recommend that the interior be painted or at least touched up, that the window furnishings, floors, fixtures and appliances be cleaned professionally, and that any needed repairs be made. Once the property is put in good order, we require (through our rental agreement) that the property be maintained in good order so that future turnover costs to the owner are minimized.
How do you choose the right rental price?
Pricing your home correctly from the start is very important. You don't want to give away profit or overprice the home so that it sits vacant for a long time. Residential Property Management, Inc. will work with you to get the best rental price the market will support at the time we begin marketing. We will be happy to start a little higher than our suggested rent amount if requested, but please understand, we will be very candid when we quote a suggested rent amount. The overpricing of your property by some management companies is unfortunately done in order to obtain a signed management agreement. This initially will make an owner happy because it is what they want to hear. This often leads to the unhappiness of a long vacancy and one or more reductions in the asking rent before the property finally rents. This will not give the owner the best return of their rental income.
What about management pricing?
Your home is a valuable asset. Seemingly low-priced services can often lead to poor results because there is not enough staffing at the management company to provide the level of service desired. That is not a problem at Residential Property Management, Inc. We pride ourselves in maintaining the highest level of service to our clients through one of the highest “team member” to “homes under management” ratios in the industry.
