These frequently asked questions is what should be on every landlords' mind. Let's jump in and address some common problems that landlords have and how we solve them to make your property more profitable with a lot less headaches.
Receiving rents ON-TIME is essential to our management program so that owners receive their rent right on schedule. You bet we understand that owners have expenses like taxes and insurance and may even have mortgage payments to make. So we know that collecting rent on time is critical. After all, property owners are not made of money, right?
Fact is, we have an impressive on time payment record that would make any landlord jealous. To achieve these results, you just can't stick a lease in front of a tenant to sign. You have to be very selective and communicate with the tenants up front... before they move in. There is no shortcut to this and most managers consider themselves "too busy" or rush through this critical process... BIG MISTAKE!
We share expectations with the tenant and reinforce the importance of paying the rent on time BEFORE they occupy the property. We enjoy the good relationships we have with our residents which is based on mutual respect and a "team" philosophy (not your typical landlord-tenant adversarial relationship).
Our management system is specifically designed with incentives to motivate tenants to pay their rent on time, without the problems that drives most landlords crazy. And who needs problems? With rents due on the first day of the month, we are able to electronically transfer the owner their rent when due without delays.
This is the #1 concern that we hear from owners, will the tenants tear up the property? With all the horror stories of tenants destroying property, many owners are reluctant to rent out their house. Although no one can guarantee that a tenant will not damage a property, truth is, we have a very thorough screening process to help ensure that a bad tenant will be... someone else's horror story.
We are very selective in who we put in the homes we manage. Simply put, we want the "best of the best" tenants who have the move-in funds we require and will take care of the valuable house and make it a home.
So how do we do this? Screening for a responsible tenant with the right moral code is absolutely key! We run background checks, criminal checks, employment checks, rental history checks, credit checks, plus a few other screening criteria that took years to develop.
We do not illegally discriminate against a protected class, but we have developed a thorough screening process that the applicant must pass to qualify for the "best of the best" status that we look for, in order for them to move in and get the "keys to the castle".
We understand how costly a vacancy is and treat all vacancies with a sense of urgency. The owners' property will get the attention it deserves to limit any vacancy expense. When leasing up property, we use creative marketing strategies designed to get property rented to a responsible resident with rents coming in on-time.
We use a combination of signs, websites, internet ads, pictures, video and a few other creative techniques that will make your property stand out from the competition. Our lease up system pulls in applicants to get the property rented quickly. Our goal is to attract attention and increase activity so that we can be selective in choosing the very best applicant.
If a good property management system is in place, high fees and commissions should not be necessary. Why? Because with a well run management system, the time and aggravation to manage property effectively is greatly reduced.
Our management program is specifically designed to have tenants pay on time, take care of the property, get along with the neighbors, and stay a long time. We understand that owners are sick and tired of being nickeled and dimed to death by many property management companies.
Because our management program is effective, we typically don't have to chase down rents so it takes us less time to manage tenants. The result, owners don't pay expensive management fees.
Owners will always know how their property is performing. Isn't it frustrating to have bad communication with a management company when there is a problem or when rents have stopped? There's nothing worse than having a problem with phone calls & emails getting ignored left wondering what the heck is going on. We return calls and emails and owners will also be emailed statements on how their property is performing month after month.
We found that owners of rental property simply want the job done and not worry about it. Bottom line, if you're a property owner and want to receive more income without tenant problems, vacancies and expensive fees, then just leave the management to us. Our job is to screen for the best tenants, rent up the property, collect the rent, and save owners money on the maintenance. The owners job is to receive rental cash flow without headaches.
Whether you need reliable leasing and management or solutions to a real estate problem, we are here to help. Please call 813-703-1400.