How do we define property management? For us, it’s a turn-key process. Here’s what we take care of so you can relax:
It’s absolutely critical that you get all the facts about property management company and the services they promise to provide before you sign the property management agreement.
Do they provide a true turn-key service? You’ve got find out for sure.
Deciding if it makes sense or not to move your to another property managed company depends on these two questions: 1) Will you be significantly better by moving to a different provider, and 2) How can you be certain that you will be significantly better by moving to a particular company (How do you know that you can trust them)?
The differences in management costs are marginal. Our company is competitive, but your decision SHOULD NOT BE BASED EXCLUSIVELY ON THE PROPERTY MANAGEMENT FEES. Why? Because vacancy costs and maintenance and make ready costs are much more significant. In addition, the amount of rent that the property management company can obtain is also a factor, in some cases is not trivial.
It’s not good enough anymore to just post the property on-line and wait for the tenants to come streaming in with application. Particular property management companies will be better or worse depending upon the type of property, and the specific location. No company is great when it comes to all properties.
Our organizing principal is that properties must be 100% ready to rent before we start showing it.
That means it must be clean and ready, inside and out.
The precise amount of time that it takes for us to lease a property depends on a number of factors.
On average, it takes us 22 days to lease a property once it is completely ready to go.
Our maintenance technicians have a wide array of skills. For example, they can do all of these and more:
Unclog plumbing with one of our many snakes, including a yard line,
Replace plumbing throughout a unit,
Maintenance and replace heat and air systems,
Any type of electrical work that might be required.
We bill maintenance by the hour.
The charges depend upon exactly what the task is.
We also hire contractors for big jobs, in that case we’ll obtain multiple bids.
We take an average of 13 days.
You can read about our 5-step process for completing make readies by clicking here.
We send out our monthly statements between the 10th and 13th of the month.
The statements are itemized, and show the income and expenses from the last 30 days.
We also include copies of the supporting invoices.
We answer the phone during office hours. It’s funny how so many companies do not.
In addition, there are a few other important differences. Click here now to read about those.