Managing property is hard and most inexperienced owners find out the hard way and at great expense. Problems start when the owner selects a tenant because they “liked” him and without checking credentials. Once the tenant is late or misses a payment, it’s the beginning of the end. Over the next few years, the owner slowly finds that the tenant has racked up thousands in unpaid rent before finally reaching their limit.
We have rescued many owners. We’ve discovered owners are really nice people, understanding to a fault, and always willing to “work with the tenant” but unfortunately, tenants often take advantage of these kind-hearted owners. Finding tenants with the same values as the owner is difficult and takes experience. Managing property takes time, patience, and the right attitude.
No matter how you obtained your rental, if you don’t have the experience or the time, or if you are relocating or retiring, we manage your properties with one goal in mind: to make your property profitable and stress-free.
We started out by managing our own rental property spending hundreds of hours doing everything necessary to make them great rentals … and we learned the secret to property management: managing people and solving problems. We learned how to attract and select the right tenants, how to respond to tenant situations, and how to take care of rental property. Before long, our friends and colleagues were asking us to manage their properties and soon we were in the property management business!
We treat all rentals as a business investment – because they are!
Smart first-time landlords who want to reap the benefits of investment property without the stress of tenant interaction will hire a professional to manage their rental. We procure the best tenants, handle the day-to-day maintenance and repair, address lease violations, pick up emergency calls, collects rents, and provide Owner accounting and monthly statements.
We put the first-time landlord’s mind at ease with our handling of their property. We strive to keep the property in tip-top shape so the asset grows in value while keeping good tenants to provide the monthly cash flow.
Always prepare for the worst. Your rental property may sit vacant occasionally, require repairs, or may have a tenant that has defaulted so as a good rule of thumb, you should have at least three months rent in your bank account for the unexpected.
PROPERTY TAXES: Again, never rely on anyone to pay your taxes. Also make sure your mailing address on your tax records is up to date with your current home address.
INSURANCE: Unpaid premiums could be disastrous. Stay in control of your coverage and payments.
HOA DUES: Failure to pay could result in fines, fees, and liens on your property. Make these payments yourself.
Service animals are specifically and rigorously trained to perform specific tasks or alerts to mitigate their handler’s disability. These animals qualify as an assistive animal under Fair Housing laws and are not considered pets so no pet deposits are required.
Emotional support animals (also called Comfort animals) do not have to have any specialized training but they help alleviate disability symptoms. These animals also qualify as an assistive animal under Fair Housing laws and are not considered pets so no pet deposits are required.
How to tell if your rental is priced too high:
How to tell if your rental is priced too low:
If you want to be sure that you are getting the highest rent possible, run the listing at your desired rent amount for a week but be ready to reduce the price. Don't keep hanging on to a high price in the hopes that the right person will come along ... soon.
You must also operate within the Fair Housing guidelines, handle your part of home maintenance and repairs, and be fair with the disbursement of the tenant's security deposit.
Disclose anything major about the property. For example, if the home is on septic, uses well water, or has occasional flooding in the corner of the unfinished basement.
Put yourself in your tenant's shoes ...