Protect Your Investment & Maximize Your Return
Both those who have used a property manager before and those who have not quickly learn the value of hiring a Real Property Management office. Here’s why:
Preserve Your Property
Taking care of your property is more than just paying a property manager to watch over it. The professionals at your local Real Property Management office are here to help you protect your investment and make you the most money. Using proprietary tools, they determine the best monthly rent rate for your property. They guide you in understanding what improvements should be made to attract tenants who are willing to pay more and take care of your home. They also conduct move in assessments and regular inspections, complete with photos, to make sure your property stays in good shape.
Finally, they’ll save you time and money with cost-effective, reliable maintenance using internal systems. They also know how to proactively manage maintenance and respond to tenant requests to save you money long-term.
Your home’s value is important not only while it is a rental, but also long-term for property appreciation.
Shorter Vacancies and Quality Tenants
For each day a property is vacant, that’s money out of your pocket. Offices spend hundreds of dollars every month advertising vacancies to get them filled—faster. Placing the wrong tenant in your rental home can also cost you– on average, 4 to 6 times the monthly rent rate. Tenants are screened thoroughly, making every effort to find reliable tenants who will pay rent on time and treat your home like it was their own. Smarter tenant placement is a result of rigorous background screening process, including credit, employment, rental history and criminal checks, using a systematic business approach.
When collections and evictions are necessary, streamlined, automated system ensure that progress is made as quickly as possible, all laws and codes are followed, and no step is missed.
Give your tenants options
Electronic check/ACH, one time debit, recurring debit, credit card options all make your tenants feel like they are in control of the process. That control translates into punctual payments.
Assuage fears about the security of online payments through information. Some people are still afraid to do business online. The best way to handle this is to educate your clientele one the safety of your online system. If they need assistance because they are not digitally inclined, offer a service to assist them setting up an online rent payment account.
If the client remains unwilling to risk using an electronic check, credit card or bank card online, discuss the possibility of using a prepaid card with them.
If it is legal to do so where you do business, consider making electronic payment the only way you accept rent. Requiring digital payments on the lease agreement is a great way to make it clear up front. Pointing the stipulation out and even encouraging them to sign up before they move in are all smart ideas.
The benefits of online rent payments for property owners
As a property manager, you can give your clients peace of mind and the convenience they want. Everything is integrated: disbursements, online contributions and vendor payments. You can receive electronic notifications regarding deposits and when a tenant has given notice to move out. Tracking these events online consolidates receipts and other important paperwork, which simplifies your business.