As a Kalamazoo rental property owner, employing the right property management company can make the difference between real estate investing success and a life filled with trouble, hard work, and frustration. Property management is a 24/7 job, and the more rental homes you have, the more time and energy it requires to properly manage each one. Hiring a property manager to help with the amount of work and keep your rental homes occupied and profitable just makes sense. However, the wrong property manager can actually worsen matters by making costly mistakes.
Other property management companies don’t spend enough time to properly evaluate the rental market and set the best monthly rate, guessing or asking you to figure it out for yourself instead. Having the wrong monthly rate is a big problem for two reasons: you may have difficulties renting your property if the rent’s too high, but if it’s too low, you’re going to lose rental income every month or even potentially have prospective residents thinking there is something wrong with the property.
When the property managers at Real Property Management Investment Solutions first sign on with an owner, they instantly start a thorough property evaluation to make sure that the rental home is set to attract high-quality renters. The condition of the home is evaluated, as well as the current rental market, to guarantee that your rental homes are competitively priced.
Another costly mistake other property management companies typically make is in the way they bring in and screen potential tenants. Some property managers don’t go beyond placing a sign in the yard and just running the applicant’s credit history, neither of which is good enough for finding quality tenants.
Each rental applicant Real Property Management Investment Solutions considers is carefully screened with full background checks that include credit, criminal, past rental, and income history. We want to fill vacancies with great tenants who are going to care for your rental property during their stay and follow the terms of your lease.
Once new renters have signed a lease, other companies will often disregard every maintenance and repair request, forcing their tenants to live with problems that start as minor but might become pricey repairs in the future. These companies usually have a high turnover because of this, as frustrated renters seldom stay long in a home when their property manager snubs or rebuffs reasonable requests.
We take a proactive management approach to all repairs and maintenance at Real Property Management Investment Solutions. We provide each of our owners a password-protected account wherein they can view maintenance and repair information on their properties at any time. Monthly financial statements and clear, up-front fees put you in control of your investment.
When a renter signs a lease with Real Property Management Investment Solutions, they sign their name to specific, legally binding documents that are meant to streamline the terms and state the consequences of violating those terms. They know from day one that their property manager is going to be regularly monitoring the property, which helps them stay vigilant as well.
Compared to these other business models, Real Property Management Investment Solutions has a reputation for providing quality, comprehensive service – and for good reason. For over thirty years, we have made having a unique approach to property management that places the best practices and top tools of the industry at your fingertips a priority.
As a Kalamazoo rental property owner, you should have a property manager who is going to work to protect your investment without disturbing your life. By choosing Real Property Management Investment Solutions, you are opting for real peace of mind. Would you like any additional information? Please contact us online or give us a call at 616-419-8880 today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.