Residential Property Management in Chapel Hill

Posted by on Jul 17, 2017 in Uncategorized | Comments Off on Residential Property Management in Chapel Hill

The best part about residential property management in Chapel Hill is the access and affordability. When looking for a company, you will need to make sure they provide comprehensive services, are available at any time, and have a good reputation.

Property Management Features

For all companies, you will expect the basic features from a property management perspective.

  • They will list the rentals on the main rental sites
  • Provide signage
  • Negotiate leases
  • Pull background and previous residential history
  • Collect rent, and handle any late fees
  • Respond to maintenance calls
  • Complete end of lease inspections

Many property management companies in the Chapel Hill area specialize in student housing. This includes handling leases, renewals, maintenance requests, and end of lease cleanup. Some have special ways of handling these types of leases, and will work with you to ensure it meets your standards.

Lastly, many will provide additional services at an additional cost. Many of these services can be done by you, but if you’d like to be completely hands off, this would be a perfect opportunity for you. These types of services typically include dealing with HOA’s, re-issuing checks, meeting someone at the property, or court appearances.

Additional Premium Features

Paying as you go may be an option, but what happens when you have 100+ properties that all need premium type features? Most companies will allow you to upgrade to higher packages, and just pay an additional percentage of rent. These packages wioll typically be as good as providing all services related to the property including seasonal maintenance, mold inspections, weekly site visits, preparing the property for sale, processing evictions, and emergency services.

Property Management Pricing

The residential property management pricing in the area is on par with what you will see across the country. Most companies will charge you a setup fee for getting started, then 10% of the monthly rent of each location they handle. In addition, there are some fees for marketing that may be due on a monthly or quarterly basis, as well as a yearly renewal fee.

Another form of pricing is flat-rate where you pay a small monthly fee for a specific set of services, which means you won’t overspend. However, this also means you need to understand what you get included so that things don’t fall through the cracks

The last form of pricing is what we referred to early, where it is a mixture of percent of rent but you can purchase additional services on a flat-rate basis. This gives you flexibility and helps you figure out exactly what you need.

In your journey as a landlord, residential property management in Chapel Hill may become a great option. Between the many features, realistic pricing, property management is the best solution to being a hands-off landlord.

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The Importance of Professional Property Management in Costa Mesa

Posted by on Jul 1, 2017 in Uncategorized | Comments Off on The Importance of Professional Property Management in Costa Mesa

Property management is important to landlords and tenants alike. By acquiring professional property management in Costa Mesa, you can rest easy that your properties are being managed properly and securely. The greatest advantage of hiring a property maintenance company is to lower your workload along with your stress level.

From homes to apartment buildings to condominiums, becoming a landlord is a great income-producing opportunity and by putting your trust and confidence in a professional property management firm, you can reap the benefits without the hassle.

Property management companies offer an array of services including tenant screening. This is extremely important to attracting and keeping wonderful tenants that pay their rent on time and take care of your property. A property management company will take applications from prospective tenants and conduct background checks that include previous rental history, criminal convictions, and financial history. This will assist you in determining which tenants to rent your property to or you can leave that part up to the management company also. This is a time-consuming process that you will not have to deal with at all since the professional management company your hire will complete this process for you.

The firm you hire will also handle the legal aspects of property rental for you such as drafting rental agreements, lease negotiations, lease terminations, and even evictions that are sometimes necessary. This is especially helpful if you own properties in Costa Mesa but reside in another location. The last thing any property owner wants is to have a property sitting empty for any length of time. Not only are you not receiving rent from the property which will affect your income, your property is at risk of being vandalized or robbed. Your property management company will be on top of this type of situation by advertising the property to attract new tenants in a timely manner and by completing the application process. Within a short amount of time, your property will have tenants which means your income will continue flowing in from the property. By hiring a professional property management company in Costa Mesa, you will save yourself not only time but headaches too.

When it comes to managing properties, one of the most important tasks is to keep the properties maintained properly. A property management company will ensure that your regular maintenance is performed on all of your properties at all times. Inevitably, something will break down and need to be repaired such as a water heater. Your property management firm will handle this for you by obtaining a repair company or if need be, replacing the water heater. This means you can relax or focus on other things in your life without having to worry about keeping your properties up to meet codes.

Communication is imperative between you and your tenants and that can be facilitated by the property management company you hire. You will be kept up to speed on what is happening with your properties with less stress and time involved.

To be the best landlord possible, hiring a professional property maintenance in Costa Mesa is the greatest solution to keep your income flowing and your stress level down.

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Perfect Guide for Property Management firm in Alexandria VA

Posted by on Jun 17, 2017 in Uncategorized | Comments Off on Perfect Guide for Property Management firm in Alexandria VA

Property managers are beneficial to both landlords and tenants. For landlords, they take on all the heavy lifting associated with renting out a residential property. This is a particular advantage for owners of rental properties who live out of town, are too busy to take on the job themselves, or who may not be physically able to perform all the necessary tasks.

For tenants, property managers provide a buffer between themselves and the landlord. They may more willing to report maintenance issues rather than ‘bother the landlord.’ This benefits you, the landlord, because repairs are carried out promptly. It also neatly sidesteps the issue of personality clashes. Being likable is part of the property manager’s job! But what else is expected of a property manager? What follows is a perfect guide for a finding the perfect property management firm in Alexandria VA.

What is the job of a property manager?

The role of a property management firm in Alexandria VA may be easily broken down into three phases:

  1. Before the tenant moves in
  2. During the residency
  3. After the tenant vacates the property

Before the tenant moves in

If necessary, the property manager will evaluate the property and determine the correct rent, market the property for rent, screen and select tenants, and get the property and necessary paperwork organized for the tenant to move in.

Property evaluation

During the property evaluation, he will document the interior and exterior condition of the property and take photographs. He may make recommendations for repairs and cosmetic improvements to help boost the landlord’s ROI. This discussion will cover details like whether pets, children and smoking will be allowed. Landlord and property manager will agree a rental price based on recently rented similar local properties.

Marketing the property

Once the property is ready for occupancy, the property manager will advertise the vacancy, meet prospective tenants and show them around the property. He will provide interested tenants with a legally compliant application form and collect an application fee.

Screening and selecting tenants

One of the most important skills of a property manager is the ability to identify potentially unsuitable prospective tenants. There are subscription databases available, like MyLife.com, that can verify identity and provide information about credit history, rental history, income, etc. A seasoned professional will also know what probing questions to ask to make sure they won’t destroy the place or sell your furniture. Before handing over the house keys, the PM will collect a security deposit. Under Virginia state law, this is equal to two months’ rent.

The dreaded paperwork

Once the lucky tenant has been identified, the property manager draws up the rental, or lease agreement. This documents the term of the rental, whether it is renewable annually, monthly or at all, the amount of rent, notices and entry, much of which is governed by Virginia state law. The second important document is the property inventory, which spells out the fixtures and fittings present when the tenant moves in and that you expect him to leave behind when he moves out. The PM walks through the premises with the tenant and they both sign the inventory.

During the tenancy

This phase encompasses all activities from the time the tenant moves in until they move out, including:

  1. Rent collection
  2. Maintenance, repair and remodeling
  3. Inspections
  4. Legal and financial aspects of the tenancy
  5. Evictions

End of tenancy

Assuming everything is in order and the tenant is eligible to get their deposit back, Virginia law specifies that they receive it within 45 days. Once the tenant, has vacated the premises, the property manager tidies up for the next tenant and starts the process all over again.

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Key Ingredient to Success for Property Management Companies in Irvine: Property Management the California Way

Posted by on May 15, 2017 in Uncategorized | Comments Off on Key Ingredient to Success for Property Management Companies in Irvine: Property Management the California Way

Property management in California has a few more challenges than it does in several other states. For instance, you have to know how to care for the many palm trees that exist in SoCal, something that you only have to know how to do in a half dozen other states. There is also a higher level of clientele in Irvine, California, with which you have to have the skills to work. Here are a few more key ingredients to success for property management companies in Irvine, CA.

Listen and Clarify

Listen very carefully to what new clients want and are asking for. Always clarify, as clients in SoCal may be thinking of something a little different than what you are thinking. Put it down in writing and show it to clients before creating a property management contract for them to sign, That way, there is no miscommunication and no frustration between the clients’ expectations and what you understood to be the clients’ expectations of the service agreement.

Know Your Orange County/SoCal Plants, Trees and Grasses

Starting a property management company in Orange county, where Irvine is located, means that you should know something about the plants, trees and grasses that currently grow there, the ones that have been transplanted there, and the ones that are invasive species. This is important to the maintenance and landscaping of every property your company manages. Do not just hire random people to take care of lawns and the landscaping; hire professionals that know exactly what they are doing. Being able to spot a good landscaping job from a poor one starts with recognizing the greenery growths in Irvine.

Understand That You Are Responsible for Protecting High-End Property

Some of the biggest and most magnificent homes, office buildings and commercial properties exist in Irvine. Managing these properties requires a mixed amount of awe, respect, professionalism, and dedication to the properties’ safety and well-being. Many clients may prefer to have someone onsite 24/7 for property management, they may just want someone to manage the property while they are away, and/or they want someone taking care of things while the property is unoccupied for a short duration.

Treat these high-end clients well, and you will have repeat business. Protect and maintain their properties as though they are your own, and clients will be very pleased. Take responsibility anytime something happens, and always maintain contact with the clients in the event of a problem, and you will be very successful indeed.

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What Houston Industrial Property Management Company Can Do For You

Posted by on May 1, 2017 in Uncategorized | Comments Off on What Houston Industrial Property Management Company Can Do For You

If you own an industrial business in the Houston, Texas area, you may need assistance with managing your property. You may need help with property maintenance, accounting, and marketing. A Houston industrial property management company can handle all these details so that you can focus on running your business and making money.

A full-service management company is staffed with a team of seasoned professionals to handle the most important aspects of managing your industrial property.

Services that an industrial property management company can offer:

  • Property Maintenance and Repairs
  • Completing Work Orders
  • Performing Regular Code Compliance Checks
  • Tenant Placement
  • Collecting Rent
  • Accounting Services
  • Account Collection
  • Tenant Evictions
  • Resolving Tenant Disputes
  • Marketing

Maintaining the property is probably the most costly part of your business. A good Houston industrial property management company will provide you with qualified technicians who do the job right the first time. This way, you don’t have to waste your precious time and money hiring employees that may not work out.

Expect the company to bring top-notch workers on-site to complete all work orders correctly and in a timely manner. The technicians should be experienced in all areas of industrial maintenance, including machinery repair, plumbing, and electrical wiring. They should also be knowledgeable of local, state and federal building codes.

Finding good tenants is the most important part your business. You want tenants who pay their rent on time and don’t cause problems. That’s why a Houston Industrial Property Management Company offers tenant placement services, screening the applicants beforehand to ensure that you get only the best tenants.

However, sometimes issues can arise with tenants, such as:

  • Late Rent
  • Disputes
  • Breach of Contract

These issues can create frustration for you as a business owner. Now, you don’t have to deal with tenant issues, because a Houston industrial property management company will handle it all for you.

The management company will deal directly the tenants, collecting rent and resolving any disputes that may occur. The company acts as a mediator between you and the tenant, encouraging an outcome that is fair to all parties involved. Usually, issues are resolved quickly.

In the case of outstanding rent, the management company will proceed with account collections. Occasionally, eviction is necessary. The management company will handle the tenant eviction, with respect to the lease and Houston laws.

Marketing can be costly and time-consuming, but it’s necessary in order to get your business name out there. Marketing your property through a variety of mediums, including local classifieds, radio, and online is an important service that a management company offers.

Additionally, a property management company can handle the tedious office tasks such as bookkeeping, rent rolls and administrative duties.

Whatever your needs are, whether it be property maintenance, administrative, or tenant issues, a Houston industrial property management company can do it for you!

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Identifying a good choice for a West Los Angeles property management firm

Posted by on Feb 28, 2017 in Uncategorized | Comments Off on Identifying a good choice for a West Los Angeles property management firm

Risk assessment, management of properties, real estate consulting, and construction management, among others are some of the tasks that asset management firms handle. Therefore, identifying the right company to manage your property or a portfolio of them is a critical factor worth consideration. Here are tips on how you can identify the best.

Services offered

Various property management firms offer a broad range of services including strategic planning, the collection of funds, trash removal, the signing of agreements, arranging preventive maintenance, among others. As one that is seeking a provider of such services, it will all depend on whether you need the whole package or specific services. As you decide on that, you also need to enquire on the issue of making payments, the cost of the services and what to expect from the firm you engage.

Consider several property management firms

As you seek to identify a good choice for a West Los Angeles property management company, it is important to engage several providers of these services. The fact is that every asset management company is different from the other in service, the cost of services as well as administration. Verifying certificate and licenses of each of these firms is also important, and it will also go a long way in helping you identify the right property managers, according to your preference, after the shortlisting exercise.

Client portfolio

Analyzing customers that a particular asset management firm serves comes in handy as you try to identify the best provider of these services. Once you have details of some of these clients, it will be wise to visit some of the properties that the company manages to verify whether the buildings are in good condition, whether the tenants are satisfied or not, among other things. That will give you a clear picture of the credibility of the firm you wish to work with and reason enough to enter into a contract with them.

Communication

Effective communication is vital as you plan to bring a property management firm on board. Therefore, it is imperative to establish how often you will receive communication regarding the management of your property. For that reason, a prospective provider of such services should be available round the clock.

That will give both tenants and the property owner an assurance that whenever an issue comes up relating to the property, the response will be prompt. Any changes will also be communicated on time both to the owner of the property and the tenants as well.

Conclusion

Friends, family, neighbors and colleagues can be a great resource in referring you to a reputable company to manage your property, and you can take advantage of such an approach. Out of the experience of dealing with a particular provider of such services, these individuals can be your best link to a firm that will offer you reliable property management services.

Also, it is important to meet some of the people working with the company you wish to engage in person before signing the contract. In most cases, that will apply to those who source such companies on the online platform, where there is a high tendency of falling for any provider. That is because each of them claims to offer the best services and you can only approve that once you meet relevant individuals.

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Reasons You Need a Property Management In Langley

Posted by on Dec 30, 2016 in Uncategorized | Comments Off on Reasons You Need a Property Management In Langley

Do you own some sort of a rental property? Perhaps it is a large apartment complex. Whatever the size of it or how much property you own, it can be incredibly stressful attempting to manage it all your own. The more properties you own the longer it takes, and there simply isn’t enough time in the day for you to handle it all. That is why you need a property management Langley firm to take care of this for you. With the experience and knowledge on how to run a rental property, you’ll be in good hands and all the guess work will be taken away.

Screening Potential Tenants

Possibly one of the most vital jobs of a rental property management firm is to screen your potential tenants. You can’t just rent out your property to anyone. Some will not have the money. Others will have a history of skipping out on rent or causing problems for the land lord. Tenants with serious criminal records can put other tenants in harms way, as tenants will be likely to discover this person and what they have done before. Screening potential tenants protects you and your rental company.

Marketing Your Property

Typically you can’t just expect renters to come to your property and begin asking for an application. Marketing advertises the property, highlights why someone should consider looking at it and makes it more accessible for possible renters to learn more about the property. This is more than just creating a website. This is handling social media, looking into different marketing outlets and understanding what works best to keep your property full. Every room you have open that doesn’t go rented is income out of your pocket. A quality property management company will know how to keep your property as full as possible.

Collecting Rent

Collecting rent can be a bit tricky sometimes. In a perfect world, tenants will pay their rent on time and there won’t be any sort of problem with it. Of course, it isn’t a perfect world and people will not always pay their rent. You need to know who is not paying their rent, who is late and what sort of problems are coming up because of this. Whether you decide to create a late fee connected to charging rent or whatever you do, with the aid of the right property management company in Langley, you won’t have to perform this on your own. The management company will handle the collecting of rent and depositing the funds into your banking account. It is just one part of their job.

It doesn’t matter how large of a property you own, how many properties you own or how long you have been in the business. A property management company in Langley can make owning your property far easier than ever before. By taking all the guess work out of owning a property and handling all of the requirements for you, you can focus on other areas of your business, including investing the money and looking for other properties to purchase.

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