12 reasons property management services can benefit property owners
TRANSCRIPT
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Property Management Services Can Benefit Property Owners
12 REASONS
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Property ownership can be a great way to generate supplemental income in today’s economy. One way to AVOID THE STRESS of running your property is to HIRE A PROPERTY MANAGEMENT COMPANY.
Here are twelve reasons to consider this.
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Maximize Tax BenefitsThe typical cost of a property management service in Virginia is about 10% of the rental fee. Fortunately, this cost is TAX DEDUCTIBLE, as it is considered a business expense associated with the property.
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So Long Rent Collection Worries
A PROPERTY MANAGEMENT SERVICE can take the stress out of rent collection. Services include collecting any late or damage fees, processing eviction notices, and pursuing litigation if necessary.
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A quality property management service will have a support team that includes PROPERTY MANAGERS REPAIR/MAINTENANCE SPECIALISTS who can perform maintenance inspections and fix heating, plumbing, electrical, plaster, etc. in a timely manner.
Professional Property Maintenance and Upkeep
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Regular Financial Reporting
Your property management service will treat your property as a BUSINESS ASSET, and will provide FINANCIAL STATEMENTS to you the owner.
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Full Service Marketing and Advertising
Professional management costs are easily offset by shorter vacancy times. A good property management partner will spend time and money INVESTING in ADVERTISING to fill vacancies faster.
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On-Going Professional CommunicationWhether you live a few blocks from your rental property or hundreds of miles away, a TRUSTED property management company will provide HIGHLY-TRAINED staff to answer your questions and help you stay informed on your property 24 hours a day anywhere in the world.
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Tenant Interviews
Don’t get stuck with tenants who refuse to pay on time and don’t take care of your rental space. Get the help you need to make sure all prospective TENANTS UNDERGO a CREDIT, INCOME, and CRIMINAL BACKGROUND CHECK.
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Preserve Your Property
A second pair of eyes invested in LONG-TERM PROPERTY APPRECIATION can help maintain and improve your home value. Property managers conduct move-in assessments and regular inspections, complete with photos, to make sure your property stays in good shape.
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Strict and Compliant EvictionsEven with careful placement there is occasionally a tenant who needs to be evicted. Our staff is KNOWLEDGABLE in state and local landlord and tenant laws. If rents are not paid on time, we initiate the legal steps QUICKLY and EFFICIENTLY to minimize costs and get the property leased again.
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Future Investment Property LeadsYou may be actively searching for properties to add to your portfolio. When you’re ready, a property management team can help you FIND, ANALYZE and COMPARE properties based on discount to market value, cash flow, cap rate and even Cash-on-Cash return.
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Delegation
To the property owner, this is very important since it helps in the management of several properties at the same time thus enabling owners to keep their premises in the very BEST CONDITIONS in a COST EFFICIENT way.
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Peace of Mind
This is PRICELESS to any property owner. From evictions and troublesome tenants to marketing and understanding legal issues, partnering with the right property management company will help you know what works, what rents, and how to get more from your property—WITH LESS LIFE INTERRUPTION.
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You want your experience in the rental real estate market to be PLEASANT and PROFITABLE. Partnering with a property management company can help make this happen. CONTACT US to learn more about the services offered and to find out if we’re a fit for you.
Conclusion
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Related Links• http://www.rpm757.com/stress-relief-how-to-eliminate-the-stress-of-being-a-
rental-property-owner
• http://www.rpm757.com/property-management-software-informs
• http://www.rpm757.com/avoid-rental-property-hassles
• http://www.rpm757.com/maximize-rental-property-investment
• http://www.rpm757.com/real-property-management-company
• http://www.rpm757.com/why-real-property-management-company
• http://www.rpm757.com/real-estate-agent-partner