What is property management?
Most people buy investment properties because they want to make a profit - not because they want to get a telephone call at 3am in regards to a maintenance issue and not because they want to hear a tenant’s excuse as to why the rent is not paid on time.

When you own a rental property and want to be hands-off you hire a property manager (PM). The PM performs all the day-to-day functions of owning a rental property.

They advertise the property when it is vacant. They hold open houses to show the property to prospective tenants. They interview the prospects and conduct background, criminal, and credit checks as well as perform employment and residency verifications. They prepare the lease and handle all maintenance issues that arise with the property. They collect the rent and if the need should arise, they will handle late rent and file evictions as well as go to court on the owner’s behalf.  A good PM will also supply you with detailed monthly statements and suggest preventative maintenance for the property.

Normally a property manager charges between 10-12% of the rent each month to perform these services and a good PM is worth their weight in gold. A good PM can get you more rent from a tenant and can make owning an investment property a good AND profitable experience as opposed to being a headache and a drain on your wallet (there’s a fine line).  A 10% fee may sound like a lot to some owners but just think about it. Say you have a property rented out for $1000 a month. You pay the PM $100 a month and they handle all the headaches, all the telephone calls, collect the rent, and any other attention the property may need – what is all that worth to you?

When you buy one of our rental properties you are able to stick with current management, manage it yourself, or use any other manager you feel comfortable with.

We offer Project Management, Consulting, & Deal Analysis for any of your real estate projects.