If you own rental properties as a hobby you might be in the wrong hobby. Whether you own one rental property or multiple, you now own an investment and a business. This is the only way to maintain consistent cash-flow. Collecting rent on time every month is non-negotiable. Tighter rent collection processThe way rent collection and late payments are handled can be the difference between success and failure as a landlord. These kinds of programs require a consistent, systematic approach, which is where a good property management company will shine. This is a time-consuming and expensive process that can often be averted by keeping tenants happy and well cared for. A good property management company will have a time-tested tenant retention policy that ensures happy tenants with lengthy stays in your properties. The turnover process involves a thorough cleaning, changing the locks, painting the walls and possibly new carpet or small repairs, not to mention all the effort associated with marketing, showing, screening and settling in a new tenant. Better tenant retention While its easy to see the effects of lost rent, there are other equally serious problems with a high tenant turnover rate. ![]() Lastly, they are familiar with sales and know how to close when they field calls from prospects and take them on showings. Additionally, because of their volume they can usually negotiate cheaper advertising rates both online and offline. Determining the optimal price requires knowledge of the local market, data on recently sold comparable, and access to rental rate tools.Effectively market your property – An experienced property management company has written hundreds of ads and understands what to say and where advertise in order to get a larger pool of candidates in a shorter period of time. View Our GuaranteesWhy Use Our Property Management Company?Shorter vacancy cycles A property manager will help you perform three critical tasks that affect how long it takes to fill your vacancies: Improve and prepare the property for rent – A property manager will suggest and oversee cosmetic improvements that maximize revenue. Determine the best rent rate – Too high and you are stuck waiting, to low and you’re losing money every month the tenant is in the unit. Each of your account professionals meet daily in our morning “stand-ins” as well as our weekly “property-outlook” meetings to discuss YOU and YOUR Ogden or Weber and Davis County’s property. ![]() ![]() We treat your property in Ogden and throughout Weber and Davis County’s as though it is one of our own.Advanced and Aggressive MarketingComprehensive Screening and Background ChecksExpense ControlExpert In-house Maintenance PersonnelCompetitive Bulk Service ContractsState-of-the-art Property Management SoftwareAccounting ControlsEmergency Response Each owner is assigned a Site Manager, Rental Marketing Specialist, Administrative Assistant, Accounting Professional, and a Maintenance Technician to ensure nothing is overlooked in the protection of your property and ensure maximum return on your investment. ![]() Why Use Reeder for Property Management in Ogden?With our experience, we are able to help your property have shorter vacancy cycles, better tenant retention, and have tighter rent collection process, lower maintenance and repair costs, and less stress and more freedom as an owner.As investors and rental property owners ourselves for nearly two decades, we understand better than anyone, the special dynamic to successful property management.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |