What’s The Deal With Property Management?

Posted Thursday, May 24, 2018 by Ellaine Gamez

When exploring long term rentals, you may find yourself asking many questions ranging from "why use a property manager" to "how do I best market my property". Which property manager to use and the decision to use a property manager at all can have a big effect on your experience as a landlord. At Elite, we consider ourselves to be full service. We want to be here to answer all of your questions. To help you make your decision, we wanted to answer a few of our most commonly asked questions when looking for a property manager. If you have any questions about property management or Elite, contact us here.

 

  1. Why use a property manager?

 

Property managers serve as the primary contact for prospects and tenants, saving you time and effort in marketing your property, collecting rent, handling maintenance and repairs, responding to tenant requests. and doing the less pleasant work of pursuing evictions, should that prove necessary.

 

For those who live far from their rental properties, a property manager can be invaluable. Having a property manager makes managing your rental investment less of a time commitment, without the hassles of trying to coordinate necessary repairs and connections from a distance. Busy landlords especially benefit from a property manager. Property managers deal with the day-to-day aspects of managing properties, so that you can spend your time elsewhere.

 

  1. How do you find a good property manager?

 

Interview companies and ask all of your questions before hiring them. Make sure that they are offering the services you want and have good reviews. Ask them how many properties they manage, how they market their properties, how often they will conduct inspections, what services they offer, what they charge, how they address maintenance issues, etc. Check out their current work-- see their ads for current rental descriptions. Look at the actual properties they manage and check to see if they look clean and well cared for. The more questions you ask, the better idea you will have of what each property manager offers.

 

  1. What services does your company offer me?

 

Like we said before--at Elite, we consider ourselves full service. We provide every service possible for our clients. This includes top of the line property marketing, tenant screening, maintenance, rent collection, property inspections, financial reporting, evictions, and legal guidance. We work hard so you don't have to. We ensure that tenants have undergone careful screening including background and financial checks to keep your investment protected. Our team coordinates with tenants and checks that all work meets our strict guidelines. We schedule regular inspections to every property and ensure that your home is top condition. At Elite, we generate monthly financial reports and document everything in an account portal so that you can check in at any time for an update. In the unfortunate event that anything turns sour, we take charge and take on the legal steps of the eviction process to minimize its impact on you. We monitor the laws and insurance regulations that impact your home and work to ensure that our clients respect all the rules.

 

  1. How do you market my property?

 

We work hard to ensure that your property is rented with limited vacancies. Our team works quickly to find new tenants, using online listings and traditional advertising to spread the word about your home. Our marketing materials are top notch. At Elite, we have a marketing department devoted to real estate marketing. Our network is wide and we do all that we can to ensure that vacancies aren't costing you money.

 

  1. What are your fees?

 

Quite simply, it depends. We have different plans for different clients. To get a quote, contact us and tell us a little bit more about your property and what you are looking for so we can see how we can suit your needs.



If hiring a property manager sounds right for you, we would love to help. Contact us to tell us about your property and find out if we're a good match for you. Having a property manager helps take the strain off of you as a landlord. We're here to support you and your rental investment.



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