When you are looking for a professional Summerville property management company, you should have high expectations for how they will help your investment property perform. A good management company will ensure you earn consistent rental income while protecting the value of your asset and responding to the needs of you and your residents.
If you’re a homeowner who has never worked with a Summerville property manager before or you’re recovering from a terrible experience with a bad property manager, we’d like you to know that our standards are set very high. We’ll provide more than the basic services of rent collection and tenant placement.
When you’re looking for property management services, you should expect all the expertise, resources, and advice that you want from experienced professionals.
Tenant Placement with Marketing and Leasing
Successful rental experiences start with high quality tenants.
This requires a good marketing strategy, an excellent commitment to communication, and an awareness of the local market. A full-service leasing and management company should understand your home’s rental value and how it compares to competing properties. Your management company should take professional pictures and market your listing on all the popular rental websites that tenants are using. They should also respond to questions and messages swiftly and schedule showings.
You’ll need a thorough application and screening process that follows all fair housing laws and includes recent requirements.
Urgent and Responsive Maintenance and Repairs
Property managers will respond to routine and emergency maintenance situations, and they should also keep an eye on preventative maintenance. You don’t want to replace your heating and cooling unit every few years, and you should expect your management company to keep your maintenance costs down. They should partner with preferred vendors who offer discounts and provide outstanding workmanship. You need a property manager who can be counted on to respond to emergencies 24 hours a day.
Lease Enforcement and Rent Collection
Enforcing the lease is an important part of property management, and you want a full-service property management plan to include on-time rent collection, easy electronic payments, and great tenant relationships that provide you with peace of mind.
Your property manager should conduct detailed move-in and move-out inspections that document the condition of the property. If there’s a lease violation or rent stops coming in, you’ll want your property manager to take the appropriate steps, including eviction if necessary.
Transparent Accounting and Reducing Risk
Full-service property management includes staying up to date on all the laws pertaining to your rental property and your tenants. The rental laws in South Carolina are fairly landlord-friendly, especially compared to other states, but they’re always growing more complex. You’ll want to hire experts in the field who can help you with updated lease agreements and disclosures. Legal mistakes can be expensive, and you want to avoid those.
Regular accounting statements should also arrive, usually when your rent is paid. Good property managers show you the income and expenses associated with your property, and provide all the information you need in a way that’s accurate, detailed, and transparent.
Investment Advice and Identifying Opportunities
Full-service property management services should also include a complete strategy that addresses all of your goals as a rental property owner and investor. When you want to begin growing your portfolio, we can help by taking a look at your investment goals and deciding which properties would make the right investment opportunities for you. We can help you acquire them in a way that you’re setting yourself up for consistent rental income and long-term ROI.
Your management team should help with every part of the real estate investment process. This includes helping you understand how much rent you’ll earn and how long it will take to rent the property out. It includes estimating the repairs and work that will be required to prepare the home for the rental market. It includes direction with financing, insurance, and assistance in closing the deal.
These are only a handful of the things you should expect from a full-service Summerville property management company. If you’d like to hear more, please contact us at ROG Coastal Property Management.