Why should I consider a Management Company?
A management company is a practical solution to today’s very busy world where there is less and less leisure time. A professional management company can free up precious personal time, while sparing landlords much of the headaches, aggravation and uncertainties that often come with investment property and their occupants.
What kind of services should I expect?
- On-call 24 hours a day - Seven days a week for emergencies and routine maintenance. All calls are “qualified” before appropriate action is taken.
- Tenant Search - Secure the best qualified tenants at the “best” or “desired” monthly rent using a thorough application process.
- Rent Collection and Bill Payments - Collect and process rent payments, pay all Bills associated with the property and forward or direct deposit adjusted balance to the Landlord in a timely manner.
- Bid Gathering and Supervision of Maintenance, Repairs & Improvements.
What should I expect to pay for this service?
The industry norm is to charge a percentage of the monthly gross rental income to manage income property, whether it be a single condominium or a six unit multi-family. While a number of agencies charge percentages that can range from 8% to 12%, our office charges 6% to 8%.