The most important thing the "right" property manager can do for you is to keep your property rented. Property managers need to make it easy for a potential tenant to rent a property.
How Does The 'Right' Property Manager Enhance The Value of Your Rental Property?
1. How Does The 'Right' Property ManagerHow Does The 'Right' Property Manager
Enhance The Value of Your RentalEnhance The Value of Your Rental
Property?Property?
2. No property manager can execute perfectly
but the "right" property manager knows how to
keep properties functioning and making money
24 hours a day, 365 days a year.
4. The "right" property manager can do for you is to
keep your property rented.
In order to do this, they need to manage the tenant mix.
It helps if the property is located in a great location, but
even if a property is located in a "C" location surrounded by
crime, the right tenant selection can save it.
5. Property managers need to make it easy for a
potential tenant to rent a property:
Clear and easy web access is critical
Online applications make it easy to apply
Ease of access to a rental unit and meeting with an on-site
manager who wants you as a tenant and welcomes you to the
property
6. Does The Property Look Good?
Tenants and owners both judge a book by its cover. The
potential tenant will drive on by if:
The property does not look clean and picked up
The property looks work out and needs touch up paint
The asphalt looks old and the parking lot is not seal coated
7. Property Managers Should:
Have excellent, reliable vendors who are licensed and
bonded
Make sure invoices are clearly marked by unit
Spot check property inspections to prove that the work has
been completed as invoiced
Vendor policies in place that protect clients, properties and
the property manager
8. The "right" property manager focuses on:
Preventative maintenance.
Staff availability 24 hours a day -
365 days a year.
Developing an annual budget and
managing to that budget.