When homeowners are looking for companies that manage rental property, a common question is whether to find a Realtor or hire a management company. Most experienced investors will recommend a specialist, and in this case a specialist is a person or company dealing solely in rental property management, and not the buying and selling of homes.
Property Management for Rentals: Costs
The cost point of finding the right Realtor is different than finding a good property manager. Real estate agencies will charge the equivalent of one full month of rent to create an MLS listing, market your home, screen applicants, and then place a tenant. They usually won’t continue managing the property after that, and you’re on your own. At RPM Gold, we charge 59 percent of your first month’s rent, and we continue to manage the home after it has been leased. With rentals as our only business, the average vacancy time at our company is 17 days. That’s pretty good, and there are other perks that come with using a professional property management company instead of a real estate agency.
Availability and Responsiveness
Availability is extremely important to you as a homeowner, especially when you want to get your property rented out as quickly as possible. Less downtime and turnover time is financially better for you. Property managers send weekly updates when your property is on the market, and someone is always available to you and your tenants. You can reach us by texting, calling, or emailing. When you’re hiring someone to provide rental property management, you want to be sure they’ll get back to you quickly and keep you informed. You want updates about your property and the market in general. We make sure you know what’s going on every step of the way.
Providing Peace of Mind
When you hire a property manager to market and manage your home, you need an expert. The best thing for investors and owners like you is to be hands-off and not have to worry about anything. If that sounds like what you want, look for a property management company who will devote themselves full time to caring for your asset.
If you have any questions about the services we can provide for you in southern Maryland, please contact us at Real Property Management Gold.