UPDATED June 3, 2020
As the owner of the company I wanted to take time to reach out to you regarding how we are handling the current world pandemic and how it relates to your rental property.
We want to make it clear that Real Property Management is dedicated to managing your rental and we WILL NOT be shutting down under any circumstance.
The Southern Maryland Rental Property Market continues to heat up since the starting of the COVID19 process.
Currently March 16, 2020 to May 31, 2020
RPM GOLD has rented 40 of our of 44 Homes Listed
RPM GOLD Occupancy Rate has increased from 91% to 92.7%
RPM GOLD Average Days on Market decrease from 26 days to 11 Days on Market
Avg Renter Credit Score has Increased 84 Points.
Southern Maryland the majority of the renter base has stable employment in government and military fields. RPM Gold has only seen a 3% increase in delinquent accounts as a result of the pandemic in April 2020. We are committed to only renting to qualified renters who have stable employment throughout the crisis.
We are seeing buyers pulling out of the market and coming over to the Rental Side. We currently have more potential renters than houses available. This will cause rental rates to increase. NOW IS THE TIME TO RENT.
Our company was built operationally on a foundation to handle these situations. All our employees have the capability to work from home remotely and we have technology that can allow inspections and showings to be done virtually if necessary.
Currently the only restrictions we have in place is that we are not allowing in person office visits and we are not conducting routine inspections on occupied properties. We are currently still conducting move in/out inspections and showings in small groups as permitted. Our staff are taking precautions regarding sanitation and hygiene to ensure the safety of themselves and our customers in the field. We have moved to fully virtual showings and inspections.
I also want to ensure you that we have been in contact with all our field Vendors and technicians. We currently do not have any vendors that are ceasing operations. All our vendors have been notified and are taking extra precautions in regard to sanitation and cleanliness as they visit homes. We are currently seeing zero disruption on the maintenance side of our business.
Currently we are only seeing a 3% increase in delinquent accounts due to the COVID19 crisis. All affected tenants have provided us information and we have worked out payment plans going forward on a case by case basis. We still do have collections actions that can be taken if necessary.
Evictions and Notices to Vacate will begin processing in the Courts of the state of Maryland again on July 25, 2020.
Also once the State and Local governments move to phase 2 of the Maryland Strong Recovery plan RPM Gold will move “new normal” operations. In person showings, inspections, home assessments, and office visits will resume with limits of attendees to 10 people or less and proper masking/sanitation procedures in place inline with state guidelines.
Rest assured we will continue to work hard on your behalf throughout this crisis in its entirety to ensure your property is being handled with fairness and care going forward. If your a current client a representative from our office will be reaching out to you via phone within 14 days to review these talking points and answer any questions. If your interested in becoming a client we are still accepting new clients at this time. If you need anything in the mean time as always we are here for you and feel free to reach us via phone 301-392-2172 or at the web form below.
