As a rental property owner in Waldorf, getting the right property management company can be what makes the difference between having success in real estate investing and a life full of hassle, hard work, and frustration. Property management is a 24/7 job, and the more rental homes you own, the more time and effort it takes to properly take care of each one. Employing a property manager to aid you in handling with the workload and keep your rental homes occupied and profitable. Nevertheless, the wrong property manager can actually exacerbate matters by making costly mistakes.
Other property management companies would rather have you guessing or figuring it out on your own instead of spending the time needed to evaluate the rental market and set the best monthly rate. Having the wrong monthly rate is problematic due to two reasons: if the rent’s too high, you may struggle with renting out your property, but if it’s too low, you’re going to be losing rental income every month or even have potential residents assuming there are issues with the property.
When the property managers at Real Property Management Gold initially sign on with an owner, they then begin a thorough property evaluation to check and see if the rental home is ready to draw in high-quality renters. The condition of the home is evaluated, along with the current rental market, to guarantee that your rental homes are competitively priced.
Another costly mistake other property management companies make a lot of the time is in the way they attract and screen potential tenants. Some property managers don’t go beyond setting up a sign in the yard and just running the applicant’s credit history, neither of which is good enough for finding quality tenants.
All rental applicants that Real Property Management Gold considers are thoroughly screened with full background checks that include credit, criminal, past rental, and income history. We want to fill vacancies with quality tenants who are going to handle your rental property with care during their stay and adhere to the terms of your lease.
Once new renters have signed a lease, other companies will often ignore every maintenance and repair request. They force their tenants to live with problems that start small but could eventually turn into expensive repairs. These companies usually have a high turnover for this reason, since unsatisfied renters rarely stay long in a home where their property manager ignores or refuses reasonable requests.
At Real Property Management Gold, we have a proactive management approach to all repairs and maintenance. We give each of our owners a password-protected account that they can use to view maintenance and repair information on their properties at any time. Monthly financial statements and clear, up-front fees give you control over your investment.
When a renter signs a lease with Real Property Management Gold, they sign their name to specific, legally binding documents that are meant to streamline the terms and define the consequences of violating those terms. They are aware from the very first day that their property manager will be routinely monitoring the property, which is going to help them stay vigilant.
Unlike these other business models, Real Property Management Gold has been known for delivering quality, comprehensive service – and for good reason. For over thirty years, we have made it a priority to provide a unique approach to property management that places the best practices and greatest tools of the industry at your fingertips.
As a Waldorf rental property owner, you should have a property manager who will work to protect your investment without disturbing your life. By choosing Real Property Management Gold, you are choosing true peace of mind. Do you want more information? Please contact us online or call us at 301-392-2172 today.