As a rental property owner in Wake Forest, hiring the right property management company means a life of real estate investing success. The right company will put a stop to the frustration, hassle, and hard work. Property management is a 24/7 job, and it takes time and effort to manage each rental home properly. The more rental homes you own, the greater the time and effort you will need. The answer to the workload problem is to hire a property manager. They would work to ensure your rental homes stay full and profitable. However, the wrong property manager would end up making poor decisions and costly mistakes. They would be of no help at all.
Other property management companies fail to do the proper research to arrive at the best monthly rate. Instead, they take a guess or ask you to be the one to evaluate the rental market yourself. The wrong monthly rate is definitely a big problem. If the rent is set too high, this makes the deal unattractive to potential residents. But if the rent is set too low, then you won’t be getting the optimum income, and some of the interested people might be suspicious about the price and think something is wrong with the property.
When the property managers at Real Property Management Raleigh first sign on with an owner, they begin a thorough property evaluation at once. This makes sure that the rental home is ready to receive high-quality renters. They take a look at the condition of the homes and also the current rental market. Their evaluation would determine the best competitive prices for your rental homes.
Another expensive mistake often made by other property management companies is in the way they draw and screen potential tenants. Some property managers settle on placing a sign in the yard to attract tenants and running a rudimentary credit history check to screen them. Neither of these is sufficient if you want quality tenants.
Every rental applicant that Real Property Management Raleigh considers goes through thorough and full background checks that include credit, criminal, past rental, and income history. We want to fill vacancies with responsible tenants that would look after your rental property during their stay and also observe the terms of your lease.
Once new renters have signed a lease, other companies will take that as the end of their responsibility and ignore any request for repairs and maintenance. This forces their tenants to live with problems that, though they began small, could grow to become huge and expensive repairs. These companies typically have a high turnover for this reason, because renters get frustrated and leave when their property manager won’t act on their reasonable requests.
At Real Property Management Raleigh, we take a proactive management approach to all repairs and maintenance. We present each of our owners a password-protected account that gives them 24/7 access to their property information. They can see the repairs and maintenance logs of all their properties any time they want. Monthly financial statements and clear, up-front fees put you in control of your investment.
When a renter signs a lease with Real Property Management Raleigh they adhere to specific, legally binding documents that are intended to streamline the terms and outline the outcome of violating those terms. They know from day one that their property manager will be keeping tabs on their property regularly, helping them be observant, as well.
Unlike these other business models, Real Property Management Raleigh has a track record that shows quality, comprehensive service delivered consistently— and for good reason. For over thirty years, we have prioritized providing a unique line of action to property management that puts the best practices and the best industry tools in your hands.
As a Wake Forest rental property owner, you need a property manager who will strive to protect your investment without disrupting your life. By choosing Real Property Management Raleigh, you are choosing real peace of mind. Do you want more information? Please contact us online or call us at 919-481-0008 today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.