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How Do Property Management Companies Work?

Are you trying to juggle owning and managing multiple properties? There is a lot of effort, time, patience, and property management know-how that barely scratches the surface within that full-time service. Working with a property management company like ourselves here at Real Property Management Distinguished Care, allows individuals peace of mind and comfort in knowing their properties are being effectively and professionally managed for them! 

 

Landlords and property management professionals work hand in hand to keep properties and their tenants living peacefully and harmoniously. By working with Real Property Management Distinguished Care, you can hand off some of the daily responsibilities and tasks you may find are crowding your average day such finding new tenants to rent a property, employing a handyman service for repairs, or collecting rent for your bookkeeping. Other responsibilities may include services specific to the property itself such as responding to maintenance and repair requests from tenants to determine the next steps to take, or even advertising available properties to get the word out to prospective renters or tenants. Our property managers can also assist with accounting for your expenses, to keep maximize and track your income! Every Real Property Management Distinguished Care client receives a password protected online account for easy access to their financial reports and records whenever they’re needed.

 

It all comes down to what exactly you’re looking for in reference to your properties! Do you need someone to draw up lease documents? Or maybe you need someone to screen tenants for you and perform background checks? Some landlords may look to deal with tenant screenings themselves, but as long as all leasing complies with the Federal Fair Housing Act that can be down to a personal preference for what kind of responsibilities you’re looking to pass on. 

 

It’s important to know that when working with a company like ours, you’ll never be in the dark in relation to your own property. One concern that is often brought up about property management is relinquishing control and responsibility of your financial investments to another person. RPM Distinguished Care goes above and beyond to ensure that you not only are in the loop about any changes, updates, or status related to your properties, but that you know exactly what our managers’ roles are for each and every step. Communication is key! The ideal outcome? You feel comfortable letting your property management company take care of your properties and tenants, and you can then just sit back while the work (and your investment) is taken care of for you! Rent and direct deposits, and any important decisions or situations that may arise, should be the minimal amount of engagement you’ll be required to be a part of when working with a hands-on property management team!

 

An excellent property manager will be well worth the cost as well, as it’s more of a wise financial decision and investment than a business cost. Working with a property manager will allow you to perform your position as a landlord with more efficiency, which will only make your business decisions more sound and profitable. There’s the age old saying about business that you get out of it what you put into it, and you’ve been putting hard work into your properties for a long time. Perhaps you’ve built up the experience of owning property and you’re shopping for the right property manager for you? Either way, we’re glad you’re here, and we’re happy to dive more into what makes RPM Distinguished Care stand out from the rest!

 

What sets our property management service apart from the rest? 

We focus on communication as our highest priority within our business, in order to keep you updated on your property’s activities, vacancies, leasing, maintenance, reviews, and financial reports. Whether you live nearby or out of state, you’ll always be in the ‘know’. We also understand that each day your property sits vacant is money out of your pocket. RPM Distinguished Care will advertise your property on high traffic rental and classified sites in order to get them filled faster and more effectively. We even add a professional ‘For Rent’ yard sign to add exposure to drive-by prospects. Before marketing and advertising, our team will discuss all other details about your listing such as an analysis of your overall property condition, the surrounding area’s features, and rental market rates. If any changes need to be made to your listing to attract the high quality tenants we connect with, we’ll provide those recommendations at the start.

 

Once we review those individual details for your properties, we then begin the process of tenant screening and selection. Choosing the wrong tenants can bring on unnecessary stress or negative situations that can come back to bite you. You can avoid that all together by working with a professional property management company like ours, because we’ll have your back from the very beginning. Every tenant application will be properly reviewed and verified based on background checks, employment verification, rental history, and credit. Everything you’ll need to make sure your investments are in good hands, and the guidance to move forward in sound business decisions!

 

Your RPM Distinguished Care Leasing Agent will then manage the entire leasing process from draft to signing, ensuring that all contracts are signed and executed properly. A thorough review and walk-through of your property will be documented as well to protect your property from any condition changes or damages when the tenant moves away. We double check things like the condition of your walls, AC unit and other appliances, doorways and hinges, windows, countertops, carpets, and more to create a detailed checklist of the status of every aspect of your home before the tenant(s) move in. In some cases, pictures may even be taken for comparative purposes!

 

Once your tenant has moved in and happily occupies the property, our agents can take care of the monthly rent collection and you’ll receive a deposit within your account in a timely manner. With Real Property Management Distinguished Care’s systematic process for rent collection, tenants have a variety of payment methods and incentives to pay on time. A great benefit of working with a property management team like our own is that you’ll start to see a positive relationship begin to bloom between your tenants, your agent, and yourself! We find that positive relationships such as these lead to timely rent payments and better care given to your property, as well!

 

As the cherry on top for making sure everything stays running smoothly for you, our property managers conduct regular evaluations and inspections in order to be certain your tenants are following the terms of their rental agreement to a ‘T’. If something is in need of repairs, you can count on our property managers to get connected with our extensive network of contractors, vendors, and handyman services for property maintenance and repair to get the job done right. Our list of referring businesses are based on exclusive partnerships with exceptional individuals you can trust and count on to deliver. 

 

No one ever really wants to discuss evictions. Should anything ‘go south’ and an eviction is being discussed, our property managers know how to safely navigate those waters in order to best protect you and your property. Even with careful tenant screening, life does still happen or relationships can sour. Payments may go missing, communication can fall through the cracks, and damage may be done to your property. If something happens and your tenant needs to be evicted, you would have comfort in knowing that you’re not fighting alone-we’ve got your back. Our property managers would handle the eviction process with as smooth of a transition as possible in order to get your property back on the market and fitted with a satisfied, verified tenant once more. If your property is in need of repairs, we’ll assist in connecting you with the right network of industry related professionals that can help make it alright again.

 

We know how much effort goes into taking care of your property, and you deserve to share those responsibilities and relax as your investment grows! You don’t need to be both landlord and property manager when you work with a team like Real Property Management Distinguished Care! If you’re interested in seeing how we can help clear your plate a little and lighten your load, reach out to us today and let us know! 

 

You can be as hands on or off as you’re comfortable with, and if you have questions relating to a special situation with your property we bet we can help! Property management has so many in’s and out’s, especially in the day to day. You can flourish your business and financial investment, and trust that you’re in good hands by working with a professional and reliable property manager or property management team!  So take a deep breath and relax, property management companies work for the sake of their landlords and tenants. Property management is our expertise, and we’re always happy to help!

 

What do property management companies do and how do they work? 

We assist landlords in protecting, caring, and supporting their investment properties, with the added bonus of making their lives easier. It’s as simple as that.

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.

The Neighborly Done Right Promise

The Neighborly Done Right Promise ® delivered by Real Property Management, a proud Neighborly company

When it comes to finding the right property manager for your investment property, you want to know that they stand behind their work and get the job done right – the first time. At Real Property Management we have the expertise, technology, and systems to manage your property the right way. We work hard to optimize your return on investment while preserving your asset and giving you peace of mind. Our highly trained and skilled team works hard so you can be sure your property's management will be Done Right.

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