A professional Property Manager manages the leasing and management of your property. Real Property Management Associates works to keep a landlord’s life Hassle Free and give you peace of mind. We have 3 main goals:
- Maintain the property
- Minimize the costs
- Maximize the income
The two main functions of a property manager are leasing and managing the property.
Leasing
This involved marketing your property and vetting applicants. A property manager will stage and take pictures of your property and advertise on numerous internet websites. The next step is showing the property. After the prospect applies, the applicant should be vetted. Checking; credit, criminal, employment, residential history, and evictions. References need to be called. Rental rates need to be set.
Finding long-term residents is important as this reduces the re-occurring leasing cost. Resident turnover is costly. During the process, there are laws to remain aware of, like Fair Housing laws. A leasing fee for a Realtor is generally one month’s rent, and a property manager’s fee is as low as ½ month’s rent.
Property Management
Real Property Management Associates manages the day-to-day activities and the tenants. This involves:
- Dealing with complaints
- Move in and out of tenants
- Evictions
- Maintenance coordination
- Awareness of tenant/landlord law
- Regular property reviews
- Handling 24/7 hotline
- Scheduling repairs
- Vetting vendors
- House improvements
- Managing rent collections
- Paying out the vendors and landlords
Management fees can range up to 10% of the monthly rent. At Real Property Management Associates, the rate is 7.8% of the rent collected. Contact us for more information and pricing specifics.