Q. Describe the most common types of jobs you do for your clients.
A. We manage all types of residential rental properties, including condos & townhomes, single family homes, and multi-family properties.
Q. What advice do you have for a customer looking to hire a provider like you?
A. Please understand that high quality properties are the one's that most successfully compete for good tenants and the highest rents. We will work hard to make your property the gold stardard in it's market. We need you to share that vision.
Q. If you were a customer, what do you wish you knew about your trade? Any inside secrets to share?
A. A saying often heard in management is "never accept a numbers-only report." This is very true in the world of investment real estate. Properties that are generating good profits today may fall into decay if not inspected and properly maintained. Our monthly reports don't just include income and expenses. We inspect and report on the condition of our client's property so that repairs can be made before they become too costly or reduce the competitiveness of the property in its market.
Q. Why does your work stand out from others who do what you do?
A. We are very hands-on, visiting our client's property regularly so that we get to know the tenants and their needs.
Q. If you have a complicated pricing system for your service, please give all the details here.
A. Our pricing is very simple. We typically charge a percentage of the actual gross rent collected. The percentage depends upon the level of service desired. For example, if an owner wants us to collect rent, pay bills typically paid by the owner, and then forward the net rent each month, plus all our other services, we typically charge 10%. If the owner wants us to find tenants when the property is vacant ("leasing"), we typically charge 4%. Each client has different needs and we structure our contract to provide cost-effective and affordable services.
Q. If you were advising someone who wanted to get into your profession, what would you suggest?
A. Property management requires experience that can usually be gained only by working for a property manager or property management company. This is a profession that is regulated by the Department of Real Estate and a broker license is required