RL Property Management

Columbus, OH

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About this pro

How does your service stand out?

Three things make up the core of our differentiated offering: -Founded and lead by two engineers (not realtors). -We do not charge a leasing fee (a fee to find and place a tenant), which aligns our incentives with that of the property owner. Also, we don't charge a monthly management fee for vacant units. -We do not do sales. All we do is property management. This means that every member of our team shows up to work 100% focused on making our tenants and property owners happy.

What do you enjoy about the work you do?

Our company enjoys improving our internal processes and systems over time to improve the way we manage property as we gain skill and experience. We leverage our engineering background to tweak and tune each aspect of how we manage property, from leasing, to rent collection, to maintaining your property in the most efficient way possible to head off future repairs.

Location

Columbus, OH 43205

Website

Background check

Complete

Years in business

4

Number of employees

9

Times hired on Thumbtack

3

Reviews

6 Reviews
  • Ryan G. Jun 27, 2017
    Property Management
    Verified Review
    Had a great experience with RL Property Management. Peter met with me promptly and explained in detail how his business works, what he can provide, and the costs associated with it. It was great to have such a Service, as I was relocating to the south and needed to find someone trustworthy and responsible enough to take care of my rentals. I would definitely recommend RL Management, they continue to provide a great service for me.
  • Thumbtack Customer Jun 26, 2017
    RL Property Management was extremely helpful as I started my first rental property. They helped me to receive a much better rental rate than I originally estimated, and have been responsive with the questions that I have about the process and maintenance of the property.
  • Pete L. May 16, 2017
    Peter and Adam are experienced, consummate professionals who you can trust to maximize your investments potential.
  • Doug P. May 13, 2017
    I live twelve hours away from the property I inherited from my mother. There is no way I could have kept the property without the services provided by RL. They've been completely transparent, and very easy to work with. I recommend them highly.
  • Joe P. May 12, 2017
    There are other property management companies in town - and I am familiar with many of them - but none can hold a candle to RL in terms of performance and professionalism.
  • Aaron B. Feb 17, 2017
    Highly recommended!
    RL Property Management has been an amazing help with our rental property. Despite living overseas we feel confident they are looking after our best interests. Always very friendly and helpful explaining sometimes complex legal and business situations.

Q&A

What is your typical process for working with a new customer?
1. Set up a meeting at the property, or call, to review the property condition and review our services. 2. Review the market lease rates (if vacant). 3. Review and sign a property management agreement. 4. Receive owner handbook. 5. Complete start-up tasks.
What education and/or training do you have that relates to your work?
Peter received his Bachelor of Science degree in Electrical Engineering from Geneva College in 2007 and worked as a control system engineer for six years. Peter left engineering behind in 2013 to found RL Property Management Group. Peter’s leadership as CEO has taken RL Property Management from 0 to over 300 units under management in two years. There, a team of nine full-time employees processes a rent roll of over 3MM/yr for 90 clients. He also obtained his real estate broker’s license in 2015, and recently took an adjunct instructor role at Hondros, a local real estate college. Peter regularly attends national property management conferences to learn from and network with management company owners across the US. nt in the State of Ohio.
Do you have a standard pricing system for your service? If so, please share the details here.
Our standard pricing is $99/mo per unit, with no charge for leasing/tenant placement. We offer discounts for multi-family properties over 8 units.
How did you get started doing this type of work?
When I first started investing in real estate in Columbus, back in 2008 while still working as engineers, my business partner and I looked for a property management company to handle our rentals. However, we could not find a property manager we liked and so decided to manage them ourselves. Being engineers we developed some systems and processes to do this, and over time we heard from other investors that they either did not like their current property management company or could not find one they liked. This sounded like an opportunity and so we became licensed, quit our jobs in 2013 and started RLPMG. The company has grown steadily ever since.
What types of customers have you worked with?
We work with three primary types of customers: 1) Seasoned local investors who own one or more rental properties, who are looking to expand their holdings and/or step back from the day-to-day management to focus on their career or retirement. 2) Homeowners who are moving away and are unable (or have no desire) to sell their home, and would like to rent it out for an extended period of time (2+ years). 3) New investors just starting out, who either live out of state or have no desire to deal with tenants and other headaches.
Describe a recent project you are fond of. How long did it take?
Recently we started experimenting with full-time AirBNB units (short-term rentals), including one located in Olde Towne East which has enjoyed good occupancy levels. This is not something we are currently offering to customers, but we have enjoyed the challenge and may offer this in the future once we feel that our company has a good system in place for effectively managing them.
What advice would you give a customer looking to hire a provider in your area of work?
1) Check for hidden fees. 2) Ask how their employees are compensated and if they are doing sales activity also. 3) Try to determine if they have experience with your property type.
What questions should customers think through before talking to professionals about their project?
1) What are your goals for the property? 2) Do you have funds for capital reserves (things like HVAC or roof repairs) 3) How much involvement/communication do you expect from the manager?