9 Biggest Mistakes in choosing a Property Management Company.
Paying a percentage (%) of the lease price as a Management Fee. Why do some companies charge twice as much to manage a $2000/month home as a $1000/month home? Are they harder to manage? No. In fact, low priced homes are the hardest to manage. Tenants in those homes are usually younger, lower income, and financially or emotionally vulnerable to life’s changes. As a result there are more job losses, break ups/divorces and surprise financial happenings that can easily affect the likelihood of getting rent on time (or at all). Renters Choice charges a low flat fee of $85 per month for any home we manage.
Trusting your Management Company. Does that sound cynical? Yes. But after years of shocking stories of promises made and not delivered by other companies, not trusting your property management company is the wisest move a smart property owner can make. With Renters Choice all of our communications are documented and available to you. All repairs have invoices with photos proving the repairs were done. All inspections are documented and date stamped and continually available for your review so that you know that we have done what we have said we would do. Will you trust us? Of course. But we believe you should “Trust but Verify”.
Choosing a Property Management Company doesn’t use electronic lockboxes. Not only do we use electronic lockboxes that requires tenants register to use them, we use Realtor electronic lockboxes as well. They track all activity from who seen the house to when. They also allow us to get feedback on all showings. With feedback we can quickly discover if your price is in line with other rentals in the area or if there is an easily curable condition that we can take care of quickly. That reduces market time and vacancy days. We never use generic combination lockboxes and give the prospective tenant the code. That is a huge security issue. Once a tenant has the combination what is to prevent them from coming back into the home and taking what they want?
Sold for $131,000 on Nov 15, 2016
Fantastic privacy from this La Brisas condominium that is tucked in the far NW corner of the complex. Single level, single story unit has no neighbors above or below and only one on the side. Enter through covered patio to large living room with new travertine-look large tile and corner fireplace. Adjacent dining room with door to shared but completely walled patio/courtyard. Fresh paint throughout. Ample kitchen has lots of cabinets and newer appliances. Split floor plan has a master with slider to patio, large walk-in closet and master bath. Other bedroom has walk-in and is very quiet. Guest bath is oversized and has tub/shower combination. Enjoy the luxury lifestyle of Las Brisas with gated entry, workout facility and multiple pools.