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?
Rented for $1,795 on
Total refresh in '15! Fantastic single level home on a cul-de-sac, 3-car, fresh paint, new tile, new granite, stainless and more! Peaceful cul-de-sac in highly desirable Gilbert/Val Vista neighborhood. Living and dining room combination with plantation shutters. Double door entry to office off of entry with new tile floors. Large great room/family room with tile, granite counters, stainless appliances, breakfast bar and breakfast nook all with vaulted ceilings. Master toward the back with vaulted ceilings, plantation shutters, oversized bath with double sinks and sep. tub and shower plus walk-in closet. 2 additional bedrooms and full bath complete the interior. Large cul-de-sac lot features lovely pool and mature landscaping.