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 $230,000 on Apr 25, 2018
Two bedroom + Den/office, fantastic location, larger pie shaped lot w/easy care landscaping make this resort style home in gated Ravenswood ideal. Great room concept w/oversized kitchen that features tons of cabinets & counter space, neutral colors, laminate floors in great room, light carpet & vaulted ceilings. Slider to covered patio, flagstone walkways & patio make this feel like a private hideaway. Master has slider to patio & master bath feature walk-in closet w/closet organizers & oversized shower. Den/office off of the living room features a double door entry. Second bedroom and full bath are at the front of the home and are wonderfully private. Bath features a tub/shower combination. Entry courtyard is lockable for even more privacy! Wired for security alarm on all doors/windows