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 $125,500 on Aug 8, 2019
Wonderful Sun City condo/townhome. This light and bright home features new carpet throughout, large living room with room for dining, galley style kitchen with tile floors and breakfast nook. Master with walkin closet. Full bath with tub/shower combo. Add'l bedroom could also be a wonderful den as it has access to the sun room and enclosed porch and access to the kitchen. Sunroom has pass-through to kitchen for delightful spring parties. Additional storage too. Enclosed porch has fake grass for the yard without the headache feel. Recently painted inside. Over 55 community. Lots of extra parking for guests and storage galore! Community Features Biking/Walking Path, Clubhouse/Rec Room, Community Tennis, Media room, Handball/Racquet Ball Heated Pool and Workout Facility, Golf Course and more