Chapel Hill Property Management Companies Set Up to Save Headaches!

Posted by on Apr 3, 2017 in Uncategorized | Comments Off on Chapel Hill Property Management Companies Set Up to Save Headaches!

There are plenty of Chapel Hill Property management companies to help you with all of your property management needs. Property management in general terms is just handling the day-to-day bits of business, which could make your life a lot easier.

Take for instance the simple task of running reports on a client’s credit, rental history, criminal history and their ability to pay. For some people who are handling the management duties themselves, they may decide to skip one or all of these steps because of the hassle and extra time it creates, not to mention the extra money it requires a manager in order to run these reports. In turn, if you’re using a property management company here in Chapel Hill, that is just part of the application process, and they have a system in place in order to get the job done quickly and efficiently.

Do you know your way around the legal paperwork and the laws protecting the rights of landlords and tenants? Your property management company does. From simple questions about who pays for what to major legal issues, your property management company should be able to handle the majority of issues that arise.

Do you have the time or energy to devote to handling the day-to-day maintenance of all of your properties? Your management company should have someone on staff or the ability to hire someone specifically for your property in order to keep your investment in great shape and keep making you money. In the case of a brand new facility, you may not see this as a necessity, but if your properties have any age on them, this is a real problem that you’re going to eventually face.

Keep in mind, though, that once you hire a property management company, you should not keep yourself completely out of the loop. Assuming you have done your homework and hired a reputable company to take care of business for you, you should still keep your hands in the mix somehow to make sure things are being handled property, like repairs and dealing with tenants.

In the long run, the small amount of money that you will have to pay a property management company is worth the investment. Each company will have a different sort of fee structure. Some may take a percentage of your monthly rent payments while others may use a flat monthly fee to manage you properties. It’s entirely up to you to choose the best company that will fit your needs.

Read More

What to Look for in Fairfax, VA Property Management

Posted by on Apr 1, 2017 in Uncategorized | Comments Off on What to Look for in Fairfax, VA Property Management

What to Look for in Fairfax, VA Property Management

If you own an investment property and are searching for Fairfax, VA property management, there are several things you should consider. You want a property manager who will collect rent and other fees, deal with any day-to-day issues and generally look out for your best interests, as an owner. Here are some tips to help you find the right property manager for you.

Tip One: Get Referrals

Rather than simply selecting someone at random from the phone book, you should seek referrals. The real estate agent who helped you purchase the property may be helpful in seeking referrals. It’s also a good idea to search the Better Business Bureau and the Real Estate Commission to ensure there are no complaints on file against a potential manager.

Tip Two: Meet Potential Managers and Notice Any First Impressions

Once you’ve gotten a referral, meet a potential manager in person.

  • Is he or she professional and well-spoken?
  • If you were a prospective tenant, would you want to rent from this manager?
  • Does he or she seem organized and courteous?

Tip Three: Find Out How the Manager Handles Vacancies and Advertising.

Some important questions to ask include:

  • Where does the manager advertise vacant homes? Are advertisements placed in newspapers and websites?
  • What is the average time it takes the manager to find tenants?
  • How many vacancies does the manager have at any given time?
  • What kinds of signs does the manager place on the property?

Tip Four: Look Closely at the Manager’s Web Site

Some important considerations include:

  • The overall look, design, and feel of the site
  • The features offered by the site
  • Whether you, as an owner, can login and view your account
  • Whether prospective tenants can easily find a list of vacancies

Tip Five: Review the Tenant Lease Agreement Used by the Manager

Some important questions include:

  • How much security deposit is required of a tenant?
  • How is late rent dealt with? Are the consequences made clear to a prospective tenant?
  • Who should the tenant call with any problems or questions?
  • What is the monthly rent, and what is the length of the lease?

A property manager should be able to explain to you what an appropriate amount would be to rent or lease a particular property. He or she should be able to point to comparable rents on similar properties to explain how this figure was reached. As an owner, you want to make as much as you are able on your property, but if rent is higher than the comps suggest it should be, the property will likely sit vacant, giving you no income at all.

Finding the right Fairfax, VA property management takes time. But the time you invest researching and getting to know your manager will pay off because you will likely have fewer problems down the road. Perform your due diligence, knowing that your investment is worth it.

Read More

Use Experts: Expect From Professional Property Managers Culver City

Posted by on Feb 8, 2017 in Uncategorized | Comments Off on Use Experts: Expect From Professional Property Managers Culver City

Look For Common Traits When Choosing A Property Manager

The development of rental properties can lead to a profitable end for many real estate beginners and experts. A new landlord may also have other commitments that include a full time job and family obligations. Property managers are available to help handle the daily tasks associated with owning rental properties. There are definitely common traits that an investor should look for when signing a contract with this company. A well established business will have a clear history of helping clients, and they should offer each customer verifiable referrals. Most companies will have a website that gives details about their services. The client will want to read over any agreement that is offered to them.

A Good Company With Have Real Proof Of Results

A common positive for a well run property management company will be that they can refer new clients to existing customers who will give an accurate account of their experience with the business. Referrals may be clear proof that a business has followed through with the services that the client has paid them to do. The client will want to speak to more than one current customer to see if the results are the same for each property investor. Staff members should also be able to answer basic questions for all clients. A well run property management company will also offer valuable information to each customer based on their past experiences. Every client should expect from professional property managers Culver City outstanding services.

Research And Review Company Information

Another signal that the company is being run well will be the display of licenses and certifications. Staff members will have current knowledge of the real estate market for customers who expect from professional property managers Culver City results. The client will want to maintain tenants year round to ensure steady income. Most states require that a company holds the correct broker licenses in order to operate legally. There are also trade organizations that the main manager may be affiliated with. A website will give each prospective client a general idea of the services and mission of the property management company. The customer should review and speak directly to personnel at several companies before making a final decision.

Any Management Agreement Should Have Fair Terms

The agreement between the property manager and owner will need to clearly define the role of each party. Any services requested at the time of the initial consultation should be stated in the contract. The owner will want to know all services covered and any applicable fees. The client will expect from professional property managers Culver City compliance with all state rental and fair housing laws. This will limit the liability for the client. Terms should also be fair for both parties. The staff person may also have to familiarize the customer with the different documents that are used when renting to a tenant.

Continue To Grow A Rental Portfolio

An outstanding property manager will provide quality service that is based on a clear understanding of how to administer rental units. A licensed company will assist the customer with their current property and future locations as they acquire more units.

Read More

Affordable Property Management Company Servicing Langley, VA

Posted by on Jan 16, 2017 in Uncategorized | Comments Off on Affordable Property Management Company Servicing Langley, VA

For many property owners, deciding on the best property management company to oversee and otherwise service their asset is one of the most important decisions they will ever make. Entrepreneurs who choose to hand the reins over to a property management company are, after all, entrusting strangers to make decisions, support tenant relations, and minimize maintenance expenses on a major investment. In an industry that depends on efficient, trustworthy services, a solid reputation for affordability is as important as any other resources a company has to offer.

One company that has secured its reputation as an affordable property management company in the Langley, Virginia and surrounding areas is Circle Property Management. Established in 2008 by Principal Broker, Eric Guggenheimer, McLean Property Management is a full service property management company licensed in the State of Virginia. Since then, Eric and his team have consistently sought to offer cost effective management solutions, and the most comprehensive full service property services in the Langley and the surrounding areas.

At Circle Property Management, Eric and his team employ leadership talents and a soft touch reminder program to maintain contact with tenants over the course of their rental period. Gently reminding tenants to keep up with maintenance obligations including gutter cleaning, spring clean up guidelines, air filter replacement, and winterization of outside water spigots through technology and contact management software keeps tenants engaged and prevents costly mistakes that could cost the property owner major money in the future.

One of the features that further distinguishes Circle Property Management as a great option for investors looking for guidance and professional management resources is their multi-tiered affordable service plans. With three options available, the services offered are fully transparent, and bundled into an affordable monthly fee.

The A La Carte, base level plan is designed for investors who have some experience, but who need the support of professional management resources-but only sometimes. This plan starts at just $39 per month, and includes the basics including new tenant screening, online maintenance requests, and rent deposits, with many features available for purchase separately. The Turn-Key program is the ultimate, most inclusive plan that includes all available services, including monthly statements, rent deposits and all legal fees and court charges. Flat fee services offer a middle ground for clients requiring professional services such as initial property set-up with photos, rent payment notification and lease preparation but without all of the bells and whistles.

With three packages available, Circle Property Management has made it easy for new and existing clients to select the level of professional services that best suites their needs, as opposed to paying for extras they don’t really need or want. Their affordable plans also makes it possible for property owners on all levels to save money and offer the best possible experience to each and every tenant.

Read More

THE SCOPE OF PROPERTY MANAGEMENT NORTHERN VIRGINIA

Posted by on Dec 22, 2016 in Uncategorized | Comments Off on THE SCOPE OF PROPERTY MANAGEMENT NORTHERN VIRGINIA

Property investment requires more commitment of your time and deep knowledge of real estate business for you to maximize your returns and a property manager can be very helpful. The scope of property management Northern Virginia is impressive and will greatly relieve the landlord with a lot of normal responsibilities associated with owning a property. Below is the scope of responsibilities that are performed by the property managers:

The Link Between The Landlord And Tenant

The property manager will represent and act on behalf of the landlord when dealing with the tenants. This includes screening and selecting the tenants as well as collecting the rent. The tenant will report any matter concerning the condition of the property to the property manager who will then take care of their concerns whether it is repairing or settling disputes between the tenants. These responsibilities will enable you to commit your time somewhere else whether it’s your work or business while the running of your property continues uninterrupted.

Marketing Responsibilities

The scope of property management Northern Virginia also involves marketing your property so as to fill all the units in your property. The property manager will use all the necessary means to reach out to the potential tenants within the community such as through the local papers, via an online portal and through putting posters and their contacts. It is also their responsibilities to prepare your property through enhancing the general appeal of the property both inside and outside as well as participate in events meant to advertise your building.

Dispositions and Buyouts

The property managers could dispose your property on your behalf if you agreed on the matter when a good prospective buyer shows up. Additionally, since they have a wide knowledge of the real estate business around Northern Virginia, they can advise you on the available investment opportunity that is available for you to buy out. They are also very helpful in determining the best buying and selling price of your property because they are well versed with the knowledge that concerns the price of properties within the Northern Virginia community.

Property Maintenance

The property management firm will be responsible for repairing and ensuring that your property is in good condition by conducting regular maintenance. Proper maintenance service will not only enable your property to remain in excellent condition but also maintain or improve its value and enable you to continue benefiting from the property regarding its good monthly returns. Property maintenance involves such things as replacing of doors, windows, floor coverings, and kitchen and bathroom equipment. The property manager also keeps your property clean and ensures that it is put back into its proper conditions when the existing tenant vacates so as the next one can enjoy renting a properly maintained unit.

Tax Responsibility

The property manager is responsible for ensuring that all the taxes files are prepared and paid before the deadlines. He/she carries this tax responsibility on behalf of the property owner and follows up on any other requirement that involves the tax filings and procedures.

Technological Development

The property management understands the importance of applying new technology and notifying the property owner about the advancement in property management technology. There are different new software tech ology that is applied to efficiently run the property such as the utilization of website and software to track different statistics that are used in the management of properties.

Read More

ENSURING SAFE PROPERTY MANAGEMENT BUSINESS IN WOODBRIDGE VA

Posted by on Dec 21, 2016 in Uncategorized | Comments Off on ENSURING SAFE PROPERTY MANAGEMENT BUSINESS IN WOODBRIDGE VA

Managing or overseeing regular maintenance of the property can be very difficult especially if you have no experience or the distance between you and your property far much apart. There are several reasons why you should consider Safe Property Management Business in Woodbridge VA and outsource the running of your property. These reasons include:

Conduct Regular Maintenance

Property managers are more experienced and knowledgeable about the need to keep proper maintenance and improve the condition of your property. The property managers can assess and track the right vendors that will carry out the duties of repair and maintenance more efficiently and effectively. The property manager can strictly follow the schedule for maintaining and ensuring that the condition of the property is good and safe.

Quick Responsiveness

Property managers often have an already set team that is quick to respond to any emergent situation regarding the safety or condition of the home. The property management company will answer all the phones from the tenants on your behalf and respond to their needs. The tenants are assured of receiving a quick response from a property manager who has no other issues to attend to and knows the right vendor who can handle the problem as fast as possible. Such situation will have been very difficult for the landlord who has no ready team or proper way to rapidly attend to any situation affecting the property or tenants.

Avoiding Catastrophes By Way of Prevention

Catastrophes such as electrical faults can be very destructive and to some extent very dangerous. Safe Property Management Business in Woodbridge VA will involve ensuring maximum safety by ensuring that they prevent these electrical faults. The electrical faults are caused by any these three different modes which are poor connections, excessive current and insulation breakdown. House fires are caused by defective electrical wiring such as incorrectly-spliced conductors (copper or aluminum), loose connections and insulation-piercing conductors that poorly-applied. An effective property management company will ensure that the wiring vendors put the code that will handle the typical load. They will also ensure that proper inspection is conducted to fit the current standards and that they are well knowledgeable on matters to do with the wiring in your property.

Encourage Regular Reporting

A reliable property manager will set up effective communication panel that will ensure that any matter concerning the property is promptly reported so that it can immediately be attended to and solved. The property manage can set up a reliable and effective portal to be used by the tenants in reporting their problems. The property manager can as well decide to have a person on the ground as a caretaker or also security personnel who will promptly report any problem promptly. Some of the property managers have also learned to utilize modern technology where they have a website portal in which tenants can report the problems they are having in the building. Other companies use property management software to manage inspections and track the past problems at each property and a list of repair companies that they can contact when a particular problem arises.

Check the Exterior

Property Management Company will check the exterior of the property on matters such as gutters or checking the drainage system if it’s clogged to keep the tenants safe from dirty water. The property manager will also ensure that your properties outside structures are safe by constantly inspecting and repairing them.

Read More

DIFFERENT SCOPES OF ARLINGTON VA PROPERTY MANAGEMENT COMPANY

Posted by on Dec 19, 2016 in Uncategorized | Comments Off on DIFFERENT SCOPES OF ARLINGTON VA PROPERTY MANAGEMENT COMPANY

The scope of Arlington Va property management is quite fascinating and fulfilling for any property owner who is also a client. The property managers have a wide range of services that will enable the property owners to outsource most of their real estate requirements. Below is the scope of Arlington property Management Company.

Property Owner Representative

The property manager will act as a representative to you the property owner when dealing with your tenants. In case a dispute or a disagreement arises between the property owner and the tenant, the property manager is allowed to represent you even before the court of law.

Buyouts and Dispositions

The property manager can do more acquisitions for you if there is more available property around the Arlington Va. If you had asked about more available investment opportunities in the Arlington Va property, the property manager would be to notify about the available investment opportunities. Additionally, the property manager will be able to tell you about the available selling opportunities involving the new selling opportunities.

Marketing Services

Property managers understand the local population and the market segments that include different age-group population that is available. The property managers also prepare the units for the renting which involves optimizing interior appeal and participating in real estate advertising events. Property managers also make efforts to meet with the prospective buyers or tenants to meet with them so as to sell, rent or lease the property on your behalf.

Property Investment Consultations

Property managers often act as advisers on the prevailing market in the real estate industry. The most effective property managers in Arlington Va are well informed about the area’s real estate market; they know where to find the tenants ‘units’ occupants’ and the services they are expecting as well.

Occupancy

The property manager must know the needs of all the tenants in the area and give them their needs. All matters to do with the renting will be responded by the manager and the payment of rents and other charges. The property manager will also deal with the municipal council and the local regulation agencies enforcers on behalf of the property owners.

Taxes responsibility

The property manager will ensure that the taxes are duly prepared for and paid within the required time. The property management firm can also file the taxes on behalf of the owner.

Property Maintenance

The property manager will be responsible for maintaining all the units or the property under their care. The management firm will make all the renovations involving the replacing of the new bathrooms, windows, floor coverings and kitchen equipment if you own residential properties. We can also keep the units of your properties clean or well-maintained when the tenants leave and even keep the keys before your next tenant (s) show up.

Budget Preparations

The property manager will have the responsibility of preparing the budget on behalf of the owner. They are also responsible for preparing for the maintenance services and the costs involved. They also make sure that the owners understand the costs involved and the why they should set aside the budget to maintain their property.

Technological Advancement

It is up to the property managers to update the landlords about the new technological advancements involving the running of the properties. These technological advancements involve new security systems and management systems.

Read More