You don’t have to be a real estate mogul to own rental properties. Renting out your properties can bring you great returns on investment. However, if you are planning to manage your property yourself, you need to have an extensive understanding of the market and accounting practices specific to the industry. If you’re not ready for that kind of responsibility, you may want to consider working with a property manager instead. A professional property management company will help you find tenants, collect rents and offer maintenance services at fair prices. They specialize in this area and can save you time and money. Here are a few reasons why letting a property management company take over managing your rental property is in your best interest.
1-Save the time and the drive and let us do it for you property management company
When you own a rental property, you make a promise to your tenants: that you will be the one who responds to maintenance requests. You will be the one who screens potential tenants and collects the rent. You will be the one who enforces the rules and manages tenants who break the rules. If you have other responsibilities in your life that take up time, like a job or family, you won’t have time to manage your property. Clever Property Management can take care of these tasks for you. We have a system in place for dealing with tenants who call about problems and for managing maintenance requests. If a tenant calls about a problem, you can expect that we will call the appropriate professional to fix the problem as soon as possible. We also inspect your property bi-annually to inspect it and make sure everything is in good condition saving you the drive, time, and money.
2-We know the local market
A professional property manager who helps you find tenants knows the market and can match you with tenants that qualify for your rental property. We know how to negotiate with interested tenants to bring them to a satisfactory conclusion. We also know how much to charge for rent on your property. Additionally, we track vacancy rates in the Hudson Valley and Catskill region so you we adjust your rates if necessary.
3-We coordinate and monitor the maintenance of your property
A lot can happen inside a rental property over the course of a year. Your roof might need repairs, your sprinkler system might break, and your toilets might clog up. If you own multiple rental properties, you probably don’t have time to fix all these problems. You also don’t want to ignore them because a problem that goes unaddressed may lead to more serious problems. Clever Property Management will track and monitor your maintenance requests, so you don’t have to worry about taking care of these issues on your own. And through our extensive network, we also help you find the right professionals who can fix your problems and manage them while they’re at your rental property.
4-We aim to save you money in the long run
When you’re new to real estate investing, you might make some mistakes that cost you money. You might not be able to manage your maintenance costs as effectively as a property manager would. You might not be able to find tenants who pay as much as they should. You might even break the law by not following the regulations that apply to you as a landlord. Clever Property Management can help keep your costs low and help you avoid costly mistakes. We are experienced and have been through many cycles of the rental market. We’ve seen what works and what doesn’t and know how to save you money.
Be Clever and let Clever Property Management help you
If you are considering investing in Real Estate in between Hudson, Catskill and the Capital District or are an existing investor, Clever Property Management can be your eyes and ears on the ground. We offer:
- Construction Supervision to get your investment property fully updated and rent-ready without the headaches and we make sure it’s done right the first time.
- Maintenance & Repair – as the needs arise, we make sure to handle the issues for you.
- Rent Collection – We maintain that professional barrier between you and your tenant to make sure that everything is handled on time to ensure you see a return on your investment.
- Tenant Retention – By ensuring your property is well maintained and all tenant concerns are addressed on time, we aim to keep not only you the investor happy but the tenant happy as well, ensuring you retain good quality tenants.
In the end, we make sure you are informed every step of the way. From financial reporting to maintenance issues, to occupancy and expiring lessees, Clever Property Management provides an easy-to-use solution so that you are well informed about the status of your investment property.
If you are considering an investment property in Albany, Columbia, or Greene County give Clever Property Management a call. We’d be more than happy to discuss your needs and how we can help.