As a rental property owner in League City, hiring the right property management company can spell the difference between a life of ease and a life of struggle. If you hire the wrong company, you could end up with a life full of hassle, tedium, and discouragement. But if you hire the right company, you would end up with a life of real estate investing success. Property management is a 24/7 job, and it takes time and effort to manage each rental home properly. The more rental homes you own, the greater the time and effort you will need. The solution that would reduce your workload is to hire a property manager. They would work to make sure your rental homes turn a good profit and stay occupied. However, the wrong property manager may turn out to be more of a liability by making expensive mistakes.
Other property management companies ask you to set the monthly rate, or worse, just take a guess. They fail to spend the necessary resources to evaluate the rental market and set the best monthly rate. The wrong monthly rate is definitely a big problem. If the rent is set too high, this makes the deal unattractive to potential residents. But if the rent is set too low, then you won’t be getting the optimum income, and some of the interested people might be suspicious about the price and think something is wrong with the property.
When the property managers at Real Property Management Prestige first sign on with an owner, the first thing they do is go through a thorough property evaluation to make sure the rental home is ready to draw in high-quality renters. They evaluate the condition of the homes, and also the current rental market, to come up with the rental home prices that are competitive.
Another costly mistake made by other property management companies repeatedly is in the approach they take to attract and screen potential tenants. Some property managers are content to just put up a sign in the yard and run the applicant’s credit history, neither of which is good enough to find quality tenants.
Each rental applicant that Real Property Management Prestige considers is thoroughly screened with full background checks. This includes credit, criminal, past rental, and income history. We wish to fill vacancies with quality tenants that, during their stay, will take care of your rental property and also comply with the terms of your lease.
Once new renters have signed a lease, other companies will often neglect their duties and ignore the requests for repairs and maintenance. This forces tenants to put up with small problems that would eventually turn into expensive repairs due to the neglect. These companies, more often than not, have a high turnover for this reason. Renters tend to get frustrated when their property manager ignores or outright refuse their reasonable requests. So, instead of putting up with the problem, they would opt to leave the home instead.
At Real Property Management Prestige, we take a proactive management approach to all repairs and maintenance. We hand each of our owners a password-protected account through which they can see the repair and maintenance information of their properties, and this access is available any time. Monthly financial statements and clear, up-front fees put you in control of your investment.
When a renter signs a lease with Real Property Management Prestige they attach their name to specific, legally binding documents which were designed with the objective to streamline the terms and outline the results of violating those terms. They know from the first day that their property manager will be checking on the property regularly, helping them stay attentive, too.
Unlike these other business models, Real Property Management Prestige has a standing of delivering quality, comprehensive service— and for good reason. For over thirty years, we have made it our prime concern to equip you with a unique procedure to property management that puts the top tools of the industry and the best practices at your disposal.
As a League City rental property owner, you need a property manager who will endeavor to protect your investment without disrupting your life. By choosing Real Property Management Prestige, you are choosing real peace of mind. Would you want more information? Please contact us online or call us at 281-532-5455 today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.