There is a common confusion that the role of a property management company is to check for possible tenants for a rental property, gather rent and subsequently manage a few tenant-requested fixes. While these are segments of the job, certified property management incorporates a great deal more. For example, a quality property management company should be able to use proven tools and systems to both protect you and your investment as well as maximize your rental’s profitability.
At Real Property Management Legacy, we collaborate with property owners to design cost-effective maintenance and upgrades, monitoring the state of the property throughout the year. Using our proprietary tools, we will help property owners determine the best monthly rental rate for their properties, to find and retain quality tenants for each one. We utilize a proprietary system for tenant placement that consists of a rigorous screening process to helps ensure quality tenant placement.
Not all property managers have the experience and mastery of handling the less common situations, such as evictions, accessibility concerns, and the death or divorce of a tenant. Professionalism and expertise are never a concern when working with Real Property Management Legacy. Our offices are equipped with streamlined, automated systems for collections and evictions that ensure the process is completed efficiently and in compliance with all laws and codes. Each office also has expertise in Landlord/Tenant law, the Federal Fair Housing Act, licensing, insurance, and more.
One element of property management services that are generally disregarded is the company’s capacity to pass on excellent correspondence and access to money related information. As a property owner, communicating with your property management company is an integral part of protecting your investment. Most property management companies will provide financial statements quarterly, sometimes monthly. But at Real Property Management Legacy, property owners have access to a secure online account where notifications and financial statements are always available. This makes keeping tabs on your Bellevue property easy to do from just about anywhere.
Of course, having a nearby office to visit or call is important, too. A lot of property management companies have a couple of areas and oversee properties within a small radius of their office. Some investors hire multiple property management companies to help them grow their investment portfolios, which limits their investment opportunities to one area. But it doesn’t need to be that way. With hundreds of offices across the nation, Real Property Management Legacy is your local office regardless of where you buy rental properties. If you would like more information, please contact us online or by phone at 402-905-0459.