Realities of Being a Landlord


thank you for choosing real property
management we look forward to helping you take your home and get the best
return possible for many first-time landlords the
property management business seems pretty simple put up a sign the property will lease
quickly the whole mostly in mint condition in the rent will roll in on time easily
covering the mortgage and maintenance costs but before long many owners have a
different experience ok situations arise involving problem
tenants late payments collections meat mincer
prices complaints from neighbors and possibly code violations I’ll and despite careful screening season
property owners often see their share of the Vixens criminal activity vandalism accidents
and possibly even lawsuits these unfortunate events are part of the
daily business and residential property management even when everything has been done to
avoid them the bottom line is property management involves a personal
lives a few tenants he comes down to people and stuff people are unpredictable and stuff
breaks real property management has the experience in systems to help you
respond quickly to the realities of owning rental property while keeping costs down in the red
coming in as we begin a relationship we’d like to share a few tips for
success for starters remember that vacancy is the single
highest expense for owners for example a home with a one thousand
dollar monthly rent is big in 30 days you make the unit ready rekey it cover
utilities and lawn care during vacancy pay the leasing fee and Geary the cost a
vacancy days you can quickly see why minimizing
vacancy time is so important your three ways to help control they can
see costs first make sure the unit is rent ready home it is not in rent ready condition
will stay vacant longer because in this market your unit has to
compete for a good tenant completing needed repairs can actually
save you money because the unit will run faster 0 second budget for me dance historically the national average for
maintenance costs on a rental home total about one and a half months rent more for older homes less for newer ones
so if your home runs for one thousand dollars a month fusion anticipate spending approximately
fifteen hundred dollars in repairs throughout the tenants year lease period not including make ready costs in
between tenants be prepared by anticipating maintenance issues in budget accordingly third respond
promptly to tenant maintenance requests remember the tenant is your customer and
how promptly respond directly impact on how long the tenants
days with brick wood problems the tenant will start looking elsewhere
and turnover in vacancy expenses are coming your way plus taking care of the property in a
timely manner encourages attended to cure board as well at real property management we
understand the key to success is to approach tenants with the sense of
fairness and open communication just to give
yourself as a renter and become the landlord you would like
to have the money seemed in lower vacancy rates and tenant hereof the
property will be well worth the little extra
service you provide while owning rental property usually isn’t as simple as it
seems real property management has the
experience and resources to help you manage the day-to-day realities of the
business thank you for trusting real property
management we look forward to serving you in

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