Investment Property Management Fountain Hills Arizona

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Are you a real estate investor in Fountain Hills Arizona in search of an affordable investment property manager give RentVest a call…

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The majority of owners know that when you are looking for Property Managers near Sugar Land, TX or Property Management Companies Sarasota, FL. RentVest Property Management is who you need to contact but do you know that RentVestPM.Con is also the top choice for everyone in search of a affordable rental property management company in Fountain Hills Arizona. Now that we are part of the MYND group we are better prepared to handle the day to day requirements of the more than 30,000 tenants we service, while improving the return on investment of the more than 3,000 investors we service in twelve markets. Give us 5 minutes of your time and we‘ll show you that it is worth managing your rental properties by yourself!

Skilled Investment Property Management Clear Duties

Property management is the supervision of investment properties. The property manager or rental management company really acts and makes decisions for an investment house owner as a way to maximize ROI and also to minimize risk to the property itself. Next, we shall be going through a few of the reasons you should consider working with a professional investment property manager.

  1. Time: Lots of people that invest greatly into investment properties simply do not have the time that is needed to consistenly up-keep them and to keep them functioning. A manager can lessen the amount of time that is needed for having property investments. Not only will they deal with the day to day activities related to owning the house, but they make decisions with respect to the property owner.
  1. Legal Knowledge: Those who spend money on properties that get involved in varying legal programs must have particular legal expertise in the difficulties in order to porperly comply. A rental management company is going to know the specific rules and they will have the legal knowledge necessary to ensure full compliance.
  1. Background Record Checks: It is essential to properly inspect potential boarders. A property management company will have the time, know-how, and resources required to thoroughly vet all of the potential tenants to minimize risk and grow returns from the property.
  1. Location: Plenty of financiers will acquire investment properties in numerous cities. Because they are not able to actually be near their house at all times, they will need to hire out a good investment manager as a way to see about the many tasks that are needed to handle your property and its tenants.

A smart investment property manager can be a substantial advantage to somebody who is looking to invest a property. Purchasing property is not merely very time consuming, but it might be particularly risky if you are not familiar with the legalities connected with having and renting property and in case you are struggling to spend the required time managing the property and dealing with landlord duties. One call with us an you will understand why we are the top choice for anyone in search of a professional property management companies in Fountain Hills Arizona. If you would like more information on the services offered by RentVest Property Management please check out at our blog. There you will find post on Property Management Rentals and other topics of interest to rental property owners in Fountain Hills Arizona.

Blog Article of Interest to Those searching for Property Managers in Fountain Hills Arizona

What Property Managers and Landlords Need to Know About Today’s On-Demand Economy

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We live in an age of immediate access to goods and services. Today’s on-demand economy is supported by tech-driven digital marketplaces that make nearly everything available on-demand.

What does the on-demand economy mean to property managers and landlords? Plenty. Today’s renters have high expectations when it comes to selecting the place they call home. In the on-demand economy, renters look for convenience, amenities, safety, and services—and meeting the challenge offers an excellent opportunity to outshine your competitors by creating a great customer experience.

According to Microsoft’s’ 2018 State of Global Customer Service report, 56 percent of consumers have greater expectations when it comes to customer service now than they had the previous year.

Ensuring a great customer experience is key to setting your rental property apart in the on-demand economy. Below are five solid strategies to elevate the resident experience in your rental properties:

Computerize Your Vacancy Listings

Prospective tenants in the on-demand economy do everything online. They prefer to search listings online on their own time rather than calling during business hours for information on vacancies, amenities, price, etc. Listing sites like Zillow, Apartments.com, Rentpath.com, HotPads, and others attract potential renters when their search starts.

Your business website is also important. Renters who find a listing that appeals go to the property’s website for more in-depth, up-to-date information on the unit, the community, amenities, and other details. They expect to visit a professional, up-to-date, detailed website that answers all of their questions readily. Without a polished, professional website working for you 24/7, you will struggle to fill vacancies promptly.

Manually posting rental vacancy information to your property management website, in addition to third-party listing sites, is time-consuming for property management staff. It can also create poor customer experiences due to human error if staff fails to remove occupied units or posts information that is incorrect or inaccurate.

The best solution, which ensures consistent posting to all third-party listing sites and your website while saving hours of time for staff, is one-click vacancy posting software like Appfolio’s, which allows you to instantly update vacancy information changes, ensuring positive experiences for prospective tenants from the moment they engage with your brand.

Provide on-demand information and viewings

Response to a prospective tenant inquiry needs to be immediate in today’s on-demand economy. According to the 2018 Zillow Group Consumer Housing Trends Report,  71 percent of prospective renters said they expect a response to their initial inquiry within 24 hours. Thirty-one percent reported that they expect a response within a few hours. Property management staff can’t always meet these response demands and even the most proficient leasing agents often struggle to meet such tight response times.

Once again, advances in AI technology can solve the problem and improve your lead-to-lease conversion rates considerably as they automatically engage each lead, answer their questions with conversational AI, and authorize qualified leads to book viewings at their convenience.

Today’s innovative AI technology with features like lockbox technology can even enable prospective tenants to book self-guided viewings. Interested renters receive a unique code to gain access to the unit shortly before their scheduled viewing. With on-demand viewings, you can make a great first impression on prospective residents by catering to their needs and delivering instant assistance while you obtain qualified applicants quickly and efficiently.

Make Applications and Screening forms available online

By making all application, screening, and leasing forms available online, prospective tenants using mobile technology are one step closer to securing a signed lease on your property while empowering you to fill vacancies with qualified tenants faster, even during the prospective renter’s first visit to the property.

Online applications allow renters to apply and pay the application fee before arriving for their scheduled viewing or during the walk-through. The right software supports instant tenant screening, which includes credit reports, eviction history, and criminal background checks thus allowing prospective renters who pass the screening criteria to receive an “approved” tenancy decision on-the-spot.

Online application and screening help you save time and win more qualified tenants who may otherwise apply for rentals at similar properties while they wait for your decision. An applicant who receives instant approval to sign the lease right away is less likely to apply elsewhere. If they need time to think it over, they can still submit a signed lease later on from anywhere, without the inconvenience of scanning, faxing, or returning to the property to a sign paper lease.

Online rent payment capability is often a deal-breaker

Today’s renters do everything online, and they expect the convenience of paying rent online. By providing your renters with an online payment option, you save them time and hassle. Renters in the on-demand economy rely on the convenience of paying rent from anywhere using their computer or a smartphone.

Online rent payments also help property managers and landlords save time and money due to the costs associated with paper checks, money orders, or even cash payments. Businesses can cut the time spent on rent week activities in half by making online payment options available to tenants since they simplify reconciliation and reporting substantially. Additionally, online payment options reduce or even eliminate the risk of human error in data entry, ensuring 100 percent accuracy.

Permit tenants to submit maintenance requests online

Today’s renters expect dynamic customer service notifications from property management delivered electronically. According to Microsoft’s 2017 State of Global Customer Service Report, 70 percent of consumers worldwide have a more favorable view of brands provide proactive customer service notifications, and 52 percent of U.S. consumers have a more favorable view of brands that offer a mobile-responsive customer service support gateway.

An online strategy that includes enabling tenants to submit maintenance requests electronically is important to today’s renters. Instead of being expected to call to report or follow up on a maintenance issue, busy tenants prefer to submit requests online from their computer or a smartphone on their schedule. They expect to receive regular updates on the status of their maintenance requests via their preferred communication method, whether SMS or email.

As a property manager or landlord, you’ll find that few things matter in today’s on-demand economy more than the experience you provide to your tenants, from the initial inquiry through the length of their tenancy. With so many options available at their fingertips, the experience you provide prospective tenants, as well as current tenants, can set your rental property apart from the rest. These five strategies are key to reducing turnover, minimizing vacancies, and attracting your ideal tenants.

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Investment Property Management Fountain Hills Arizona

Investment Property Management Company in Fountain Hills Arizona Are you a real estate investor in Fountain Hills Arizona searching for an affordable property management firm give RentVest Property Management a chance to show you why we are the best. Don’t matter if you are looking for Property Managers in Clearwater, Florida or Property Management Company near Hillsboro, OR the consensus are that you should take into consideration RentVest Property Management. With more [...]

2019-09-11T07:30:27+00:00