Professional Property Management Companies near Dixie Hills Atlanta Georgia

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Do you know how RentVest has become the best known company by real estate investors searching for Property Management Companies in Red Oak, TX? It all starts by making sure all parties are satisfied and a process that is next to none!. It is true that the number of property management firms in Dixie Hills Atlanta Georgia has grown to an unprecedented number… Nevertheless, more and more property owners have hire RentVestPM.Com over those other Property Management Companies in Arvada CO in the last 5 years for one reason and one reason only we deliver!

Top Reviews for Property Management Companies in Dixie Hills Atlanta Georgia

Rajha Wilson
Rajha Wilson

5 out of 5 stars

posted 1 week ago

I would like to say that Aidan was extremely helpful. He was quick to respond and was nice enough to follow up after everything was settled to be sure it was satisfactory service. Thank you Aidan, for making a bad situation so much more bearable by being attentive and keeping an open line of communication for all of my concerns. It has been very much appreciated.

D Mitchell
D Mitchell

5 out of 5 stars

posted 11 months ago

We applied through RentVest for one house but it was rented. RentVest allowed us to use our application for other places. Very nice. Synthia Daniels was our agent and she got us into a new house within days. Great working with her.

David Gray
David Gray

5 out of 5 stars

posted 4 days ago

Aidan Mascarina received our request of a poorly functioning air conditioning unit. Her timely response and professionalism was amazing! I don't know what her wage is, but I believe she needs a raise!! :)

When to Hire a Property Manager in Dixie Hills Atlanta Georgia?

If you have been overseeing rental properties for a while, you know that it can be financially worthwhile. However, property management is hard. It is safe to deal with your personal homes, especially if you do not mind giving your money and time on the task. But there are times you should employ a property manager. Read more to find out when you should employ a property manager.

  1. When You Have Several Rental Apartments

Your errands mounts as the volume of your apartments increases. When you increase the number of your homes, you clearly increase the amount of your renters. This means you will have more complaints, repairs issues, and in many cases vacancies. It is sometimes complicated to manage these units. It is possible to employ a property manager to reduce the workload.

  1. To Set The Correct Rental Rates

When you are a new landlord, you might not understand how to set the proper rental prices. Should your rental prices are high, you may never get renters. Employing a property manager, who is able to help set the best rental prices, is the perfect choice. The manager conducts complete market research and studies before setting the rental price.

  1. When You Do Not Understand How To Run Properties

You are new to property management, so you do not have experience in handling rental units. Properties managers could manage rental homes,  because they may have been managing these houses, for quite some time. It can be costly to learn as you go because you could make mistakes that will set you back lots of money.

  1. For Advertising The Rental Property

Unless you understand how to promote your vacant units, you might a long while to obtain the right tenants. Property managers know exactly where you should advertise your vacant properties. And they also design exiting advertising flyers. So, they require a short period of time to find the ideal tenants.

To summarize, getting a property manager is the best action you can take. Property managers can help you save a lot of money. And you will make a lot of cash in the long run should you work with a reputable property manager or company. When it is all said and done if you are searching for Property Management Company near Littleton, CO, should take a look at what RentVestPM.Co is offering to real estate investors searching for professional property management companies near Dixie Hills Atlanta Georgia. For more info about professional property management company in Dixie Hills Atlanta Georgia, check out out managing rental real estate blog.

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How Real Estate Management Companies, Property Managers and Landlords Can Increase Rent Prices With Minimal Tenant Loss

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Notifying tenants of an increase in the monthly rent price for your rental properties is usually a touchy matter, especially since a rent increase can create vacancies that will need to be marked and filled when tenants choose to move rather than pay a higher rent monthly rent. Your rental unit pricing is a big real estate management decision. It is also a crucial factor on whether or not tenants decide to move or stay, so it’s important to tread cautiously when it comes to rent increases.

You want to offer your rental units at the fair market price, but you also want to retain the reliable tenants you have and avoid vacancies. Experience has taught us that renewing leases with great residents who’ve proven themselves to be reliable and conscientious is usually more valuable than a rent increase.

Still, you may decide that a rent increase is necessary to cover rising costs and maintain profitability. In that case, you’ll need to decide how much the increase should be, which is typically between 3-5 percent. When notifying tenants in advance, you’ll want to write a cordial rent increase letter to your residents. Keep the tone warm and include a brief explanation for the increase. Here are some examples:

• Increased costs of maintenance supplies and services needed to maintain the community’s safety and security standards, clean, inviting common areas, and landscaping and green spaces.

Other valid explanations for rent increases:

• Cost of living increases
• Bring the rent up to market value
• Property improvement costs
• Property tax hikes
• Increased utility costs
• Increased insurance premiums

Rent Increase Guidelines for Real Estate Management Companies

Every state has specific laws for rent increases by which you much abide. If you offer rent -controlled housing, your options to increase rent are much more restricted.

Some of the regulations to review in your state, county or city laws for raising rent include:

  • Rules for rent-controlled housing
  • Frequency of rent increases
  • Language requirements in your lease regarding rent increases during the term of the lease
  • Maximum limit for rent increases
  • Number of days’ notice you must provide before rent increase begins

It’s important to do your homework and make sure you understand what property managers and landlords can and can’t do when deciding to raise rent prices.  Generally, unless the lease specifies otherwise, you cannot raise rent prices before the lease expires. Real estate management companies, property managers, and landlords must also deliver a written notice of a rent increase, usually a minimum of 30 days before the increase takes effect.

In many states, unless the apartment is rent-stabilized, you can increase rent by any amount you choose—there is no limit— but you risk losing good, reliable tenants if your price hike doesn’t represent fair market value or seems unreasonable. A growing number of states are moving toward enacting rent increase limits on behalf of tenants.

Writing and sending rent increase letter that is amenable to tenants

Communication is key. A rent increase letter complies with rules for informing tenants and officially documenting it. Your rent increase letter should be pertinent, professional, and written in a polite, approachable tone. You can search for rent increase letter sample templates to use as guidelines.

When writing your rent increase notice letter, personalize it to your community’s unique identity, bearing in mind that money is a sensitive issue, communicating with tenants on a personal level helps remind them that you value them as people. This is your best approach for encouraging them to stay, despite the rent increase. Great tenants appreciate great landlords too, and a great landlord is one who makes his or her tenants feel valued.

When writing the rent increase letter’s greeting, use the tenant’s name, rather than “dear tenant.” Also, use “Change in Rent Notice” in the subject line instead of “Rent Increase Notice,” since the former doesn’t immediately elicit a defensive reaction from residents. In the letter, make it clear that tenants can contact you with questions and provide your email address and phone number. Make sure to thank them for being a valued tenant. Sign off with a personable closing phrase such as “sincerely,” “Best Regards,” or “Many thanks.”

Important information you must include in your rent increase letter:

  • Tenant’s name
  • Property address
  • Property manager or landlord’s name and contact information
  • Date the letter is written
  • Date the rent increase will take effect
  • Amount of rent increase
  • Current rent price
  • Rent price after increase takes effect

You can also structure the letter like a contract and insert a form at the bottom for the tenant to complete, sign and return. Wording on the form should read:

  • I agree to accept the new monthly rent price, effective XX-XX-XXXX date. (If selected, you can the tenant send a lease renewal letter.)
  • I do not agree to accept the new monthly rent price and will vacate by XX-XX-XXXX date according to the lease agreement.

To send the rent increase notice letters you can either hand-deliver them to tenants or mail them individually via certified class mail with a return receipt. Don’t email these notices, as you need to ensure the tenant acknowledges that they received the letter to prevent potential confusion or legal issues later. Follow up with tenants via email or regular USPS mail. Email is the most efficient follow-up method.

Make it as simple as possible

Coordinating rent increases, facilitating communication, and managing potential tenant turnover can be complex touchy. A good real estate management company is well-equipped to handle this task—they keep up-to-date on market prices, are well-versed in writing rent increase letters and lease renewals, working (and negotiating) with residents, and handling turnover.

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