Property Management Companies Acres Homes Houston Texas

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Are you a investment property owner in or near Acres Homes Houston Texas? Ask yourself, do you know what your current property management company is going to charge you next month?

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If you are in search of a reliable investment property management agency in Acres Homes Houston Texas RentVest welcome you! The number of property management companies in Acres Homes Houston Texas is quite substantial. However, whether you’ve had a positive or bad experience RentVest Property Management would like to show you how we make owning a rental real estate property easy.

Exactly what do property managers in Acres Homes Houston Texas do? Do you have any idea what Property Managers do? The reality is they do many different things, with the primary one being rent collection. rent collection could be a strenuous task for most property investors. The more tenants they have got to look after, the more of a challenge it is to stay up to date with collecting rent, however property managers manage the whole rent collecting process.

In addition they deal with maintenance issues. By way of example, they could send a handy man to take care of regular repairs or arrange for maintenance services when they are asked for. All you need to do is agree to payments or pre-approve payments in advance, that way the manager of the property won’t have to contact you each time fixes has to be done.

Locating prospective renters who will pay their rent by the due date is yet another thing property managers take care of. They may do credit report checks, conduct interviews and conduct a indept security check. They understand things to look for with regards to choosing tenants.

Accounting is typically included with the services given by property managers. They could keep correct files, which prove useful when the time comes to file taxes. Accounting is not a fun task, but it needs to be done and it has to be done properly, which is one of the reasons property owners should hire property managers.

Hiring a Property Management Company in Acres Homes Houston Texas!

Employing a property management person can cost you money, nevertheless it could help you save considerable time. If you have properties which you own and rent out to tenants, whether they are commercial or residential, then there are many things to take care of. If it is only 1 or 2 units, maybe you could keep abreast of all of it, but if you own more than a couple, things might get problematic very fast, and having a property manager would turn into a full-time job, which happens to be what you have been trying to evade or currently have.

A real estate manager stands between both you and your renters, handling queries with renters, repair requests, yard work, and in many cases interviewing and putting out tenants as needed. In exchange, the house management company collects a percentage of the rent for their services, before passing the balance to the owner account.

So, your profit margin decreases, however, your schedule is totally free. Additionally, good property management companies are worth the money considering how they may do away with bad renters that amount to money, keep your properties in great condition, and look for stable tenants that lessen your vacancy rates and provide you with reliable and steady rental income.

RentVestPM.Com domination more than 12 markets as taking many other property management companies in Acres Homes Houston Texas by surprise. The truth is that Acres Homes Houston Texas investment property owners had been looking for a reliable property management firm in Acres Homes Houston Texas for some time but he appears that they were not listening. RentVestPM.Com is the firm of chores for many property owners throughout Acres Homes Houston Texas and we would like the opportunity to show you how we can improve the ROI of your real estate investment property. If you would like additional info on the services we offer at RentVest Property Management we encourage you to take a look our blog…

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Property Management Companies Are Using Smart Technology for Attracting New Tenants

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Progressive property management companies are continuously looking for opportunities to attract new tenants. In competitive rental markets, knowing what amenities renters want is often the best way to most is one way to accomplish this task and snatch potential leads away from competitors.

Recent research finds that technology is an important influencer when it comes to renters’ choices, and in fact, renters expect it. Technology presents property managers with an excellent opportunity to distinguish their properties from all the others in ways that draw potential enters in and helps keep them for longer tenancy stretches.

So What Technology Do Savvy Property Management Companies Use?

So how do property management companies leverage the latest technologic innovations to ensure a steady flow of potential tenants to their properties? Buildium’s 2017 American Renter’s Report discloses the reasons 1,116 apartment seekers chose their rentals, and home technologies played a major role in their decision-making.

Beginning with the search process, technology plays a major role in every step of the renter’s experience. According to the report, 50 percent of apartment-seekers interviewed searched online for apartments and applied for tenancy online. This emphasizes the importance of promoting rental listings using optimized, searchable online marketing strategies and incorporating appealing images and engaging marketing copy to grab the attention of potential tenants.

Attracting tenants to your rentals in today’s digital world requires more than cosmetic updates to the property and units. Advanced modifications like smart thermostats and high-tech appliances that offer energy efficiency appeal immensely to renters who are willing to pay higher rates to have them.

Convincing owners to update their investment properties with high-tech amenities may seem like a challenge, once they see research results showing that properties equipped with high-tech, energy-saving features gain an edge over competitors, even if the rental rates are higher.  Plus, it doesn’t take a huge expenditure to offer smart home technology. Adding just two or three smart elements to your rental units—such as smart thermostats, smart lighting, smart Wi-Fi-connected electrical outlets or smart door locks—can be a cost-effective opportunity to market your units as smart-homes and attract more potential tenants.

Smart home features are particularly popular among Millennials, who comprise 68 percent of survey respondents who said they are most likely to rent an apartment that features smart technology. In fact, Millennials represent an ever-increasing percentage of renters and are expected to soon become the most important tenant target market.

Good communication is essential for building positive relationships between tenants and property management companies. Deciding on the best ways to communicate with tenants requires careful consideration for the best results.

Research finds that communication channels involving technology are most popular among tenants, most of whom prefer email communications (53 percent) or text messaging (also 53 percent) for sending and receiving important information, as opposed to calling, visiting, leaving a note, or mailing a letter.

Tenants also want the ability to submit and track maintenance requests electronically. Most property management software is designed to accommodate maintenance requests submitted through a resident portal.

Using Technology to Pay Rent and Fees:

Most tenants don’t enjoy paying rent, but the process is more convenient when they have the ability to pay online. While only 29 percent of tenants have an online rent payment option, 59 percent report that they want this technology, and 53 percent would use a mobile app to pay rent if it were available.

Which Technologies Will Renters Pay more for?

What are some ways property management can use technology to attract new tenants, increase revenues for property owners, and even sustain higher rental rates?

According to Buildium’s 2017 American Renters Report:

  • 49 percent of renters would pay more for central air
  • 44 percent of renters would pay more for high-speed internet
  • 30 percent of renters consider energy efficiency to be an important reason to choose a rental
  • 15 percent of renters would pay higher rent for an eco-friendly building

Property managers can implement smart technology devices that help tenants track their energy usage and automate their apartment units, which are the most likely types of rental properties to attract tenants by offering smart technology.

Gartner Technology research predicts that smart devices for home automation will be standard in most homes in just five years. Smart tech implementation rates are increasing exponentially. The sooner property management companies start integrating smart technology in rental units, the sooner the property’s prospective tenant leads will outpace the competition, reduce vacancies, and increase tenant retention rates.

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