Property Management Companies Commerce Colorado

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Are you a real estate property owner in or near Commerce Colorado? Ask yourself, is your current property management company charging you too much?

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If you are looking for a dependable real estate property management company in Commerce Colorado RentVest PM welcome you! If you’ve had a negative experience with any of the many property management companies in Commerce Colorado we would like the opportunity to show you how RentVestPM.Com can put those concerns aside.

Precisely what do property managers in Commerce Colorado do? Are you aware what Property Managers do? The reality is they perform several functions, with one of the main things being rent collection. Collecting rent is a demanding assignment for most landlords. The better tenants they have, the more of a challenge it is to stay up to date with rent collection, however property managers look after the entire rent collection process.

Additionally they manage maintenance issues. By way of example, they can send someone out to perform ordinary repairs or arrange for upkeep services when they are required. All you have to do is agree to payments or pre-approve payments in advance, this way the property manager doesn’t have to contact you when ever fixes is needed.

Locating prospective tenants which will pay their rent by the due date is an additional thing property managers take care of. They can run credit checks, take interviews and conduct a thorough security check. They are aware of things to search for with regards to choosing renters.

Accounting is normally incorporated with the assistance given by property managers. They may keep accurate records, which can be useful when the time comes to file taxes. Accounting is not an enjoyable assignment, but it should be done and it needs to be done efficiently, which is one of the reasons landlords propably use property managers.

Hiring a Property Management Company in Commerce Colorado.

Getting a property management company will set you back money, nevertheless it will save you considerable time. For those who have homes that you own and rent to tenants, be they businesses or residents, then you have many things to take care of. If it is only a few units, perhaps you could keep abreast of everything, however when you have more, things will get difficult rather quickly, and having a property manager can turn into a permanent job, which is what that you were attempting to evade or have.

A property manager can stand between you and the tenents, dealing with queries with renters, repair requests, yard work, as well as interviewing and putting out tenants when necessary. In exchange, the rental property management company receives a portion of the rent for their time, before passing the remainder to your account.

So, your profit margin drops, yet your schedule is freed up. Also, top property management services are definitely worth the money considering how they may get rid of problem tenants that amount to money, maintain your properties in good shape, and look for reliable tenants that decrease your vacancy rates and provide reliable and steady rental income.

RentVest rapid expansion as taking many other property management companies in Commerce Colorado by surprise. The truth is that Commerce Colorado investment property owners had been asking for a flat rate property management agency in Commerce Colorado for quite a while but that they were not listening. RentVest PM is the company of chores for many real estate rental property owners throughout Commerce Colorado and we would like the opportunity to show you how we can save you money on your rental property management. Those looking for additional info about RentVestPM.Com we ask that you visit our property management group blog!

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The Fees of Property Management Companies

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Most people look at the fees when comparing property management companies. However, property management fees vary widely and choosing the company with the lowest fee is not always the best for your assets. A lower rate may mean that the company acknowledges they can provide a premium service or wants to undercut the competition. However, a higher rate does not always equate to top-tier service. Avoid comparing apples and oranges and make sure that you’re comparing fees for the same set of services. At RentVest, we offer a flat monthly fee and below we explain what you’re paying for.

Property Management Setup Fee

The setup fee is a flat fee for signing up for the service. It ranges from $0 to $300. Usually, companies that don’t have a setup fee are new in the industry and aiming to undercut their more experienced competitors or have a cancellation policy in place, so be sure to look into the fine print. When talking about setting up a new account, ask if it’s per unit or per property.

Monthly Property Management Fee

Traditional property management companies charge by a percentage of the monthly rent, which ranges from 4% to 12%. At RentVest, we have a flat monthly fee so you get more out of your investment.

Advertising or Marketing Fee

Property managers rarely charge for advertising your home for rent, but some might ask you to pay for marketing fees especially when your property is hard to lease. At RentVest, we know several effective advertising strategies and use modern tools to reach potential tenants yet adding your home to listings stays free of charge.

Tenant Placement Fee

The tenant placement fee is what you pay property management companies for successfully finding a tenant. Normally, it is equal to a month’s rent. At RentVest, we take only 50% of the month’s rent because we focus on finding you good, long-term tenants and keeping them satisfied by keeping the property well-maintained. We understand that a high turnover hurts your investment, so we prefer to find tenants that aim to stay for as long as possible.

Lease Renewal Fee

Lease renewal involves paperwork. Unlike some property managers, we have a lease renewal fee because we are confident on our ability to find long-term tenants and our efficiency that motivates them to rent your home again when the lease contract expires. Most companies that don’t charge for lease renewal simply pad the tenant placement fee to make up for it.

Eviction Coordination Fee

Eviction is a lot of work, so most property management companies charge for this. The service usually includes serving notices and legal work. At RentVest, we consider it a part of the entire property management process.

Cancellation Fee

Much like companies in other industries, some property management contractors want a guarantee that you’ll be their client for a certain period. RentVest is not your traditional property management company in this sense. We give you the liberty to end the service whenever you want.

Other Fees Charged By Property Management Companies

When comparing property management companies, you might come across vacancy fee, reserve fund, unpaid invoice fee, and bill payment fee. Most property owners oppose vacancy fee, which is the amount you pay when no rent is coming in. Reserve fund is allotted for everyday operations. Unpaid invoice fee is for failing to pay your balance, such as the cost of small repairs that must be done as soon as possible, while bill payment fee is for additional and optional services such as when you need someone to pay your mortgage and utility bills.

RentVest is different from traditional percentage-based property management companies. Instead of charging you for each activity, we created a package that covers setup, monthly management, inspection, listing, tenant placement, lease renewal, and eviction. Contact us for any questions you may have about our flat property management fee.

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