Property Management Companies Downtown Reno Nevada

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Are you a real estate property owner in or near Downtown Reno Nevada? Ask yourself, are you paying to much to manage your property?

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If you are in search of a flat fee rental property management company in Downtown Reno Nevada RentVestPM.Com welcome you! If you’ve had a bad experience with any of the many property management companies in Downtown Reno Nevada we would like the opportunity to show you how RentVest PM can put those concerns aside.

Precisely what do property managers in Downtown Reno Nevada do? Are you aware what Property Managers do? The truth is they do many different things, with the main one being collecting rent. Collecting rent is a demanding assignment for many landlords. The more property they may have to manage, the greater the task it is to keep up to date with rent collection, however property managers see about the whole rent collection process.

They also manage maintenance issues. As an example, they could send a maintenance guy to perform ordinary maintenance or provide upkeep services if they are asked for. All you need to do is agree to payments or pre-approve payments before-hand, that way the manager of the property won’t need to contact you when ever repairs is required.

Finding prospective renters who can pay their rent promptly is an additional thing property managers see about. They can do credit report checks, conduct interviews and perform a indept security check. They know what to consider in terms of choosing tenants.

Bookkeeping is generally included with the services offered by property managers. They are able to maintain accurate files, which prove useful when it is tax time. Bookkeeping is not really an enjoyable assignment, but it has to be done and it should to be done correctly, which is the major reasons property investors propably employ property managers.

Employing a Property Management Company in Downtown Reno Nevada!

Working with a property management firm can cost you money, however it could help you save time and effort. For those who have homes which you own and rent out to renters, be they businesses or residents, then you have many things to manage. If it is only 1 or 2 units, perhaps you could keep on top of all of it, but if you own more than two, things get complicated quickly, and property management will turn into a permanent job, which is that thing you were looking to escape or curently have.

A real estate manager can stand between both you and your renters, managing communications with renters, maintenance requests, yard work, and even interviewing and putting out tenants as needed. In exchange, the rental property management company receives a share of the rent for themselves, before passing the rest to you.

So, your profit margin goes down, however your schedule becomes completely free. Also, the best property management services are really worth the money considering how they may remove bad tenants that amount to money, make your properties in excellent condition, and look for stable renters that lower your vacancy rates and give you reliable and steady rental income.

RentVest domination more than 12 markets as taking many other property management companies in Downtown Reno Nevada by surprise. The truth is that Downtown Reno Nevada investment property owners had been looking for a affordable property management firm in Downtown Reno Nevada for some time now but it looks like that no one was listening. RentVest PM is the agency of chores for many real estate property owners throughout Downtown Reno Nevada and we would like the opportunity to show you how we make owning rental real estate easy. Those looking for additional information about RentVest Property Management we ask that you take a look our 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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