Property Management Companies Duluth Georgia

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Are you a investment property owner in or near Duluth Georgia? Ask yourself, are you paying to much to manage your property?

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Welcome to RentVest PM’s site if you are looking for a affordable real estate property management company in Duluth Georgia you have found the right website. The number of property management companies in Duluth Georgia is quite substantial. However, whether you’ve had a positive or negative experience RentVest would like to show you how we make owning an investment property easy.

What exactly do property managers in Duluth Georgia do? Are you aware what Property Managers do? The fact is they fulfill many duties, with the main one being collecting rent. Collecting rent is a strenuous job for many property investors. The more property they have got to look after, the greater the task it is to remain up to date with rent collection, but property managers manage the whole rent collection process.

Additionally they deal with upkeep issues. By way of example, they can send someone out to perform ordinary upkeep or give upkeep services if they are asked for. All you have to do is approve of payments or pre-approve payments ahead of time, doing this the property manager won’t have to contact you every single time maintenance is needed.

Finding prospective renters who will pay their rent promptly is another thing property managers take care of. They could run credit checks, conduct interviews and perform a thorough background check. They are aware of what to look for when it comes to choosing tenants.

Accounting is normally included in the services provided by property managers. They are able to maintain accurate files, which come in handy when it is tax time. Bookkeeping is hardly a fun task, but it has to be done and it should to be done properly, which is the major reasons property investors propably use property managers.

Working With a Property Management Company in Duluth Georgia!

Getting a property management company costs money, but it will save you considerable time. For those who have apartments that you own and rent to tenants, whether they are commercial or residential, then you have many things to deal with. If it’s only a couple of units, maybe you might remain abreast of all this, but if you get more than two, things could get difficult quickly, and property management would be a permanent job, which can be what you had been attempting to prevent or have.

A property manager can stand between you and the tenents, managing communications with renters, maintenance requests, yard work, and in many cases interviewing and kicking out tenants as need be. In exchange, the home management company gets paid a percentage of the rent for their services, before filtering the balance to you.

So, your profit margin falls, however, your schedule becomes completely free. Additionally, good property management services are well worth the money considering how they may eliminate terrible tenants that amount to money, keep your properties in good shape, and look for reliable renters that lessen your vacancy rates and provide you reliable and steady rental income.

RentVest PM growth as taking many other property management companies in Duluth Georgia by surprise. The reality is that Duluth Georgia investment property owners had been looking for a affordable property management agency in Duluth Georgia for a while but he appears that no one was listening. RentVestPM.Com is the agency of chores for many real estate investment property owners throughout Duluth Georgia and we would like the opportunity to show you what makes us different. If you would like more info about RentVest we encourage you to take a look our blog.

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Quick Rehab Checklist Before Investing in Real Estate or Property Management

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Being able to quickly and accurately estimate a rehab is one of the skills every real estate investor should have. This also helps with property management. When a potential deal comes along, you have to be able to move quickly with your analysis because someone else is often right on your tail.

The ultimate trick is to be quick but accurate. This may seem like a no-brainer but often times the emotion or thrill of the buy will overcome your sense of logic. One way to minimize your risks is to create a checklist of items that need to be included on your inspection check. A simple checklist can save you time and money.

We have 2 go to lists of items that need checking broken up between interior and exterior. This article will focus in on the interior of the home. It will contain each item plus a spot for cost and comments. These costs and comments do not need to be exactly right but rather just an estimate of what repairs could be needed from a visual inspection. You can create a more detailed list later when you have more time to inspect the property or get a professional bid.

Electrical System: One of the most overlooked major systems and contain many different components. Focus in on the electric panel. Check to ensure it can handle a modern load of use from today’s technology. Is the breaker outdated and old?

Examine the outlets to ensure GFCI compliance. Also check if two holes or three holes. Two holes means there is no ground wire which can be a problem when reselling. These are simple fixes that will not take your whole rehab. The most of which could be a new breaker panel otherwise all these repairs can be done under $1000.

Plumbing System: First and foremost ensure the copper has not been stolen and you have a functional system. Try all faucets and fixtures. Check and flush toilets, look for leaks. Listen when water is running and after for drips or splashes which indicates leaks.

The most normal expense in the plumbing system is usually the water heater. If it is older than 10 years you are most likely needing to replace it. Check to see if it is vented properly.

One of the clearest indicators of a leak or an issue is mold or rotten wood. Those could be potential money suckers. Avoid mold at all costs unless you get a professional bid before purchase. Learn the extent of such before assuming it’s a small fix.

HVAC: Most units today will last around 15 years, if older be cautious and get inspected before purchasing. Check all air ducts to see if air is coming out. Is it hot or cold? Find cool or hot rooms in the house or any inconsistencies. These could be signs of ductwork issues or damage unit.

Kitchen: Does it need a complete redesign? The kitchen is one of the best factors to attract great buyers and tenants. How is the lighting? Well lighted, clean, and sleek look will attract tenants and buyers. Don’t go overboard because even property management can do you harm (if it’s overboard). Focus in on cabinets and lighting. You do not need to replace cabinets but look to see if painting them is a good option. Add good practical lighting fixtures and replace outdated ones.

Appliances: Stainless steel? Are all the same color? It is always a great selling technique to have new appliances when selling a home but for rentals, you can get away with older appliances and still attract great tenants.

Bathrooms: Colors matter here. Make sure they are clean based colors. Check to ensure fixtures are not outdated. Is there a medicine cabinet? If not that is an easy upgrade and selling point. Lighting is again important here. A simple swap of brighter bulbs can make a difference.

Walls: Look for holes and proper trim work. Small holes are easily patched but avoid holes bigger than golf ball. Stay away from bigger holes in doors as those can sometimes be costly.

Floors: Always look under the carpet! Hardwood and even concrete floors can be refinished and a cheaper alternative than replacing carpet. Tile can be a great upgrade for Kitchen and bathrooms. If there is a lot of floor space your flooring choice can make a big difference.

Door/Locks: Ensure exterior doors have separate bolt locks. Check keys to ensure same is used throughout exterior doors including door to garage. Are the door knobs consistent and working? Also ensure the locks are working on windows. Security can be a huge deterrent for buyers.

Fixtures: Ceiling fans can add to a room’s ambience and attractiveness. I spoke highly of light fixtures in other items but are important everywhere. They are low-cost improvements with big impacts. Make the home as bright as possible and replace old outdated styles.

Basement: Take a good tour of basement and pay attention to the smell. Mold can be big issues in basements. Look for evidence of flooding or other water issues. Also check for termites.

Attic: Take a look at HVAC equipment and also insulation. A poor insulation can wreak havoc on your bills. Check to ensure wiring is in compliance as a likely spot for fire is from faulty wiring in attic.

Other: Look for anything unique or odd. Add in any other elements you think could be pricey.

The Final Verdict Regarding Real Estate and Property Management Tips

Quick estimates can be a great skill to master. Good deals come and go quickly. Great deals happen in a flash. You need to be able to handle a quick and accurate estimate to ensure you stay in the game. Hopefully this checklist will help you neglect your risk for rental investment and hopefully it will boost your property management skills to the next level.

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