Property Management Companies Fountain Hills Arizona

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Are you a real estate investment property owner in or near Fountain Hills Arizona? 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 dependable property management agency in Fountain Hills Arizona RentVest Property Management welcome you! If you’ve had a bad experience with any of the many property management companies in Fountain Hills Arizona we would like the opportunity to show you how RentVest Property Management can put those worries aside.

What do property managers in Fountain Hills Arizona do? Do you have any idea what Property Managers do? The simple truth is they look after a variety of assignments, with the main one being collecting rent. rent collection could be a strenuous task for many landlords. The greater number of tenants they have, the more of a task it is to keep on top of collecting rent, but property managers take care of the entire rent collection process.

In addition they take care of maintenance issues. For instance, they are able to send a repair person to take care of ordinary repairs or give upkeep services when they are needed. All you need to do is approve of payments or pre-approve payments beforehand, this way the manager of the property will not have to contact you each time maintenance is required.

Locating prospective renters that will pay their rent by the due date is another thing property managers do. They could run credit checks, conduct interviews and perform a indept security check. They are aware of things to look for in terms of choosing tenants.

Bookkeeping is usually offered with the services given by property managers. They are able to keep accurate records, which come in handy when the time comes to file taxes. Accounting is hardly an enjoyable assignment, but it has to be done and it should to be done properly, which is one of the reasons property investors propably employ property managers.

Working With a Property Management Company in Fountain Hills Arizona.

Hiring a property management person will set you back money, nevertheless it can help you save lots of time. If you have properties that you own and rent out to clients, whether they are businesses or residents, then you have many things to take care of. If it’s only one or two units, maybe you might remain abreast of all this, but if you have more than two, things might get complicated quickly, and property management could become a permanent job, which happens to be something you had been trying to evade or already have.

A rental property manager is the go between for you and the renters, handling calls with tenants, repair requests, yard work, as well as accepting and turning away tenants as needed. In exchange, the house management firm receives a portion of the rent for themselves, before paying the remainder to the owner account.

As a property owner, your profit margin drops, yet your schedule becomes completely free. Additionally, good property management services are definitely worth the money considering how they may eliminate horrid tenants that cost money, maintain your properties in good condition, and find reliable tenants that lessen your vacancy rates and provide reliable and steady rental income.

RentVest Property Management rapid expansion as taking many other property management companies in Fountain Hills Arizona by surprise. The reality is that Fountain Hills Arizona real estate investors had been asking for a reliable property management firm in Fountain Hills Arizona for quite a while but that no one was listening. RentVest PM is the agency of chores for many property owners throughout Fountain Hills Arizona and we would like the opportunity to show you how we can save you money on your rental property management. Those looking for additional information on the services we offer at RentVestPM.Com we ask that you visit our blog!

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Investment Property Management Tips: Choosing the Right Flooring for Your Rental Property

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For property managers and landlords who decide to replace the flooring in a rental property, the challenge is making the right choice for a property that will be occupied by tenants who may be less careful than a homeowner when it comes to caring for hardwood floors. It’s a crucial investment property management decision. Replacing flooring in a rental is a hefty investment that demands some careful thought when it comes to selecting between manufactured vinyl flooring. For a rental property, the flooring you choose should provide a balance between durability, cost, and appearance.

Vinyl wood flooring is designed to simulate hardwood, but unlike its authentic counterpart, vinyl is impervious to penetration or damage due to moisture or humidity. If a low-quality adhesive is used to install vinyl flooring, it may come loose in moist environments and cause the tile to curl but the material itself will not be damaged by water, making it a good option for kitchens and bathrooms. Vinyl flooring installed costs on average $2 – $8 per square foot.

Hardwood, on the other hand, is a natural material—solid wood planks—and not all wood is alike. With hardwood, there are a number of factors that will establish your floor’s appearance upon installation, including the species of wood, its grade, cut, and whatever color or finish treatments you decide to apply. The price difference between the two types of flooring can be substantial. Depending on which hardwood you choose, hardwood flooring installed costs on average $12 – $20 per square foot.

Many rental property managers and landlords waver between going with vinyl and hardwood flooring, and it’s important to understand the pros and cons of either choice. Keep reading below to discover the real determining factor for choosing between hardwood and vinyl.

1.  Cost

Real hardwood flooring is substantially more expensive than vinyl plank flooring. Vinyl plank flooring is printed with the colors and markings found in natural hardwood and recent advances in printing technology now allow vinyl products to simulate the look of a variety of wood species accurately. However, if you’re willing to spend a little more money upfront, hardwood flooring could turn out to be an investment in the value of your property that will add value down the road. If you think about a day when you decide to sell the rental property, comparison properties in the area with real hardwood floors will help determine your home’s market value. Additionally, your choice might impact renters’ decision regarding whether or not they decide to rent your property.

If you are planning other major property upgrades in addition to the flooring, you may want to consider investing in the higher-quality choice. For example, you might not spend $5,000 on flooring for a property you purchased for $60,000, but if the sum of all your improvements increases the value of the property to $120,000, then the $5,000 floor could be the better decision.

2. Installation

Another important consideration when it comes to choosing the flooring you plan to install in your rental property is the time and effort you are prepared to expend on installation. Hardwood floors are sometimes difficult to install so it’s usually best done by professionals. If you decide to install the hardwood flooring yourself, you should consider the cost and time involved in such a project. Additionally, the cost of surface preparation can vary greatly. The current flooring, whether carpet or tile, could be concealing imperfections that will require leveling the subfloor or replacing it altogether. Make sure to remove the current flooring to examine the condition of the subfloor before purchasing your hardwood supplies.

On the flip side, vinyl plank flooring is comparatively easy to install yourself and can be placed directly over plywood or OSB subfloors, concrete slabs, and most existing floor types including wood, vinyl, and ceramic tile. Different types of vinyl plank flooring require different installation methods, ranging from interlocking to grip-strip to peel-and-stick. Before you begin installation, make sure to read the manufacturer’s installation instructions.

3.  Durability

Durability is a primary consideration when it comes to installing new flooring in a rental property, where you will have to trust your tenants who may not be as hypervigilant to avoid scratching the wood or cleaning up a spill quickly as you would hope they will be. Renters generally increase the wear and tear on a property, so durability is a priority.

While hardwood flooring has improved dramatically in seams and finishes, vinyl plank flooring is durable, stain-resistant, water-resistant and extremely easy to clean. The choice of flooring you decide on may boil down to the type of tenant you expect to sign. If you haven’t already, conduct some research on the rental market in your area to learn who your rental market represents. Families? College students? Professionals? Is it an area with an abundance of pet owners who will not rent a no-pet unit?  Or is it in an upscale market in which tenants look for rentals exclusively with real hardwood flooring and would never consider a unit with vinyl?

Flooring Choices and Investment Property Management

Your research will ultimately help you determine the demographics of your primary tenant pool, and that knowledge should impact your flooring choice based on the amount of durability and likelihood of replacement required. Regardless of which type of flooring you select, be sure to keep some extra boxes of the flooring planks on hand in case repairs are necessary down the road. Doing repairs when it’s due is a sign of outstanding investment property management.

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