Property Management Companies Lake Highlands Dallas Texas

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Are you a rental property owner in or near Lake Highlands Dallas Texas? Ask yourself, do you know what your existing property management company is going to charge you next month?

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Welcome to RentVest’s new website if you have been looking for a dependable rental property management firm in Lake Highlands Dallas Texas you have found the right website. The number of property management companies in Lake Highlands Dallas Texas 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 Lake Highlands Dallas Texas do? Do you know what Property Managers do? The simple truth is they do many different things, with the main one being collecting rent. Collecting rent might be a demanding job for most landlords. The greater tenants they have, the more of a challenge it is to remain on top of rent collection, however property managers look after the whole rent collecting process.

Additionally they deal with upkeep issues. For instance, they could send a repair person to do ordinary repairs or arrange for upkeep services when they are asked for. All you have to do is approve of payments or pre-approve payments beforehand, doing this the manager of the property do not need to reach out to you each time fixes is needed.

Finding prospective tenants who will pay their rent by the due date is an additional thing property managers do. They are able to do credit report checks, conduct interviews and perform a thorough background check. They are aware of things to search for in relation to choosing renters.

Bookkeeping is usually included in the services given by property managers. They are able to keep correct files, which can be useful when the time comes to file taxes. Bookkeeping is not really an enjoyable assignment, but it has to be done and it has to be done efficiently, which is one of the reasons property owners propably use property managers.

Getting a Property Management Company in Lake Highlands Dallas Texas!

Getting a property management company will set you back money, however it could help you save a lot of time. When you have apartments which you own and rent out to renters, be they professional or private, then you have many things to manage. If it’s only 1 or 2 units, maybe you can stay on top of everything, however when you have more, things might get difficult quickly, and having a property manager could become a full-time job, that is that thing you were attempting to prevent or have.

A rental property management company is the middle person between you and the renters, handling queries with tenants, repair requests, yard work, and even finding and evicting tenants as needed. In exchange, the property management firm collects a share of the rent for their time, before passing the balance to you.

So, your profit margin falls, but your schedule is totally free. Additionally, good property management services are well worth the money considering how they may do away with horrid tenants that amount to money, make your properties in good condition, and locate reliable renters that reduce your vacancy rates and provide you with reliable and steady rental income.

RentVest PM domination more than 12 markets as taking many other property management companies in Lake Highlands Dallas Texas by surprise. The reality is that Lake Highlands Dallas Texas investment property owners had been asking for a affordable property management company in Lake Highlands Dallas Texas for some time but it looks like that no one was listening. RentVest PM is the agency of chores for many real estate rental property owners throughout Lake Highlands Dallas 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 information on the services we offer at RentVest PM we ask that you check out our property management rates blog!

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Investment Property Management In Today’s On-Demand Economy: Tips For Property Managers and Landlords

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Property managers and landlords should understand how today’s on-demand economy applies to rental properties and investment property management.  The prevalence of mobile technology and artificial intelligence (AI) has left no industry immune to disruption, and that includes real estate. Today’s consumers shop and pay for pretty much everything online, changing the way property managers meet the high demands of current and potential renters.

This on-demand economy means that renters are looking for personalization, convenience, and speed in everything from their housing search to how they pay their rent, submit maintenance requests, and access lease information. Property managers have an excellent opportunity to put on-demand conveniences in place to maximize the tenant experience that distinguishes their property from competitors’.

Below are five must-have on-demand strategies to enhance every phase of the tenant experience. These strategies are guaranteed to make investment property management a lot simpler for you.

Make Applications and Screening Available Online

Accommodate potential renters by making applications, tenant screening actions available online. Digital technology now enables property managers to obtain a signed lease sooner—even during the applicant’s first visit to the property. Online applications allow potential renters to apply and pay any application fees before they arrive for a first viewing or even during the viewing. Instant tenant screening technology provides credit checks, eviction histories, and criminal background reports. Prospective renters whose screening criteria comes back with positive results can be approved for tenancy on-the-spot.

Streamlining the application process makes it possible to sign more good tenants since prospective renters will be less likely to wait for other properties to approve them. An approved applicant can sign the lease immediately or, if they need time to consider, they can submit a signed lease later conveniently, without the need to scan, fax, or returning a signed paper lease.

Advertise Vacancies Online

Today’s rental seekers prefer to search properties online and on their own schedule. There is a multitude of listing sites that renters use for their housing searches including Zillow, HotPads, Rentler, Zumper, RentLingo, and many others. Online platforms like these allow property managers to maintain accurate, up-to-date information as well as on the property’s website to fill vacancies quickly.

Manually posting rental vacancy information to a property management website and third-party listing sites can be time-consuming and vulnerable to human error, which can diminish the experience for potential tenants if staff posts incorrect information or fails to remove leased units immediately. Programs like one-click vacancy posting easily manage vacancy information and create better experiences for prospective tenants from the moment they engage with your brand.

On-Demand Information and Viewing Scheduling

A recent Zillow Group Report on consumer housing trends found that 71 percent of renters expect a response to their initial rental inquiry within 24 hours. Thirty-one percent said they expect a response within a few hours. This is a tight time-frame for leasing agents to manage.

New innovations in AI technology can greatly improve your lead-to-lease conversion by automatically engaging each lead, answering their questions, conducting the screening process and allowing qualified leads to book viewings at their convenience. Potential tenants can even book self-guided viewing using lockbox technology, which provides leads with a unique code to gain access to the unit shortly before their scheduled viewing. By providing the availability of on-demand viewing, you can make a good impression on prospective residents by accommodating their preferences, offering instant service, and approving qualified applicants more quickly and efficiently.

Online Payments

Renters in today’s on-demand economy expect the convenience of making online rent payments. Tenant rely on the ability to pay from anywhere using their computer or a smartphone.

Online rent payments also save property managers and landlords time and the costs associated with paper checks, money orders, or even cash payments. Many businesses have cut the time spent on rent week activities in half by using online payment technology to significantly simplify reconciliation and reporting. Online payment options also reduce or eliminate the chance of human error in data entry, ensuring 100 percent accuracy.

Online Maintenance Requests for Easier Investment Property Management

On-demand principles can also be applied to things like maintenance requests to improve the tenant experience and simplify the process for property management staff.

According to recent research by Microsoft, 70 percent of consumers worldwide have a more favorable view of brands that keep in contact with proactive customer service notifications, and 52 percent of consumers in the U.S. have a more favorable view of brands that offer a mobile-responsive customer service support portal.

This strategy can be easily applied to rental property maintenance requests. Residents no longer need to call to report or follow up on a maintenance issue. Instead, new property management software allows them to submit requests online using a computer or smartphone. Tenants receive regular updates on the status of their request through their preferred communication method, whether SMS or email, alleviating much of the hassle residents ordinarily content with when a problem arises.

Today, signing and retaining good renters and keeping vacancies low means ensuring a positive tenant experience. By making on-demand technology available to them not only enhances the tenant experience, it also goes a long way toward setting your rental properties apart from the rest. With superior investment property management, your rental business is sure to achieve success.

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