Property Management Companies Spanish Springs Nevada

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Are you a real estate property owner in or near Spanish Springs Nevada? Ask yourself, is your existing property management company charging you too much?

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If you are in search of a dependable real estate property management agency in Spanish Springs Nevada RentVest Property Management welcome you! The number of property management companies in Spanish Springs Nevada is quite substantial. However, whether you’ve had a positive or bad experience RentVestPM.Com would like to show you how we make owning a rental property easy.

What exactly do property managers in Spanish Springs Nevada do? Do you know what Property Managers do? The fact is they look after a variety of assignments, with the main one being collecting rent. rent collection can be a strenuous task for most propery owners. The greater number of tenants they may have to manage, the more of a challenge it is to remain up to date with collecting rent, but property managers take care of the whole rent collecting process.

They also see about maintenance issues. By way of example, they are able to send a handy man to take care of ordinary repairs or give repairs services if they are needed. All you have to do is agree to payments or pre-approve payments ahead of time, that way the manager of the property will not need to call you every single time repairs has to be done.

Finding prospective renters who will pay their rent punctually is yet another thing property managers take care of. They can run credit checks, take interviews and execute a complete background check. They are fully aware of what to consider with regards to choosing tenants.

Bookkeeping is normally included with the services provided by property managers. They can maintain correct records, which is useful when it is tax time. Accounting is hardly an enjoyable assignment, but it has to be done and it has to be done efficiently, which is one of the reasons landlords should use property managers.

Employing a Property Management Company in Spanish Springs Nevada!

Working with a property management person will cost you money, nevertheless it can help you save time and effort. For those who have properties which you own and rent out to clients, be they professional or private, then you have many things to care for. If it is only 1 or 2 units, maybe you might remain on top of all this, but when you get more than that, things will get problematic very fast, and property management would be a full-time job, which happens to be that thing that you were seeking to evade or currently have.

A rental property management company is the middle person between you and your renters, handling calls with renters, maintenance requests, yard work, and also finding and evicting tenants when required. In exchange, the property management company receives a percentage of the rent for themselves, before giving the rest to you.

So, your profit margin decreases, however, your schedule is freed up. Additionally, worthy property management companies are definitely worth the money considering how they can get rid of terrible renters that cost money, keep the properties in excellent condition, and locate reliable renters that reduce your vacancy rates and provide you with reliable and steady rental income.

RentVest Property Management growth as taking many other property management companies in Spanish Springs Nevada by surprise. The truth is that Spanish Springs Nevada property owners had been searching for a dependable property management company in Spanish Springs Nevada for some time now but he appears that they were not listening. RentVest PM is the company of chores for many real estate investment property owners throughout Spanish Springs Nevada and we would like the opportunity to show you what makes us different. Those looking for additional information on the services we offer at RentVest we ask that you stopped by our blog!

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Property Management Companies Are Using Smart Technology for Attracting New Tenants

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Progressive property management companies are continuously looking for opportunities to attract new tenants. In competitive rental markets, knowing what amenities renters want is often the best way to most is one way to accomplish this task and snatch potential leads away from competitors.

Recent research finds that technology is an important influencer when it comes to renters’ choices, and in fact, renters expect it. Technology presents property managers with an excellent opportunity to distinguish their properties from all the others in ways that draw potential enters in and helps keep them for longer tenancy stretches.

So What Technology Do Savvy Property Management Companies Use?

So how do property management companies leverage the latest technologic innovations to ensure a steady flow of potential tenants to their properties? Buildium’s 2017 American Renter’s Report discloses the reasons 1,116 apartment seekers chose their rentals, and home technologies played a major role in their decision-making.

Beginning with the search process, technology plays a major role in every step of the renter’s experience. According to the report, 50 percent of apartment-seekers interviewed searched online for apartments and applied for tenancy online. This emphasizes the importance of promoting rental listings using optimized, searchable online marketing strategies and incorporating appealing images and engaging marketing copy to grab the attention of potential tenants.

Attracting tenants to your rentals in today’s digital world requires more than cosmetic updates to the property and units. Advanced modifications like smart thermostats and high-tech appliances that offer energy efficiency appeal immensely to renters who are willing to pay higher rates to have them.

Convincing owners to update their investment properties with high-tech amenities may seem like a challenge, once they see research results showing that properties equipped with high-tech, energy-saving features gain an edge over competitors, even if the rental rates are higher.  Plus, it doesn’t take a huge expenditure to offer smart home technology. Adding just two or three smart elements to your rental units—such as smart thermostats, smart lighting, smart Wi-Fi-connected electrical outlets or smart door locks—can be a cost-effective opportunity to market your units as smart-homes and attract more potential tenants.

Smart home features are particularly popular among Millennials, who comprise 68 percent of survey respondents who said they are most likely to rent an apartment that features smart technology. In fact, Millennials represent an ever-increasing percentage of renters and are expected to soon become the most important tenant target market.

Good communication is essential for building positive relationships between tenants and property management companies. Deciding on the best ways to communicate with tenants requires careful consideration for the best results.

Research finds that communication channels involving technology are most popular among tenants, most of whom prefer email communications (53 percent) or text messaging (also 53 percent) for sending and receiving important information, as opposed to calling, visiting, leaving a note, or mailing a letter.

Tenants also want the ability to submit and track maintenance requests electronically. Most property management software is designed to accommodate maintenance requests submitted through a resident portal.

Using Technology to Pay Rent and Fees:

Most tenants don’t enjoy paying rent, but the process is more convenient when they have the ability to pay online. While only 29 percent of tenants have an online rent payment option, 59 percent report that they want this technology, and 53 percent would use a mobile app to pay rent if it were available.

Which Technologies Will Renters Pay more for?

What are some ways property management can use technology to attract new tenants, increase revenues for property owners, and even sustain higher rental rates?

According to Buildium’s 2017 American Renters Report:

  • 49 percent of renters would pay more for central air
  • 44 percent of renters would pay more for high-speed internet
  • 30 percent of renters consider energy efficiency to be an important reason to choose a rental
  • 15 percent of renters would pay higher rent for an eco-friendly building

Property managers can implement smart technology devices that help tenants track their energy usage and automate their apartment units, which are the most likely types of rental properties to attract tenants by offering smart technology.

Gartner Technology research predicts that smart devices for home automation will be standard in most homes in just five years. Smart tech implementation rates are increasing exponentially. The sooner property management companies start integrating smart technology in rental units, the sooner the property’s prospective tenant leads will outpace the competition, reduce vacancies, and increase tenant retention rates.

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