Property Management Companies Drexel Alvernon Arizona

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Are you searching for flat fee investment property management company in Drexel Alvernon Arizona?. When deciding on a firm for managing rental property there’re quite a few factors to consider. While buying real estate property is often very advantageous, investments like these can be challenging to take care of. That’s why it’s wise to use a business that are experts in managing investment real estate. The correct firm are able to execute a number of essential tasks for you.

The correct management firm will see about a multitude of issues, including asset management, property management and portfolio management. Many firms also provide additional support services, including financial services, along with an IT department.

These property management establishments also bring a lot of experience and knowledge to the table. Many property management establishments concentrate on specific types of property management, for example luxury homes or multi-family homes. Each firm ought to have a proper comprehension of the market along with the requirements for the sound real-estate investment.

Utilizing the best management company will also provide you with more opportunities. There are actually firms that allow financiers to group their financial resources, that could present you with access to investments that could have otherwise been unavailable to you. If you need more investment options, by using a company is the best choice.

Take time to get a company that meets all your requirements and is allowed to give the aid you’re seeking. You’ll benefit immensely as soon as you start working with the investment firm. Even though not a technology company per se when compared to other property management companies in Drexel Alvernon Arizona, RentVest PM is substantially more advanced. Our commitment to technology has facilitated our expansion into more than 12 territories in a very short period of time.

Benefits of Utilizing a Property Management Business in Drexel Alvernon Arizona!

Take time to look for a company which fits all your requirements and is capable of supplying the help you’re looking for. You will benefit immensely as soon as you begin working with the investment firm. Although not a technology company per se when compared to other property management companies in Drexel Alvernon Arizona, RentVest PM is profoundly more sophisticated. Our investment in technology has allowed us to grow into more than twelve markets in a very short period of time.

Benefits of Hiring a Property Management Business in Drexel Alvernon Arizona
Renting my property was tough to do on my own. Hiring a property management company helped a lot. Not simply did it free up my time, but it provided much better profits on my rental. The rental property managers which I ended up employing could handle everything associated with my property rental and they also were able to find the appropriate renter and it would not cost me a fortune to deal with. Because they already had a proper screening process, they could locate tenants that had been effective at paying on time each month. It took lots of pressure from the entire rental process and converted our house into a practical income stream that we can rely on each month.

Being forced to manage a rental house all by yourself can be a significant hassle that you might want to prevent. Making the decision to invest in using a property manager may be one of the most effective decisions you make if you are searching to rent your property or apartment without seeing it become a full-time task for yourself. A property management company completely took over the management of our house and enhanced the efficiency of the whole process, from start to finish therefore we would undertake it again with no worry. With all of that said it’s imperative that we mentioned that although we are known for Property Management Companies in Oro Valley we also offer those looking to rent a pristine inventory of properties for rent in Drexel Alvernon Arizona. So, if you are a investment property owner in or near Drexel Alvernon Arizona looking for to improve the return on your investment we would like the opportunity to show you how to make this a reality. If you would like more details about RentVest Property Management we ask that you stopped by our blog

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Property Managers and Landlords: Are Smart Thermostats Right for Your Rentals?

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Smart home technology has become a sought-after amenity among renters for the convenience, security, and cost savings it provides. Smart thermostats are at the top of the list when it comes to home automation technology. As a property manager or landlord, how can you know if adding smart thermostats in your rental units will benefit your property’s competitive edge?

How do smart thermostats work?

Smart thermostats allow tenants to precisely control the temperature of the rental based on time of day, usage, and weather patterns to help save energy and lowering heating and AC costs. Smart thermostats are devised to automatically adjust temperatures based on the residents’ behavioral preferences and patterns. Smart thermostats can also be manually adjusted, allowing tenants to adjust and monitor the temperature of a unit remotely. They also provide property managers and landlords with more control over the energy outputs of the units.

Smart thermostats are relatively straightforward to install and compatible with most existing heating and cooling systems, making them a welcome upgrade that’s easy to integrate into rental units.

The benefits of installing a smart thermostat in rentals

Attracting and retaining tenants
Especially in competitive housing markets with many options for renters to consider, attracting and retaining quality renters can be challenging. However, rental properties offering smart technology is proving attractive to more renters of all ages. According to Buildium’s Annual Renters’ Report, 71 percent of millennial renters are more interested in units with smart home technology-enabled units. Fifty-five percent of baby boomer renters favor rentals with smart home technology, but only if it’s intuitive to use.

The data on smart thermostats shows that, on average, 32 percent of renters surveyed say that they would be more interested in renting a unit with a smart thermostat installed. The added bonus is the eco-friendly benefits that smart provide, a feature that appeals to more residents who are conscientious about living a sustainable and energy-conscious lifestyle.

Property managers hoping to encourage current tenants to renew their lease may be able to convince them to stay by offering to install a smart thermostat. The same Buildium report finds that 12 percent of survey respondents say they would be more likely to renew their lease if smart home technology was to be installed.

Raise the Rent

Additional data from the survey reveals that 23 percent of renters would be willing to pay higher rent for a unit with smart home technology installed. When you compare a smart thermostat to the top three unit amenities for which renters say they’d be willing to pay a premium (including in-unit washer/dryer, central air conditioning, and a balcony or private patio), a smart thermostat is much less expensive and easier to install. When considering upgrades to improve the value of a unit, we recommend that property managers first perform some market research to understand the potential a particular upgrade can justify a higher rent price based on how much people would be willing to pay for the added feature.

If you have existing tenants who are considering renewing their lease, you can add the addition of a smart thermostat to explain the upcharge in rent in your rent increase letter, and further explain how a smart thermostat can lower their utility bills and compare what they’d save in energy costs to what they’d spend in rent to emphasize your case. Utility companies will often do the analysis for you.

Lower costs for property owners who pay the utilities 

Property owners with multi-family residences who have no way to divide the utility bill among tenants, installing smart thermostats is an easy and affordable way to save some money. Smart thermostats can help make your units as energy efficient as possible and enable you to control the heating and AC remotely. Tenants who don’t pay their own utilities are less likely to be attentive when setting the heat or cooling temperature in their units. A smart thermostat puts you in control when it comes to monitoring temperatures and minimizing energy costs.

Additionally, energy isn’t wasted in vacant units since smart thermostats automatically expend less energy in unoccupied spaces. They can also provide you with an idea of total usage across your properties if you own more than one.

Initial costs

The most popular smart thermostats, such as Ecobee4, Emerson Sensi Touch, and Google Nest Learning Thermostat range in costs, generally between $130 and $249. Depending on the number of units to which you plan to add smart thermostats, the cost can add up. However, there are some great local and state energy efficiency incentive and rebate programs available to property owners for energy-saving devices. Before you make an energy-efficient purchase, visit the Department of Energy (DOE) website to search their database of energy efficiency tax credits, rebates, and savings available at the local and state levels.

While providing smart thermostats offers your renters the opportunity to save money on their utility bills, as a property owner you’re not saving any money. However, you can raise the rent on your units to defray the initial cost of your investment and at the same time, give prospective tenants an incentive to choose your property over your competitors and encourage current tenants to renew their leases.

If you’re considering replacing any major appliances or preparing to start significant renovation work, if investing in smart thermostats threatens to bust your budget, now may not be the time to install them. Go with those upgrades that your market tells you are most attractive to the highest percentage of renters.

Other smart home options to consider include smart locks or a smart security camera system, which renters also rank high on their list of preferred amenities. However, keep in mind that, not only do those options cost more to purchase and install, for security cameras you’ll want to make sure to consult with neighbors and familiarize yourself with local and state laws regarding security systems as these devices could impact issues of privacy.

Make the decision that’s right for your rental property

When it comes to deciding whether to install smart thermostats in your rental units, you know your budget and rental market best. If you don’t, we highly recommend working with a property manager who is qualified, understands your market’s demands, and is experienced in helping property owners make smart home upgrade decisions The right property management team can help you determine whether installing smart thermostats will boost your rental property’s appeal to renters and help boost its competitive clout among other rentals in the area. They can also help set fair market rent pricing, and assist with renovations.

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