Property Management Company in Gresham Oregon

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When you’re looking for a Property Management Companies in Kissimmee, Florida everybody with any knowledge of rental property management will more than likely tell you to contact RentVest. Unlike some of our competitors, we are a full-service property management agency surfing more than 12 markets, including Atlanta, Dallas, Denver, Hawaii, Houston, Las Vegas, Phoenix, Portland, Reno, San Antonio, Tampa, Tucson, Vancouver, Washington and growing on a monthly basis. If given the opportunity we would like to show you why RentVestPM.Com is your best choice if you are looking for a flat rate property manager companies in Gresham Oregon. It is true that A small number of investors that own real estate see the role of a property manager firm as an extra expands.

Those that are successful at it know the benefits of hiring a property manager in Gresham Oregon. However, contracting a property management company is probably the top way to efficiently oversee investment properties. In the following paragraphs, we will review some of the benefits associated with hiring employing a property management agency.

  1. Being Able To Save Time One of the more noteworthy benefits that you may be able to appreciate whenever you choose to get property management agency is the opportunity to save your time. Managing properties can take considerable time out of your day. By working with a company to manage it for you, it will help you to save considerable time that you just wouldn’t normally be able to. This time-saving opportunity would help you focus on other activities including your personal life, business, or other investment projects.
  2. Fewer Vacancies Another benefit you will be able to have from employing an agency to manage your property would be the ability to manage fewer vacancies. The job of a management company is to get your unit(s) rented. Thus, they will be far better able to keep your property rented so you earn rental income. But, if you were to attempt to manage the apartments on your own, you could end up dealing with a lot of discrepancies with your properties and it might be far more difficult to continue earning an income. The period that you spend without a tenant you will ultimately lose money on opportunity cost.
  3. They Handle All The Legwork – One more major benefit which you will get once you contract a property management agency is the ability to use someone who will be fully willing and able to deal with all of the legwork associated with having your apartment rented and getting paid. They will likely even have the ability to handle and take care of everything from evictions to the upkeep of your property. Having a company manage everything for your property, full-service can really turn the investment into a hands-off investment which could earn you continual income.

Overall, employing a management company to assist in your house investments is among the best decisions you possibly can make. There are numerous benefits associated with getting a property management agent that makes it worth the investment. At the end of the day the reason you are searching for a property management agency in Gresham Oregon is more than likely because you have probably are starting to see that finding a competent property management company is in your best interest. If you are new to investment property management, we ask that you check out at our blog. But please, note that if you still have questions give us a call, our property managers is here to address your concerns

Best Property Management Company Reviews in Gresham Oregon

Cecil Ash
Cecil Ash

5 out of 5 stars

posted 2 months ago

RentVest has provided me with worry-free management. The tenants have always been excellent tenants. The money comes in on time, and I don't ever have to worry about what's happening with my property.

Stephanie Ulibarri
Stephanie Ulibarri

5 out of 5 stars

posted 2 months ago

Working with RentVest has been rewarding. Synthia was a great help. She guild me through the whole process. I was in need of a place to rent she help take the stress I was feeling away. I am thankful for all your help.

Erica White
Erica White

1 out of 5 stars

posted 2 months ago

This company should be ashamed of themselves. Our realtor tried to work with them, but they literally ghosted us. If you’re working with Harry, beware! We were trying to close on a property and he stopped responding to our agent. Application submitted, approved, and then... radio silence. Seriously. This is the most unprofessional company I have ever dealt with. Harry should be fired.

Recent Blog Article Related to Property Management Service Companies in Gresham Oregon

Time-Saving Tactics Efficient Real Estate Management Companies Employ

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Real estate management companies and landlords understand the value of efficiency when it comes to effectively supervising rental properties. In fact, efficiency is critical. Below are five time-saving strategies every property manager and landlord should know:

Adopt Effective Real Estate Management Strategies to Reduce Tenant Turnover

Filling vacancies with new tenants is one of a property manager’s most time-consuming tasks. The key is to focus on reducing vacancies and retaining good tenants by providing services and resources that encourage tenants to stay.

Setting extended lease agreements is a common practice property managers use to reduce tenant turnover. Maintaining consistent rent rates is another tactic to avoid vacancies. Some might argue that without rent increases you can’t increase earnings but the opposite is true. Maintaining a lower rent rate can actually save the property owner money.

For example:

You decide to raise the current monthly rent price of $1,000 by $100, that leaves you sitting on a vacant apartment for at least one month. An attempt to earn just $1,200 more in a year will cost you $1,000. Plus there will be additional fees to cover—cleaning costs for the vacated apartment, listing fees, and the expense of tracking the whole process. It’s not worth the expense involved.

However, keeping your rent price low isn’t always the best strategy. Depending on your rental property’s location, if rents in your market are surging (15 percent increases or more year over year), without increasing your rent price accordingly, you could lose quite a bit of money.

Real estate management companies with rentals in small towns or cities that aren’t experiencing a lot of growth are wise to keep rent rates where they are. Tenants will appreciate the steady rate and stay, sparing property managers and landlords the bother and expense of filling new vacancies.

One way to mitigate the turnover that results from rent increases is to structure small rent increases into lease agreements—$20 – $50 each year. Your tenants are likely to consider the increase small enough to manage and are unlikely to move out.

Thoroughly Vet Applicants before Approving a New Tenant

While it’s a time-consuming task, when done right thoroughly screening applicants before the lease is signed will save you time, money, and potential headaches in the long run. The goal is to screen applicants exhaustively to find tenants most likely to stay in your rental long-term. Good, potential long-term tenants will demonstrate a good credit rating, verified employment and salary, a clean rental history for paying on time, no previous evictions, references, and a clean background check.

Take the time to contact their previous landlords to find out more about the tenant’s conduct during previous tenancies, and the condition in which they left the rental upon vacating.  Finding reliable long-term tenants should be the goal, which means cutting no corners in the screening process in order to maximize efficiency, avoid problems down the road, and ensure a successful, long-term tenancy with you.

Set Up an Online Rent Payment System

If you’re still accepting paper checks for monthly rent payments, establishing an online payment system is a much more efficient and time-saving process for rent collection. Requiring tenants to pay their monthly rent online eliminates the risks of mail delays or bounced checks. An online rent payment system also allows you to automatically send out payment reminders to all tenants a few days before rent payments are due.

If you’ve put off setting up an online payment system to avoid the associated fees, consider how much time and money it costs you to deal with checks delayed or lost in the mail and checks returned for insufficient funds. Plus, there’s the value of your time or your management team’s time spent keeping track of check payments, recording them, and depositing them.

Online payment systems automatically deposit and record rent payments directly and immediately to the property owner’s bank account, eliminating the risk of human error or theft. Additionally, a majority of tenants today prefer and expect the convenience of an online rent payment option, making it an important selling point for potential tenants.

Regularly Scheduled Property Inspections

Scheduling regular property inspections may seem like a momentary inconvenience, but they’re vital to efficient property management in the long run. Regular inspections are crucial to preventing small problems from becoming much bigger costly and time-consuming catastrophes.

Routine property inspections are designed to identify and correct problems such as small, hidden water leaks before they have time to cause structural damage, collapse ceilings, cause flooding, or create an environment favorable to the growth of toxic black mold. These inspections cover a range of preventative structural and systems checks, such as making sure the building’s HVAC system is running properly and operating at maximum energy efficiency.

Think of routine property inspections as investments in long-term efficiency and security to keep the property owner’s investment in excellent condition for years to come.

Answer Every Possible Question Potential Tenants May Have When Writing the Online Listing

When creating your online listings, include as much information as possible about the rental unit. This will save you’re an extraordinary amount of time you’d be wasting tied to the phone answering heaps of questions from inquiring renters.

In addition, apartment seekers can learn all they need to know about whether your apartment is a good fit based on the listing’s detailed information before you’re stuck fielding calls from apartment seekers with questions that only confirm it’s not a good fit.

What detailed information should you include in your online listing? Here are just a few important details to start with:

  • Number of bedrooms/bathrooms
  • Amenities
  • Amenity upgrades
  • Washer/dryer and hookups
  • Number of units available
  • Preferred move in date
  • Lease term preferred or required
  • Location features
  • Images of the property and apartment
  • Parking options
  • Pet-friendly or not

Pool and outdoor features

Install Hardwood Floors Instead of Carpeting

Carpets may be less expensive at initial investment, but it becomes a colossal time and money waster for property managers who must deep clean or replace it each time a new tenant is preparing to move in. Most people prefer hardwood floors, which are a big selling point when it comes to attracting tenants.

While hardwood does require some maintenance, it’s less expensive to maintain hardwood than replace carpeting every few years. Additionally, hardwood floors will increase the value of the apartment—many renters are willing to pay more for an apartment with hardwood floors. From an efficiency standpoint, hardwood is a much better choice than carpeting.

By following these efficiency guidelines, real estate management companies and landlords can escape a host of preventable time sinks and expenses caused by ineffective processes that can be easily fixed. Plan ahead, stay organized and challenge yourself to address other inefficiencies as they arise and nip them in the bud. Efficiency is an integral part of every successful property management team, landlord and profitable rental income property.

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