Property Manager Berkley Colorado

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Top Reviews for Property Managers in Berkley Colorado

Joe Barker
Joe Barker

5 out of 5 stars

posted 1 week ago

When you help someone find a great rental it is then time for them to go through the application process, which can be daunting. They called-in got to speak to the staff at MYND to be sure they were completing it properly and then to follow-up and provide any further documentation. It is nice to see good software that works well with their mobile devices and the staff support to handle any questions. I will be most excited to see them move in, but in the meantime hearing them rave about how friendly and supportive the MYND team has been through the process helps assure me they are in good hands.

Mary Beth FitzPatrick
Mary Beth FitzPatrick

5 out of 5 stars

posted 1 week ago

We have had very few issues while we have lived in our rental, but every issue has been resolved quickly and completely. Dondi has been especially helpful.

Andrea Harris
Andrea Harris

5 out of 5 stars

posted 1 month ago

We moved in April 2020, and so far- we have had ZERO issues! I've put in about 4 or 5 maintenance requests, and each one was handled immediately and satisfactorily. The people who answer the phone, as well as any requests on the portal, are always respectful and knowledgeable; if they don't know- they find someone who does. I'm very impressed so far!

The Role Of Your Property Manager

Prior to getting involved on this subject is imperative to highlight the concept behind hiring a property management firm. If you ever consider why the great majority of rental real estate investors call RentVest the top property manager in Berkley Colorado? That is because since coming to market we have satisfied the demands of property owners we represent.

A house manager is responsible for many things while looking after a residential/commercial rental property.

Investors want property managers to care for all requirements associated with their asset. This can include coping with tenants, managing possible upkeep issues, and ensuring all things are working when necessary.

The property manager has got to go through all of these responsibilities to ensure the client’s property is in good condition. Given that the house is functioning as required, the customer is happy. This is all on the property manager’s shoulders, which means they are generally out contributing to taking care of these details.

Many property managers have multiple properties as their responsibility and create a small portfolio of clients. This allows them to flip through different properties to make certain each one of these is well looked after through the day. Whenever there is a problem with any of these properties, they they take care of the issues.

Clients are generally forewarned about any issues and receive monthly/quarterly reports from their property manager. The property manager is also responsible for keeping the client’s interests under consideration whether they are financial or property-related. Generally, the house manager is a middleman between tenants and investors. This is determined by the agreement and what clients are trying to find. Each situation is tailored towards the client’s needs.

When searching for the right property management firm in Berkley Colorado it is important to know your goals. We all know that not every property managing agent are the same as a matter of fact the variety in the quality of service can vary a whole lot. We did not become the numberone property management company in Cumming Georgia overnight it has taken decades but today we can offer you a system that has been tested and perfected. With that said, we’re sure you may have questions about our in our services. When you do that best thing to do is to visit at our blog for everything there is to know about property management in Berkley Colorado.

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Property Management Question: Can Lower Rental Price Increase your ROI?

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The ultimate goal of rental property management investment is to return more money than what you pay out. The normal reaction to choosing rental price is to maximize it to get the most rent. But according to some rental property experts, doing so may actually cause you to lose more money.

About 99% of real estate investors and property management professionals in believe in maximizing rents as the most important steps towards increased ROI. This could not be further from the truth, as this tactic is the exact opposite of what should be done to maximize your ROI or return on investment.

Reasons Why Higher Rents May Decrease your ROI

It’s rather tempting to put a higher rental price tag on your properties so you can get a faster return on your investment. But then again, you should also consider a lot of other factors, before you go that route. Here are some of the other things that you must consider:

  1. Vacancy rate

Vacancy is the number one expense of a rental property. Most rental properties spend 28 days vacant each year. That is one months’ worth of rental of income and it creates a high negative hit against your ROI. The higher the rent, the longer a unit will sit vacant. Even if your properties only sit for three weeks, that’s still a killer to your bottom line.

  1. Lower tenant discretionary income

Higher rents can consume a higher proportion of the tenant’s discretionary income. This could increase the risk of default if the tenants’ income is interrupted. Even a high medical bill or car repair could lend risk to a tenant missing a payment.

  1. Attracting the wrong types of tenants

Good tenants are frugal and fiscally sound. They budget their money, look for good values, and plan carefully. They search and look for good values and appreciate it when they find one. Tenants who are overstretched and not fiscally sound will reach and overspend. They make sudden and impulsive purchases. These trends do not stop when finding a rental home or when they secure their own homes. They are more likely to make financial mistakes that hurt their chances of making on-time payments.

Ultimately the goal of any rental property investor or property management professional is to find quality tenants without comprising your bottom line. Lower rent with a higher value can attract great tenants and keep them.

Why Hire Property Management Companies

To keep your rental business sound and successful, you need a team of experienced property managers to help you build, run, and improve your business. First-time real estate investors who don’t know the first thing about property management and rental rates should seek the help of professionals if they want to keep their rental business afloat in the next few years. It’s not easy to manage a rental home on your own, especially if you don’t have the knowledge, training, skills, and experience needed for the job.

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