The first thing investors must learn when getting into the Single Family Rental business is that owning rental property is a business and you must treat it as a business. Anyone can buy a property and obviously it is important to try and buy the property right, but your long term success and failure will depend on how it is managed, which is the hard part.
Here are some important questions to ask yourself:
How much money do you make?
How much time do you spend making that money?
How quickly do you receive your money?
How much money do you spend?
Your biggest asset is your time. Managing rental properties is a 24/7 business. Property managers with a turnkey system give you freedom from stress to enjoy those things most important to you and the peace of mind you deserve. Do you want to benefit from your investment without paying more money and sacrificing your time and health? Employing a good property management company with resources not readily available to owners can help owners by:
- Renting your Property Faster
- Showing the property
- Quicker maintenance turnaround
- Advertise on multiple marketing websites
- Leasing Giveaways
- Saving Money
- Buying power on labor and parts
- Maintenance software quickly handles repairs and monitors vendor’s activity
- Higher retention through tenant appreciation and service
- Maintain property value through maintenance and inspections
- Inexpensive property insurance for your property
- Saving Time
- 24/7 Online Portal Access to tax statements, reports, and invoices
- Postings, evictions and tenant discrimination lawsuits
- Tenant screening
- Leasing appointments
If you’re looking for a property manager in Tulsa, we hope you will give us a call. We’d love the opportunity to talk to you and let you know what we can do to help manage your property in the Tulsa market. Please contact us at Renters Place and we’ll show you what makes us different when it comes to Tulsa property management.
