Visit our website to learn more about all the things we do for our clients, including the wealth of experience and licensing we have in our office to properly manage your assets but that information is kind of boring so we have listed 5 things that make us different from other property managers and why you should hire us to manage your properties.
Flat Rate Management Fee
What is traditional property management? It’s pretty simple. Property Managers charge owners an average of 10% of the rental income every month and 75% of the first months leasing fee. The question we asked ourselves, as property owners, was why would we pay more for a nicer home that actually requires the same, if not less, work than a smaller property that leases for less money? Good question, right? That’s when we decided to charge a flat rate for all owners regardless of the size of the house and the rent amount. Then we took it one step further and added in all the other services needed to properly protect a property investment but we stayed true to what we believe – one flat rate. It’s a turnkey system designed to decrease costs and time, which increases our owner’s bottom line.
Leasing Guarantee
When we put a tenant in a home for you, you won’t be charged twice in a 12-month period for tenant placement. If your tenant moves in and then something happens and they move out in five months, before the end of their lease, we’ll have to find you a new tenant. But, we won’t charge you another leasing fee to put a new tenant in the house. We have a 12-month guarantee.
Tenant Appreciation
We appreciate our tenants. Sometimes we give away a free TV or we do a drawing for a gift card. Every tenant receives a welcome packet and a house-warming gift when they first move in. You might think this is normal to do, but it is not, Renters Place is different. We work with tenants so our best ones will stay in properties longer and prevent turnover.
Month to Month
Most property managers will have you sign an annual contract. We believe that our work speaks for itself. Yes, we have a management agreement, however if you are not happy with our services you can cancel at anytime. Our goal is to build relationships and work hard to make you money and protect your asset.
In House Maintenance
A typical property manager will call outside vendors to get a bid or do a repair for a tenant. This takes longer (bad for tenants and owners) and is more expensive (bad for owner). Because we have been doing this for a while and we manage enough properties, we have our own qualified and licensed technicians that work just for Renters Place. How does this benefit our owners? Well, in house technicians are easier to manage than outside contractors so repairs are done quicker (tenants happy), turnovers are done quicker (owner happy) and it saves our owners money. This flexibility also allows us to buy parts and supplies at a less expensive rate, (buying power) saving even more money. If an owner has a question about their invoice, it is much easier to answer than having to contact an outside contractor. Bottom Line – In House Maintenance is better for our owners.
Tenants Insurance
Tenants insurance is something that should be a requirement in our opinion because of the protection it affords owners of rental properties, which is why we make it standard policy that all of our tenants carry tenants liability insurance or renters insurance. No other company we know of requires this and trust us when we say, “require your tenants to get renters insurance” even if we don’t manage your properties. We have a standard tenants liability policy that pays the property manager/landlord for damage to the landlord’s property when tenant is found legally liable. This service is at no cost to you.
Property Insurance
Rental insurance can be difficult to obtain and even more trouble to manage. Insurance companies want to insure the property for a lot more than you bought it for and then they want pictures and inspections. Should I go on? Renters Place has a licensed insurance staff that allows us to offer a Master Rental Plan for our clients. The plan was built for single-family real estate owners and investors allowing them to add their property to our plan and all we do is take the insurance premium out of your rents. No more insurance bills and fighting with your agent on what the property should be insured for. The best part is, you get to choose your coverage’s and did I mention that it s probably less expensive than what you are paying now.
