Retaining Property Management Companies in Woodbridge VA is Rewarding

25. March 2017 Blog 0

If you own a piece of rental property or many rental properties, you know it can be a great experience that can generate a good, steady income. But it can also generate headaches and stress unless you’re lucky enough to have great tenants who pay their rent on time and don’t destroy the property they are renting. But, most times landlords can find that owning rental property can become time-consuming and stressful.

When you decide to use a property management company, however, you’ll find that it comes with a number of benefits for the landlords, especially if you own multiple properties. Using the best property management company in can not only save you time and money, but it can save you worry and stress, and it can make owning rental property extremely rewarding.

Benefits of Hiring a Property Management Company

One of the biggest benefits that come from using a property management company is that the management firm can handle the tenant screening. This means that you as the landlord won’t need to run the background check, credit check or financial history. When you rent to those who have good credit, a decent financial background, and no criminal background, you know that you’re eliminating problem tenants.

Another benefit of hiring a property management company is that they will handle the legal aspects of dealing with tenants and the upkeep of a property. Property management companies are well-versed on landlord-tenant laws in both the state and municipality in which the property is located.

A property management firm can and will handle problem tenants and evictions, as well as negotiate leases and lease terminations.
A property management company will also ensure that the property is in complete compliance with codes, safety and property laws. This can help you avoid legal issues and costly lawsuits.

Enforcement of the Lease

One of the biggest headaches a landlord faces is enforcing a lease, which is not going to be an issue when your property management company is working for you. Property managers will take care of dealing with the tenants who break their leases. If your tenants are not allowed to have pets, the management company can demand the pet be removed. If the tenant destroys the property he is renting, the property management company will ensure that the property is repaired in a timely fashion.

One of the biggest benefits of using a property management company is saving money, but the use of a property management firm can also provide for peace of mind and less stress. Being the owner of rental property can be extremely rewarding, and hiring property management companies in Woodbridge, VA can help you get the most out of being a landlord.


Finding a Safe Property Management Business in Alexandria VA

21. February 2017 Blog 0

Alexandria, Virginia is a busy hub of activity that has been experiencing exponential growth in the past few years. Because it is situated so close to Washington, DC, many federal workers have chosen to escape the hustle and bustle of life in The District, opting for the more relaxed, laid back vibe of Alexandria. This has been a great boon for property owners as more and more people flood the area seeking rentals.

Many property management companies have also cropped up in response to the incredible growth and promise of plenty of work. Unfortunately, not all of these companies are on the up and up, leaving property owners leery of entrusting their real estate investments with anyone. Finding a reliable, safe property management business in Alexandria VA is simple though. This guide will help.

Look for a company with a good reputation. Unfortunately, many people simply do not do their homework. Signing with a property management company is just like any other proposition. You are entering into a business agreement with that company so you need to ensure that it is reputable. A little internet research can go a long way in this case.

Take some time to check for complaints with the Better Business Bureau in Virginia as well as any complaints with state real estate associations. Some of that information can be very telling and a few minutes of searching can save you a lot of irritation in the long run.

Ask other property owners for recommendations. Talk to other property owners and see which companies they work with and how satisfied they are. Often property owners will be happy to share information on great management companies that they work with as well as companies that don’t make the grade.

Ask real estate professionals for recommendations. Not all real estate agencies are property management companies, but because they are closely related and often do overlap, many agents will at least have some ideas of the most popular companies as well as companies you should avoid.

Take a look at their track record. As they say, the proof is in the pudding. Take a look at the company’s work firsthand and see if it meets your standards. Visit some of the properties they manage, talk to their on site staff, and really get a feel for the work that they do. If you can talk to some of their actual tenants, that’s even better. Often the tenants will give you great insight into how well the property is managed and maintained.

While cheap rates may be very tempting, remember that you get what you pay for and the cheapest company may not be the best for you. In other words, don’t let price have too much of an influence on your decision. Your best bet is to rely more heavily on reputation and customer satisfaction. Those two qualities alone are worth their weight in gold when they are done right. You can find a safe property management business in Alexandria VA, it just takes patience, diligence, and a little investigative prowess.


Convenient Guide to property management Fairfax VA

16. January 2017 Blog 0

Located in the suburbs of Washington DC, Fairfax, Virginia is one of the top places to live in the US. Fairfax consists of a variety of residential and commercial properties. As a property owner, it is important to choose the best management companies to oversee your properties.

As you explore your options, this guide to property management Fairfax VA may help you narrow down your search.

Circle Property Management

Circle Property Management is a full service property management company, licensed in Virginia since 2008. The management company has many cost effective options. Circle Property Management uses a “soft touch” reminder program, which includes sending 11 emails per year to tenants. These emails remind tenants of maintenance responsibilities such as filter replacement, gutter cleaning, winter preparation and spring cleaning.

Utilizing the soft touch reminder program helps landlords to save on maintenance repair costs. Circle Property Management keeps properties well-maintained by:

  1. Finding qualified tenants
  2. Managing property
  3. Handling accounting

Circle Property Management has three affordable plans available to property owners:

  1. A La Carte (base level)-some guidance, professional resources when needed
  2. Turn-key-the ultimate service plan; all services grouped into one affordable monthly fee
  3. Flat Fee-includes most services; discounts on leasing

All three property management plans include rent deposits, owner income disbursements, Federal Tax Form 1099, Year End Statement, and online maintenance requests.

Real Property Management PROS

Real Property Management PROS has leased and managed 900+ properties in Northern Virginia. The management company assures quick property rentals, with an average of 14.2 days to find a qualified tenant to rent your property.

Real Property Management PROS provides timely dispersal of rental proceeds, maintains property while following rules and regulations of tenant/landlord law. With over 25 years of experience,this company is reliable, professional, and technology driven.

To eliminate hassle for property owners, Real Property Management PROS provides the following full-service property management:

  • Monthly rent collections
  • Monthly accounting statements
  • Remote online account access
  • Property inspections
  • 24/7 on-call emergency maintenance
  • Legal issues/evictions
  • Lease enforcement
  • All communications with tenants

WJD Management

WJD Management has provided Northern Virginia property management services since 1985. WJD simplifies life for property owners with professional and dependable service.

WJD Management’s property management services include:

  • Detailed rental market analysis
  • Marketing process, which begins 60 days before property is available to rent
  • Showing of property by rental agents (evaluation of tenant needs)
  • Qualification of tenants (employment verification, contact previous landlords, credit check)
  • Lease preparation
  • Tenant Handbook
  • Rent collection
  • Inspections
  • Maintenance
  • Accounting (your share of rent sent electronically to your bank account on the 6th of each month)
  • Investment Information (help evaluating real estate investments before your final decision)

The importance of inspection for Arlington VA property managers

23. December 2016 Blog 0

It is important for a property manager to schedule regular inspections of properties. As a property owner, you might be oblivious to the immense damage that tenants might cause to your property within a short period of time. It is common for most property owners to assume that everything is fine as long as the tenants are paying rent on time and they are not complaining about anything. You might be tempted to take things for granted or make assumptions about the status of your property. However, experts in the property management business warn that doing that will only make things worse for you because you will be unable to curb undesirable tenant behavior or identify problems and fix them early.

There are several types of inspections that should be conducted on your property. These are move-in inspections, occupied inspections/ check-up inspections (routine safe and clean inspections and drive-by inspections) and move-out inspections. The move-in inspection as the name suggests is conducted when a tenant moves into the property. The tenant is the one who carries out the inspection. They check out the place and note any problems that they would like fixed and deducted from their security deposit when they will be moving out. This type of inspection is of paramount importance and should not be skipped at any cost because you do not want the tenant to say later that they did not know the condition that the house was in when they moved in. the tenant fills and signs the inspection sheet and then hands it back to the manager for documentation purposes.

Occupied inspections take place when the tenant has already moved into the apartment. The property manager has to give tenants a notice before conducting this inspection. The safe and clean inspection is normally conducted after every 3 to 6 months. It is done with the aim of finding out the issues or damages that the tenant has caused on the property during the course of their tenancy as well as the ones that are a responsibility of the property managers such broken appliances or leakages. Once the inspection is completed, the tenants must sign and attest that the information in the inspection sheet is accurate. The other type of occupied inspections is referred to as the drive-by inspections. It entails a random visit by a property manager to the property without going inside the premise. They simply observe the property while driving by. This type of inspection is meant to catch tenants who do not comply with policies off-guard because unlike in the safe and clean inspection where tenants have time to get rid of prohibited things like pets hence avoiding consequences.

Lastly is the move-out inspection which is carried out at the end of the lease agreement. During the inspection, the property manager walks through the property together with the tenant and evaluates the state of the property. The property manager conducts a thorough inspections and checks every inch of the property for damages which are then documented with proof to support it. The tenant is also required to sign the inspection sheet as in other inspections.

Back to the question of what benefits will the property manager gain by scheduling these three types of inspections. It is apparent that the process is crucial to managers because they will help property owners avoid costly lawsuits which will be good for their property management business.


THE QUALITIES POSSESSED BY BEST PROPERTY MANAGEMENT NORTHERN VIRGINIA

19. December 2016 Blog 0

Property management in Northern Virginia adds substantial value to the property owners, and it is the reason why seeking the services of the property managers is highly regarded. Below are the several reasons why you need to sign up with the property management firm.

Tighter rent collection process

Hiring the services of the property manager enables you to have consistent cash inflow by enabling to apply strict measures to collect the rent at the end of every month. Your property management firm will be responsible for ensuring the tenants follow the rules and understand that the rent must be paid every month and even evict the ones that pile up the rent. The tenants are more likely to follow and listen to the property manager’s rules and understand that they are only adhering to the rules of the property managers.

Excellent tenant collection

The property managers have the experience of knowing the best qualities when selecting the candidates for the vacant units. They also understand the best maintenance techniques that will keep the tenants such as painting of the walls, putting the best quality locks and marketing the property. The property management Northern Virginia knows about the best policies and techniques that will enable the tenants to remain in the same units for a long time. The reason for this efficiency is because the property managers have the experience of applying consistent and systematic methods and techniques.

Assisting with the taxes

The property manager will guide you through the process of filing of the taxes and also make you understand the deduction you can claim. They can also arrange for you to fill in the documentation and the necessary forms to file the taxes and make the claims. Additionally, in most states, the fees of the property managers are tax deductible.

Fewer and less costly legal problems

Many experienced property owners understand that one tenants can cause deep trouble for you if they engage in the legal process. A good property manager is equipped with the knowledge of latest laws concerning the landlord-tenant relationship. The property manager should understand the laws and regulation regarding the situations to do with evictions, inspections, termination of leases, the safety of the property and lease addendums.

Lower and timely maintenance costs

The property managers know the right vendors who will offer the right services for the repairing and maintaining the property. By signing up with a property management firm, you will have access other real estate dealings such as the insured contractors who have quality services and fair pricing. The contractors will also be able to offer the services at faster rates because they understand that failing to impress their clients (property managers) will lead them to lose the long-standing trust between them and therefore lack of job.

Increase the property value

The property manager will increase the value of your property through maintaining your property early enough. The management company will also be able to ensure that the property is regularly maintained while updating the owner about the modifications and upgrades.

Reducing rental headaches

The property managers will take care of all the headaches involved with rent such as increasing, collecting and finding out who has paid or not. Property investment has the probability of increasing your wealth in the long-term period but if you fail to manage effectively with the help of a property manager.


Rules for Property Management Washington DC Companies: Things to Know

16. November 2016 Blog 0

Today, many people are interested in the real estate market, especially in the rental property market. Buying condos as an investment can be quite profitable, since condos are very popular these days and many people prefer staying in condos rather than in detached houses. You may lease the condos for a specific rental fee per month or redecorate to resell them at a higher price and profit. No matter what investment method you choose, you should study the market well before making any decision. If you are still a novice in real estate investing, you should seek help from a professional real estate agency. The agency will look for promising new homes on the market and manage all your properties for a small fee per month.m4
Finding a Distinguished Washington DC Property Manager

If you are into real estate investment in Washington DC but have limited knowledge and experience, you should consider hiring a professional property manager to help you manage the business. Although you can manage the properties yourself, using a property manager is recommended since the manager has experience and expertise to make your investment a profitable one. Here are some tips to help you find a distinguished Washington DC property manager.

Do Your Own Research

This is by far the most important step to finding a distinguished Washington DC property manager. You may ask for referrals from friends, relatives and colleagues , but you should spend enough time doing researching on your own. The Internet offers you unlimited resources to help you pick a suitable property management company. There are many places where you can read reviews of different real estate companies written by past and current customers. There are good reviews and bad reviews, but overall, these reviews will help you gain insight into each company and make a wise choice.

Consider the Options

Before making a choice, you should carefully weigh in different factors, such as the reputation of the company, track record, customer service quality, location of their office, their property management fees and management style. Each property management company is different, so you should contact each directly to learn about their management style as well as company culture.services1

You should personally meet with your prospective property manager and conduct a small interview to make sure he or she is a good fit. Is the manager professional and friendly? Does he manage clients’ properties in a honest and transparent way? What are the terms of the contract? These are the questions you need to find the answer to. You should discuss everything with the potential manager before you decide to sign the contract. A good property manager will answer any question you may have without feeling uncomfortable or irritated. There are many rules for property management Washington DC companies, such as homeowner association and condominium laws, professional obligations to follow. Make sure you discover the professionalism and legal status of a potential management service before hiring them.

With due diligence, you will be able to locate a good property manager to work with. Remember that a good property manager can make a difference between success and failure.


The Key Ingredients to Success for Property Management in San Diego

08. October 2016 Blog 0

Are you looking for a way to make your property management company stand out better than anything else? Well then you’re in the right place, because that’s the goal we all share, right? We want to make sure that we have what it takes to attract a client to our business so that we can really show them what we’re made of. That’s where the key ingredients for success come from.services1

 

The one big key ingredient to success for property management companies in San Diego is making sure that you are always looking for new business. Never stop seeking out potential clients and definitely never stop showing them everything that you can do. You want to constantly surpass their expectations because your clients are counting on you to accomplish great things for them. They are trusting you with their property and the more you’re able to do to improve things for them the more property or responsibilities they may be willing to turn over.

 

When you are working with a client you also need to make sure that you are completing the right work in the right way and that means making sure that you communicate continuously. Clients want to know that they are trusting the right person and being able to communicate with you and hearing your questions means that they know what you’re doing and they have a better understanding of how you’re going about helping them. More communication, as long as your client hasn’t requested that you handle things by yourself, will always help improve the relationship you have.

 

Next, make sure that you’re treating the property the way you would want someone else to treat yours. That means making sure that only the best companies are hired for services and good tenants are chosen as renters. You don’t want to spend a lot of time and effort on a piece of property for your clients and then find out that the tenants you chose aren’t taking care of it themselves. This will look bad on you as the property manager and it’s also going to look bad for your client as the property owner if anyone else happens to come by.

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The more you do for your clients and their property the better it’s going to look for you and the better you’re going to seem to others who are looking for similar services. Make sure that you’re always treating every property as if it’s the one making your living and you’ll have the right impact on others who are looking for your type of services. They’re going to see what you have to offer and they’re definitely going to want that type of service for themselves and their properties, whether residential or commercial. This is going to bode well for you and it’s definitely going to mean that you get the business you need to keep your company running.

 

The key ingredient to success is that there are many aspects associated with your success and the more you put into it and work at driving your sales and success, the better you’re going to do overall.

 


Ready to Hire a Professional Colorado Springs Property Management Company?

28. September 2016 Blog 0

 

If you’re a property owner and you’ve been handling the business of being a landlord, perhaps it’s time to hire a professional Colorado Springs property management company to handle renting your property instead. There are many good reasons for doing it.

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Not Having to Find Renters

 

One of the big reasons for going with professional Colorado Springs property management company is to not have to look for and vet renters. This can be a real hassle when you have multiple properties and other jobs. You have to take time out of your busy day to interview prospective renters, chase down their references, look up their credit history, and other things that take time. And if this is your first time renting property, you may not have thought of everything to check into to ensure that you are getting a quality renter.

 

Professional Colorado Springs property management companies already have the knowledge and experience to find good renters. They know the ins and outs of the rental process and they do the advertising for you. They have professional contracts that will ensure you get your rent payments and are legally protected if there is damage to your property.

 

Not Having to Deal with Renters

 

Dealing with renters can be a real hassle. Collecting rent, fixing broken items, and other day to day management can take time out of your day. That’s why a professional Colorado Springs property management company is so valuable to you. The property management company provides an insulating layer between you and the renter. You get your money on time and you don’t have to worry about fixing something on the property if it breaks. The property management company takes care of hiring the serviceperson who will be doing the repairs, or buying and replacing broken appliances. Yes, you pay for the fixes, but it’s better than having to worry about scheduling and finding the person you need to do the job.

 

If the rent is late, the management company handles dealing with the renter and making sure that the renter will pay. They’ll handle evictions and collections on your behalf as well, in many cases.

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Think of it as Hiring a Landlord

 

You’re renting your property to make money, not to play landlord to a group of renters. Whether you have one piece of property or several pieces of properties, it makes sense to hire a property management company. No one can be experts in everything, which is why you do what you do, and property management companies do what they do. It’s like hiring a landlord to handle your rentals. You deal with the property management company and the property management company deals with renters. What could be simpler?

 

If you’re busy with your own job or business, take this one time sink off your plate. Have a professional Colorado Springs Property Management Company rent your property for you. Then, you can stop worrying about your property and instead focus on more important things in your life such as your family, your work, and your business.


The Best Property Managers in Durham, NC Know How to Keep Elderly Tenants Safe

26. September 2016 Blog 0

As a property manager, keeping your tenants safe is top priority. If your tentants are happy, then you and your employees are happy. But working to keep your tentants safe is a job that requires your full attention, and is generally done with the best property managers in Durham, NC.

When it comes to your elderly tenants, there are a few other things to keep in mind. As people get older, it becomes more difficult for them to do the things they once could do. Here are some ways property managers can ensure a tenant’s safety.m4

Have Emergency Contact Information Handy

It is important for property managers to always have the emergency contact information of their elderly tenants readily accessible.

In addition to this, make sure that you provide your contact information to all parties involved. This allows them to reach you if they cannot reach the elderly tenant. These acts help create a safety net around your tenant and make it much easier for help to be available when needed.

Increase Units and Complex Safety

Additional safety measures are never a bad thing to have in place. These safety measures work exceedingly well to prevent any accidents or injuries. The necessity of these safety measures increases a hundredfold when you are housing elderly tenants. Elderly tenants are more prone to slip and fall, so it is imperative that property managers work to mitigate this possibility.

There are several ways that a property manager can increase the safety of their unit or complex. The first way is to make sure that all walkways, stairwells, and hallways within the property are well lit, cleared of clutter, and easily accessible. In addition to this, make sure that stairs and elevated platforms come equipped with railings and support banisters, which will make them much easier to scale for those who are not so agile. In the instance that your tenant has a carpet as part of their unit, make sure that it is placed securely into the ground to prevent the possibility of the carpet slipping as they move across it. This will help reduce the possibility of them falling down while on the move.

Safety Plans And Evacuations

It is imperative that your housing complex has appropriate safety plans in place, and this includes fire safety plans etc. as well as evacuation routes. It is necessary that your elderly tenants are briefed on the safety plans, which are in place to protect them, and instructed on how they are supposed to evacuate in the event that danger arises. Property managers should make sure that each unit is well equipped with fire extinguishers, smoke detectors, and other preventative tools that will help reduce the chance of injury or death within the elderly tenants living space. In addition to this, managers should conduct regularly scheduled maintenance visits to make sure that there is nothing within the unit that poses a safety threat to their elderly tenant.m5

Also, it is always crucial to have at least two exit points within a room to allow for easy evacuation. This is much more important when it comes to elderly tenants because most of them will be moving at a much slower pace, and might not be able to make use of some of these exit points. It is necessary for the property manager to have a conversation with their elderly tenant to see if they have any special needs that can be worked into safety and evacuation plans. This will make each of these things much easier and effective on your tenant.


Reputable Property Management Firms in Santa Monica

24. September 2016 Blog 0

Westside Property Management

Westside Property Management includes leasing, maintenance and sale services. The company is family-owned and operated, and is one of the excellent property management firms in Santa Monica, The principals of Westside Property Management have more than 65 years of combined commercial and residential real estate experience. Working with this management firm, clients can expect access to a variety of services, including:

  • comprehensive property management
  • leasing and marketings2
  • tenant evictions
  • tenant screening and billing
  • maintenance requests
  • online pay portals for residents
  • investment consulting and strategies

Westside Property Management manages :

  • condominum units
  • single family homes
  • estate properties
  • duplexes
  • apartment buildings
  • commercial/retail properties

Contact Westside Property Management for a free property management consultation.

SHL Management Company

SHL Management Company is a property management firm in Santa Monica that has been around since 1959. In this time, SHL has established a proven track record. SHL Management Company will help you to maintain quality property and assure that you rent and lease to qualified tenants. The company will make sure your return on real estate investments is maximized. SHL works with clients who own commercial centers, office buildings, apartments and single-family homes.

SHL Management Company’s services include:

  • application reviews
  • credit and reference checks
  • efficient collection of rent
  • full financial reporting
  • evictions
  • quality property maintenance & repairs at affordable rates

Wall Street Realty-Property Management

Wall Street Realty-Property Management was established in 1999, and provides excellent service for Homeowners Associations and income properties. The management company provides competitive management fees and outstanding quality services.

Wall Street Realty-Property Management’s duties while working with Homeowners Associations include:

  • sending monthly assessment bills
  • receiving checks and depositing into accounts of HOA’s
  • preparing monthly financial statements
  • working with Board of Directors
  • Common area maintenance
  • ensuring timely filing of taxes or proper extensions
  • direct relationships with attorneys

In addition to working with Homeowners Associations, Wall Street Realty-Property Management also manages income properties for Landlords, allowing them to manage time efficiently, meeting business or personal needs. Landlords are able to delegate tasks to Wall-Street Realty-Property Management, giving them the opportunity to handle other business matters or enjoy leisure time. Landlords have peace of mind, knowing their properties are being handled carefully.s3

No task is too big or small for Wall Street Realty-Property Management. This property management firm handles anything for their clients, from assembling a toilet paper holder, to changing the roof of a building.

These are just a few of the many property management firms in Santa Monica. They are sure to meet your real estate property management needs. They will work to make sure your real estate properties are respected and profitable.