As a rental property owner in Brookland, getting the right property management company could mean the difference between real estate investing success and a life filled with hard work, stress, and frustration. Property management is a 24/7 job, and the more rental homes you have, the more time and effort you have to spend to successfully manage each one. It makes sense to get a property manager to aid you with the workload and keep your rental homes occupied and profitable. Still, the wrong property manager can actually make things worse by making costly mistakes.
Other property management companies fail to spend the time needed to evaluate the rental market and set the best monthly rate, having you guess or figure it out by yourself instead. The wrong monthly rate is a massive problem for two reasons: if the rent’s too high, you might experience difficulties renting your property, but if it’s too low, you would be losing rental income every month or even run the risk of potential residents believing there are issues with the property.
When the property managers at Real Property Management DC Metro initially sign on with an owner, they immediately begin a detailed property evaluation to ensure the rental home is prepared to attract high-quality renters. The condition of the home is evaluated, along with the current rental market, to certify that your rental homes are competitively priced.
Another costly mistake other property management companies often make is in the manner with which they attract and screen potential tenants. Some property managers don’t go past putting a sign in the yard and simply running the applicant’s credit history, neither of which is sufficient for finding quality tenants.
Each rental applicant Real Property Management DC Metro considers is meticulously screened with full background checks that include credit, criminal, past rental, and income history. We want to fill vacancies with quality tenants who are going to care for your rental property during their stay and adhere to the terms of your lease.
Once new renters have signed a lease, other companies will often ignore every request for maintenance and repair, forcing their tenants to live with problems that start small but may turn into expensive repairs later on. These companies typically have a high turnover for this reason, since frustrated renters rarely remain in a home when their property manager ignores or refuses reasonable requests.
We take a proactive management approach to all repairs and maintenance at Real Property Management DC Metro. We give all our owners a password-protected account through which they can view maintenance and repair information regarding their properties at any time. Monthly financial statements and clear, up-front fees give you control over your investment.
When a renter signs a lease with Real Property Management DC Metro, they sign their name to specific, legally binding documents designed to list the terms and define the consequences of breaching those terms. They know from the first day that their property manager will be checking the property on a regular basis, which also helps them stay vigilant.
Unlike these other business models, Real Property Management DC Metro is known for delivering quality, inclusive service – and for good reason. For over thirty years, we prioritize providing a unique approach to property management that puts the best practices and top tools of the industry at your fingertips.
As a Brookland rental property owner, a property manager who will work to protect your investment while not affecting your life is necessary. By deciding on Real Property Management DC Metro, you are choosing real peace of mind. Do you want more information? Please contact us online or call us at 202-269-0303 today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
