5 Qualifications of a Property Management Company
Every property management company has specialized areas of expertise. In many cases, it is difficult to determine what makes a company tick without working with them first. IPS is heavily focused on five major areas of the property management business and suggests seek out such qualifications in looking for a company best suited to meet their needs:
Business first!
IPS understands that rental properties and the prospect of being a landlord is ultimately a business. IPS works to both construct and support the foundation of a successful rental business alongside each client. With a strong understanding of basic processes and years of experience in dealing with contractors, inspectors and realtors, IPS strives to build and maintain relationships with each encountered individual in the rental property management business.
Attention to properties.
IPS is heavily concentrated in building wealth for clients by offering the best possible tips and advice to property owners in order to maximize rental income. Properties are heavily attended to and IPS stands at the ready with information re: landscaping tips and skilled professionals such as painters and contractors in order to ensure properties are well maintained, attractive products which are always presentable to the rental market. An experienced property manager will be frank with an owner in stating items which need to be addressed or updated.
Attention to tenants.
Experienced property management companies know how to find top notch tenants. In fact, tenant satisfaction will be a key component of a successful company and a happy landlord. IPS prides itself on high tenant retention rates due to a specialized screening process and the ability to anticipate problems before a tenant occupies a property. Years of experience and a love for people also lends to IPS tenant retention.
Financial success.
Profit margins should be heavily monitored and IPS strives to make sure property owners experience the highest and best ROI's possible. Whether outsourcing to advertisers with higher return rates or searching for vendors with better profits, IPS is always seeking ways to maximize income for clientele.
Clients come first.
Defining the goal of each individual client and maximizing monthly ROI are all part of the IPS philosophy. Clients should always come first and excellent property managers will strive to help property owners meet goals whether saving for retirement, sending children to college or generating a passive income. Whatever the client needs, IPS gives.
Related: "5 Tips for Boosting Rental Property Income"
"The Score-Card Tenant Screening Method"