Regardless of your experience as a landlord, maintenance takes time and money. Simply put, maintenance through a property management company will ensure the best prices, highest quality, and meeting deadlines for your project.
The growth of the Medical Mile, Grand Valley State University's Pew Campus, Michigan State University downtown Grand Rapids campus, and other expanding aspects have made Grand Rapids one of the fastest growing city in the nation -- full of students and young professionals looking for housing.
Most landlords consider the risks when allowing pets in their properties, but have you considered the perks? Different fees you could charge and how they may differ? Here are some things to get you started when adding a pet to a lease to insure you are protecting yourself and your property.
You are a good, savvy landlord. You probably have a very good lease agreement in place for your tenants, you have screened them properly and things are moving along smoothly. However, nothing is certain but change itself. What happens when your current tenant’s significant other moves in? Or when roommates no longer get along and one needs to move out and be replaced?
As a property manager I often get calls from first-time investors, or even seasoned investors asking:
“What are the fees to have our property professionally managed?”
In my area there are generally three fees:
A picture is worth a thousand words. What if I told you a picture can also be worth a thousand dollars?
How much do you think the quality of your properties' pictures can mean to you as far as possible rental income?
The short answer is that Property Management costs between 8% & 10% of rents collected, depending on the quality of service you are ready to pay for. However, the main concern for a landlord should be not just the cost, but the value professional property management can bring. At United Properties, we have a best-price guarantee, but also take pride in provided the most value in service. Here are all the costs you should consider before making a decision about property management:
Putting off general maintenance in your rental home is a huge mistake, and it’s an error that a lot of new landlords make because they want to save money. When you don’t pay attention to preventative maintenance, you’re actually going to end up spending a lot more. Small problems become big problems very quickly; the price tags can double and triple the longer you wait to make a repair.