There is more to managing rental properties than just putting a “For Rent” sign on the front of your home and waiting to collect rent. As one of the leading Fairfield residential property management companies, Real Property Management Southern Connecticut understands the importance of getting the most out of your investment. And while the task of property management appears straightforward enough for owners to manage themselves, navigating the nuances of property management can be daunting and resource-consuming.
It is our job to help each rental owner understand the benefits of having professional property management. Knowing what services a professional property manager provides will help illustrate how valuable their services are and what things rental owners can do to enhance their experience working with a professional property manager.
What Does a Professional Property Manager Provide?
At RPM Southern Connecticut, we help make owning a rental property as easy as possible. We take the endless list of responsibilities associated with owning rental real estate and streamline the entire property management process. Here’s what you can expect from us, one of the most trusted Fairfield property management companies:
Local Expertise— Having an understanding of the unique character each Fairfield neighborhood, in addition to knowing the local demographics and regional amenities, is paramount to pairing the right tenants with the right property. This kind of local expertise is vital to building a targeted marketing strategy for your specific rental property. Our extensive knowledge of local, state and federal laws regarding municipal regulations, insurance, licensing and fair practices, keep your investment safe from unnecessary litigation.
Comprehensive Marketing & Advertising Strategies— Every vacancy day is considered lost revenue. The cost of professional management services are easily offset by shorter vacancy times. Our comprehensive marketing strategies allow us to aggressively advertise your client’s property and quickly fill vacancies.
Pre-screening tenants— Our Fairfield residential property management team members take time to screen each applicant carefully. We conduct criminal, credit, and employment checks on every applicant over the age of 18. We also make every effort to only place tenants with a history of on-time payments and proper property care. We ask for references from employers and former landlords. We verify that the applicant’s income is at least three times rent rate.
Full-Service Leasing — Our full-service leasing system provides rent-ready guidance, materials, an up-to-date rental market analysis, professional lease showings, property inspections, and tenant education at lease signing. We empower clients to be successful landlords and walk tenants through the process, establishing a relationship of trust between tenants and the property manager.
Complete Compliance— Even one legal misstep can completely drain a property owner’s cash reserves. RPM Southern Connecticut knows how to properly comply with local and federal laws to help you avoid legal risks that will cost you money. By working with an established, professional residential property management company, you can save yourself the headache and risk of high liability situations. As a licensed real estate brokerage, we are required to abide by Connecticut property code tenant/landlord laws. By working with us, your liability is minimized in the event that a tenant should file a lawsuit.
Access to Online Reporting— Our commitment to transparency is what sets us apart from other Fairfield property management companies. Owners can check-in on their property from anywhere in the world using their online account portal, with easy access to property activity reports, detailing the latest information regarding their rental property, maintenance reports, inspections and accounting documents.
Routine Property Inspections and Maintenance— An experienced property manager knows that regular interior and exterior property evaluations are necessary to ensure that tenants are in compliance with the lease terms. It also provides an opportunity to proactively identify maintenance needs that will help preserve the property. We advise all of our clients to keep a reserve for unexpected repairs and/or extended vacancy periods but with we also offer the peace of mind, knowing that our property managers are available to handle all maintenance requests.
Cost-Effective, Reliable Maintenance— Through our preferred vendor program, our residential property management team members are able to offer special discounts on equipment and services to our clients. Our maintenance staff is available around-the-clock to handle tenant emergencies and ensure maintenance requests are dealt with in a timely and cost-effective manner, all with the utmost professionalism.
Efficient Rent Collection—The rent collection process is made easier and consistent with our proprietary Fairfield residential property management software. We offer an easy-to-use online payment system, available to tenants 24/7, as a convenient way to delivery their rent. This type of rent collection system increases your chance of receiving on-time payments every month. When a tenant moves in, a clear understanding of a firm but fair payment policy helps to avoid confusion. It also keeps the process professional and not personal, which is especially difficult for first time property owners.
Strict and Compliant Evictions— Despite our best placement efforts, there may be times when an eviction is required. Late or delinquent payments automatically trigger our escalation protocol where legal steps are taken to quickly and efficiently to minimize costs and get the property leased again. Our highly-trained staff know how to execute all state and local landlord and tenant laws in professional manner.
Peace of Mind— Leasing and managing rental properties is time consuming and fraught with risks. Without proper training and resources, rental owners increase their chances of making costly mistakes. Our professional property management services offer our clients the most important asset real estate investing: complete peace of mind.
Why Choose Our Fairfield Residential Property Management Services?
When it comes to owning rental property, investing in a professional property manager to look after the home is in your best interest. Real Property Management, one of the premiere Fairfield property management companies, has nearly 30 years of industry experience. We have helped thousands of investors avoid costly mistakes, maximize efficiency, and increase revenue. By working with us, you too can benefit from our comprehensive services and avoid the hassle of managing your rental investment alone. Call Real Property Management Southern Connecticut today!