As the owner of rental properties, whether they’re commercial buildings, apartments, condominiums, residential real estate, or vacation homes, it isn’t an easy job to handle alone. It takes experience, patience, control of finances, maintenance, and repair work to properly keep up with and maintain rental properties. Fortunately, Katy Property Management serves Sienna Plantation and all surrounding suburbs of Houston. Our services can help property ownerswith small and large investments produce more fruitful revenue and profit. Contact us today at 281.398.9844 to get started.
Evaluation and Coming Up with an Honest Rental Rate
Before anything can be accomplished, an evaluation of the property is required. The property management team will walk through the rental with appraisers, contractors and anyone else that might be of assistance in this process. During the walkthrough, anything that needs repaired, maintenance or cosmetically restored will be written down and noted. Before the place is put on the market, it will have these matters cared for.
Part of the evaluation is recognizing the properties flaws so that they can be enhanced for better show and more profit. To come up with an accurate rental rate, the landlord will have comparisons done with other rental properties near Sienna Plantation. Once this information is gathered and all repairs or renovations have been made, an honest rental rate is set between property management and the rental’s owner.
Advertising to the Public
Marketing the property is simple when you have a team with expertise in advertising real estate, and that’s exactly what you’ll get at Katy Property Management. There are so many wonderful ways to release the announcement of vacancies at a rental property. However, some are proven to be more effective than others. Here is how your marketing team will advertise your property rentals:
- Fliers and posters around town
- Online ads through social media platforms, real estate sites, etc.
- Placed ads in local print publications such as the newspaper
- MLS listings
- Networking with local real estate agents
- Open houses and scheduled showings
As the rentals are on the market, all interested persons will have access to 24 hour phone service if they happen to have any questions or concerns. Applications will have already been drawn up and prepared, meeting all guidelines for local, state and federal laws. An application fee will be required for anyone who turns one in.
Choosing Tenants Wisely
Selecting who occupies the vacant units of the rental property is something that should be done with careful consideration. This is why our property management team will have each applicant undergo a screening process before they are approved. This screening process includes identity and income confirmation as well as a credit and rental history check.
If the tenant meets all of the criteria set between the property owner and landlord, they will then be asked to come in to sign the lease agreement. The landlord or an assistant will go over the agreement with the tenant then have them sign where needed. At this time, the tenant will be given a move-in date and required to pay a security deposit and the first month’s rent.
What Else Is Handled by a Property Management Team?
There’s not much that property management services don’t entail. Property owners will find that all their finances, maintenance, legalities, landscaping, repairs, and marketing aspects are cared for through full service property management. As professionals, they’ll be on top of everything, giving rental property owners more free time through less involvement.
Other Matters Cared for by Property Management:
- Trash removals
- Lock changes and key collection
- Deposit box installation
- Rent collection
- Contracting work
- Returning security deposits
- Corresponding with law enforcement
- Keeping up with changes in local, state and federal tenant/landlord laws
Everything included in the services ultimately provided is based upon the owner’s financial limitations. However, hiring property management is cost effective and lucrative. They will consistently keep the property in top shape through low budget yet proficient contractors to make it more appealing to potential tenants. Meanwhile, they’ll collect rent and other dues, maintain the satisfaction of all occupants, stay on top of legalities and litigations, and manage all those working as employees at the property.
For the Most Efficient and High Quality Property Management Services near Sienna Plantation…
Give Katy Property Management a call at 281.398.9844 if you would like to hear an overview of what we have included in our full service property management. Our customer service representatives will answer your questions using their experience and expertise in the industry. Additional to that, they’ll schedule your evaluation and provide you with a reasonable quote for our services at your request.