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How to Choose the Best Property Manager in Gilbert Arizona

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There are several factors that you must consider when hiring a property manager for Gilbert homes for rent by owner. You need a manager that delivers the best service and can help you in achieving your goals. Being a landlord can also be overwhelming; therefore, hiring a reliable property manager is essential to ensure business matters are handled efficiently and properly.

Below are five things to consider when choosing a good property manager:

1. How Does the Property Management Company Conduct Business?

It is essential to ask the right questions to understand how the management of the company works. Examples of items that you may ask about can revolve around:

  • Tenant screening
  • Handling tenant and owner funds
  • Tenant marketing and retention
  • An inspection of property, repair, and maintenance
  • Their procedure for rent collection

It is also essential to identify the objectives of the company. This is typically stated in their vision or/and mission statements and helps you in creating the right perspective of who they are.

2. Ask if They’re Licensed?

hire a property managerYou should find out if the property manager is licensed and what type of properties they’ve managed in the past (or the ones they are currently operating) and ask them for a reference list. The Premier Housing property management has to provide you with the right documentation before you hire them. This is the best way to prove that their operations are legal.

By the same token, take into consideration other important factors such as property management fees and the property management contract. Additionally, read through the contract to fully understand their terms and conditions before making a decision to hire them.

3. Is the Lowest Rate the Best Way to Go?

Not necessarily so, it’s okay to set a budget, but hiring project managers with the lowest rates can end up being a bad idea because in most cases, you get what you pay for. If a project manager is offering inexpensive services, you should be leery. Another good tip, take the time to conduct in-depth research on their track record before hiring one. While professionals can be expensive, most reputable project managers are worth their weight in gold.

4. Is the Prospective Property Manager Punctual?

time managementMeeting up with the property manager or their representative can help you gain more information about them and the services they offer, but if they are late for their first appointment, you may want to consider your other options. For those who arrive on time, ask them specific questions such as dealing with emergencies, property maintenance, and how they advertise the property. If they can’t answer these simple questions, it’s best to move on.

 

5. Did the Property Manager Make You Feel Comfortable?

Although some property managers look good on paper, they can not be the perfect fit for you, especially if they made you feel uncomfortable during your interview process. In such scenarios, it is crucial to choose a property manager that makes you feel comfortable and can answer your hard questions with ease.

Benefits of Using Premier Business Investments

One of the biggest things that Premier Business Investment offers its clients is high-quality tenants. Good tenants come through a process called tenant screening, this can be very hectic and requires a sufficient amount of experience and time to conduct the screening process properly.

Premier Business Investments has a verified and reliable tenant screening process that aids in selecting the tenants who pay rent on time and are considerate of others and their neighbors. If you need a high-quality property manager, go where other clients go at Premier Business Investments.

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How to Prepare Your Home for Your Next Tenant

Do you own rental property? What are your top tenant acquisition and retention strategies? Compelling listings, maximizing on local amenities, and excellent communication deliver on your ROI. Then, why not start by preparing your home for your next tenant with your property manager? Yes, you want to remodel, clean, and carry out all necessary repairs and maintenance. Then, here are some tips to get you started:

The Walls – Cleaning, Sanding, Repainting

walls paintingWalls need to be free of any imperfections. Also, inspect them for scuffs, marks, or scratches from the previous rental period. To do so, organize for a thorough cleaning session. Use grease-cutting soap or residue cleaning detergent depending on the type of dirt on the walls. Finally, use a damp cloth to wipe off in preparation for repainting.

Do you see any rough spots after cleaning the wall? Sand it to even it out. Then, check on the condition of the paint. Is it flaky or cracking? Correct it before applying a fresh coat of paint. Continue with sanding and scraping to get rid of all flaked or cracked paint.

Next, pick a neutral shade for your primer or a fresh coat of paint. The paint makes the rooms look spacious, sparkling clean, well ventilated, and cozy. Plus, such colors complement any home décor theme. Next, pick a sheen that is easy to clean and maintain. Then, use appropriate painting tools that include rollers, brushes, sprayers, and protective eyewear.

The Floors

When a tenant moves out, use this time to upgrade your flooring. For example, most tenants prefer wooden floors due to their durable and easy to clean condition. Then, get rid of the worn-out carpets in exchange for the latest hardwood floor design.

But, if you intend to stick to your old flooring, inspect it and make appropriate renovations to improve its condition and appearance. Do the floor renovations last? Otherwise, you may have to redo it due to dirt and scratches while renovating the upper sections of the house.

The Appliances and Amenities

kitchen appliancesYour Property Investment Consultant will tell you that appliances are one of the top features tenants look at in deciding whether to rent your premise or not. Likewise, a little improvement or change in such amenities can help you to increase your rental fees substantially. These appliances are large and costly to the tenant. Yet, the tenant needs them for convenience around the home. Then,

  • Inspect your current appliances for any leaks, cracks, or malfunctions.
  • Confirm that doors to your oven, refrigerator, or washing machine have a tight seal.
  • Check the drip bowls, coils, hoses, and vents for molds, dirt, or debris.
  • Conduct a spring cleaning exercise for all your appliances.
  • Check their expiry dates and power or fuel consumption.
  • Categorize your equipment in readiness for repairs or replacement.
  • Involve a certified technician to handle the repairs.
  • Upgrade your old or damaged appliances to the latest models that use smart technology.

    • Other amenities include air conditioning, lighting, security systems, water systems, storage facilities, and off-street parking.

    The Common Rooms – Bathrooms and Kitchens

    Bathrooms and kitchens are high traffic areas. Check out these ideas to get these areas ready for the next tenant:

  • Work on an energy-efficient theme. Get rid of all non-essential electrical gadgets that increase your monthly utility bills.
  • Upgrade your kitchen countertops to a granite finish.
  • Create a kitchen island with all the bells and whistles for a contemporary look.
  • Switch to a walk-in shower instead of your current bathtub.
  • Install a trendy showerhead, faucet, and storage facilities for your bathroom.

    • The Outdoors

    real estate managementFinally, your curb appeal matters to a new tenant. It is what creates the first impression of the property. You can:

  • Clear out any overgrown grass and weeds in the backyard.
  • Bring in new batches of plants and flowers.
  • Define your walkways with flagstones.
  • Incorporates a centerpiece sculpture at your parking area with ample lighting to highlight it.
  • Add bird baths for that early morning chirping
  • Insist on creating a symmetrical effect around your doors, windows, roofs, and outdoor furniture.

    • Final Verdict

    Note that the best way to prepare your home for your next tenant is by making it a clean and functional dwelling. Tenants are more concerned about their safety, health, and convenient living. For this reason, it is important if you get innovative with the latest trends in home remodeling.

    Where you need professional help, make Premier Business Investments your choice property management company. We manage various rental properties including, patios, condos, and single-family homes in Arizona. Plus, we offer maintenance and rent ready repairs services. Then, get in touch for any clarifications about preparing your home for a new tenant.

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    When Should a Landlord Hire a Property Management Company?

    You have a lot of property.

    Managing a vast property can sometimes be very tiresome since it involves a lot of movements and thinking. Again, managing a lot of records is a lot of work for one person hence the need to have a dynamic and a good experience property management company running your rental duties for a cost. Having too many tenants means a lot of complaints to be handled by one person. Having property management services will help to ensure your tenants are happy when the complaints are responded to promptly. You are committed to corporate employment.

    You are committed to corporate duties.

    Running Office works parallel to the rental investments can sometimes leave you with headaches. Corporate duties require a lot of attention and commitment, and so are tenants’ demands and other rental business activities. Managing these two duties will call for you to quit one duty. You don’t have to leave your job to manage your property; you can employ the services of Premier Business Investments to help you kill two birds simultaneously.

    When you live away from your properties

    facility managementIf you live away from your property, it can be a good idea to have your property managed by a property management company. Being a landlord has many responsibilities that you cannot handle when you live away from your properties. Some needs of tenants are too urgent and can be expensive when not attended to promptly. Imagine a gas leak in the middle of the night? Managing such urgent needs can be easy if you live at the premises since you can quickly get to the gas room and shut the gas channels. Living away from your premises could result from a fire outbreak.

    Ease of handling repairs and maintenance

    Fixing house damages can be very tiresome and require specialized expertise that a landlord may not possess. Handling the damages can also require someone interested in taking up challenges of fixing specific issues. Hiring handymen to correct such damages will require expenses that’s could otherwise be eliminated by hiring a property management company. Property management companies have all the staff with relevant expertise and experience to handle any house damages, and the cost will be covered by the company.

    Handling rent collections and dealing with evictions

    Tenants sometimes require coercion and reminders for them to submit their rent. Sending reminders and messages to all your tenants can be tiresome and can only be handled by a property management company. In case the tenants refused to pay their rents continuously, eviction is necessary. As a landlord, evicting a client is a long process that could be shortened and made easier if you hire a property management company.

    You can afford the cost of hiring a property Management Company.

    property management costReal Estate Management companies charge a percentage ranging between five and ten of the total rent revenues. Supposed your property is generating much and you don’t have loans and other obligations to settle, then you can seek the services of property management companies at an agreed cost. The rental costs can also be determined by other factors, such as economic recessions. Suppose you still have enough funds to foot the property management bills; you can continue with the services; otherwise, it’s empirical you terminate the services.

    You have limited time.

    Managing rental properties requires you to devote a lot of time to the management. You may also have other duties to attend to, such as young kids and office duties. Management Company will be helpful on such occasions since they will oversee all the management services such as renovations and repairs.

    Your property is part of an affordable housing program

    Being part of an affordable housing program requires a landlord to comply with certain regulations and laws. These laws require expert management who have experiences in tax, interest rates, and tax credit management. To ensure full compliance with some requirements, you can hire a property management company to ensure you receive grants, loans, and tax credits from the government.

    Why hire Premier Business Investments

    hire property management companyPremier Business Investments has been in the business of property management for a long time now. Hiring us will introduce first-class expertise and long term property management to your business. We have all the relevant experts committed to ensuring your tenants are happy to stay in your property and are willing to further extend their house contracts. We charge affordable costs and are ready to negotiate the terms when the house rental markets are faced with turbulence such as economic crises and other pandemics. Our services are rated five stars, and we guarantee first-class services at an affordable cost when you hire us.
    You can contact us through our company website or send us an email, and we will be available to help you manage your property.

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    Benefits of Using A Property Management Company

    Many people think about buying investment rental properties but are oftentimes afraid of having to deal with all the hassles that come with being a landlord. Screening tenants, handling maintenance and repairs and the inevitable evictions are all part of being a landlord. Because of these issues, many people give up on their real-estate investment goals without ever considering all of the benefits of using a property management company.

    Hiring a professional property manager Gilbert AZ service can remove virtually off of the headaches that are associated with owning rental properties, as a management company will handle all of the day-to-day responsibilities of renting and maintaining your property. Here are the major benefits of using a property management company:

    Tenant Management

    property manager servicesA quality management company will have the experience to properly screen applicants. This is probably the most critical step when considering a tenant for a rental unit, as it can sometimes seem like it takes an act of God to get a bad tenant out of an apartment. In the meantime, the tenant is living rent-free and may even be causing damage to the unit. Here is where a management company can help keep the bad apples out by running criminal background checks, checking credit histories, confirming employment and checking past rental references. Having a property management company screen your tenants will help ensure they will pay their rent on time and cause fewer problems. Additionally, tenants that are professionally screened typically rent for longer periods of time, so there will be less turnover of tenants.

    Rent Collections and Evictions

    Handling rent collection is the linchpin that will make or break an investment property. Mortgage costs, taxes, insurance, building repairs, and regular maintenance costs occur on a regular schedule and add up quickly. This is why consistent and positive cash flow is paramount to keeping the bills paid and the long-term success of the property. Professional property management companies are experts at making sure the rent is paid every month and in a timely manner. Most tenants understand that a professional management company has a job to do and very a no-nonsense way of doing things. Therefore, most tenants are much more likely to comply with the terms of the lease when dealing with a management company, as opposed to an owner-landlord. Additionally, when necessary, the management company will handle the not-so-pleasant task of evicting a non-paying tenant. Most states have very strict laws regarding evictions, and a professional property management company knows how to handle every step of the process.

    Investing in Different Areas

    Investors who manage their own properties are more or less limited to a specific geographical region close to home. However, there are professional property management companies in virtually every area of every state on the U.S. Many companies will have branch offices in other cities and states where you may be interested in investing, so you may even be able to have the same company handle all of your property investments located in the same state or across the country.

    Property Management Company Costs

    property management costsBecause hiring a professional property management company will save you from having to screen tenants, free you from having to make repairs, collecting rent, fighting with tenants over enforcing lease term and dealing with evictions, in the end, you may actually come out ahead financially.

    At Premier Business Investments, we are a professional property management company that has years of experience getting paid to be the bad guy. With Premier Business Investments as your property manager, you will never have to deal with the hassles of being a landlord. Our fees are very reasonable and can be less than the cost of having to evict just one bad tenant, and because we are so good at what we do, that is an expense that rarely occurs. Call us today to see how much time, money and hassle we can save you by taking the burden of managing your investment rental property off your back.

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