The rental property business can be rewarding in a number of ways, especially financially. It can also be time-consuming if you are trying to manage properties on your own. Maintaining your rental properties involves a lot of work. Now, if you enjoy the hands-on approach and don’t mind investing countless hours of your valuable time into your properties each month, this is not an issue. However, if you want to use the income from your rentals to do the things you enjoy, or you are just too busy to manage your properties yourself, then working with a property management company is a great option.
At Ammons Pittman Property Management, we can handle all of your rental needs so you can focus on the things that matter most to you. Here are the top 10 ways that we can help you free up your time and maximize your rental property’s potential.
DETERMINING THE RENTAL PRICE
Do you currently have a clear pricing strategy for your rental property? If you don’t, you are not alone. Many landlords struggle with this. At Ammons Pittman, we can help you determine the maximum price that you can expect to get for your property. We use thorough market research and information on your home to determine an appropriate price. Our goal is to help you rent it quickly at the best possible price.
COLLECTING THE MONTHLY RENT
Tenants who are late or refuse to pay their monthly rent are a landlord’s worst nightmare. You can’t allow them to be late once because odds are good that it will happen again. Yet, reaching out to them for the money feels awkward. But since it affects your pocketbook, you have to do it, unless there is someone who can do it for you. At Ammons Pittman, we have a simple, digital payment system that makes getting paid on each month’s rent easy and fast. And if there are any hassles, we will handle them for you.
ADVERTISING AND MARKETING STRATEGIES
When you purchase rental property, you want it to rent quickly. The longer it sits on the market, the more money you potentially lose. Developing your own marketing strategy is often time-consuming. And advertising can be expensive. However, if you work with Ammons Pittman, we will take care of the marketing and advertising for you. Not only do we know the local market well, we have access to some very powerful and highly effective advertising tools. And because of the volume of properties we manage, we get a great discount that allows us to keep our advertising costs low. And we pass these financial savings on to you.
CAREFULLY SCREENING APPLICANTS
Screening potential tenants is vital to successfully renting a property. To avoid problem tenants that don’t pay the rent or refuse to take care of the home, you need a good screening strategy. At Ammons Pittman, we have worked with countless applicants and tenants over the years. We review every application with the utmost scrutiny and are always on the lookout for red flags. Every applicant must agree to a criminal background and security check, employment verification, and a credit report review. We also ask for references from previous landlords.
MANAGING THE TENANT/LANDLORD RELATIONSHIP
When you have tenants, inevitably there will be times that problems arise. These issues could be simple maintenance requests, billing issues, or a myriad of other things. We will work to address these issues directly with the tenants. We want you to be happy and have happy tenants. So we will work diligently to resolve any heated situations swiftly and effectively. When you have good tenants and they are happy, there is a good chance they will stay longer. And when you have long-term tenants and less turnover, you save money.
ESTABLISHING PARTNERSHIPS WITH VENDORS
Homes require maintenance and upkeep. And even if your rental home is well-maintained, repairs and other issues will crop up from time to time. It is critical to address them quickly and that the work done on them is done well. At Ammons Pittman, we have established partnerships with a large network of licensed contractors, suppliers, and workers. These skilled vendors keep the homes in our portfolio well-maintained. And because we use them regularly, we receive preferential rates and will pass these savings on to you.
KEEP UP WITH LEGAL COMPLIANCE
As a landlord, if you do not comply with the numerous laws and ordinances governing your property, you could be headed for legal problems. There is housing legislation at the federal, state, and city level that you must adhere to. Plus, there are also ADA fair housing regulations. With Ammons Pittman, you’ll never have to worry if your home complies. We keep up with all the latest information and developments and will maintain your home’s compliance for you.
MANAGING LONG DISTANCE PROPERTY
If you do not live near your rental property, you need to utilize the services of a local property management company. Things will come up that you cannot address because of your distance. Ammons Pittman can help you manage your long-distance property. We will take care of all the details big and small so you can continue your rental income regardless of where you call home.
INCREASE THE VALUE OF YOUR TIME
What is your time worth to you? And how much of it do you want to spend on managing your property? If you are too busy keeping up with maintenance, repairs, collecting rent, and other property issues, then it leaves little time for other things. We can help you increase the value of your time so you can focus on the things that matter most to you.
NO HIDDEN FEES OR COMPLICATED PRICING
When you choose us, there are no hidden fees or hard-to-understand pricing. We charge one simple, flat percentage fee. So you always know how much our services will cost you. We have a solid reputation for professional service and overall savings to our customers. Come see why so many people choose Ammons Pittman for their property management services.