We know that handling your own residential property management needs can be overwhelming!
Busy investors often wonder who to turn to for advice, so real estate expert Rick Ellis offers a brief discussion on the challenges of managing a house, condo, duplex, or small apartment community for professionals on the go.
Here is some savvy advice from Rick Ellis, CPM for common questions you may be asking:
Why is property management so difficult for many small or independent investors?
Managing a house, condo, of other residential investment is difficult for anyone! Throw a demanding work schedule or family life into the mix and you can understand why many real estate investors hire a professional management company. With the help of a seasoned leasing, management, and maintenance team, an owner can focus on their job, relationships, and perhaps finding the next great real estate investment.
How do I justify the leasing and management fees that a company like ELLIS HomeSource charges for its service?
Because we are the experts in marketing your property as well as screening potential renters, we will fill your vacancies faster with better, long-term residents. This generates faster rental income and minimizes the high cost of turnover by a better selection of tenants. Our reasonable fees are covered by less vacancy lost and resident damage. Remember, a vacant rental means lost rent dollars that you can never recover.
Is that the reason investors come to ELLIS HomeSource; To save money and increase their net income?
Absolutely, those are a real plus for our clients. Yet, you get so much more from a management company like ELLIS HomeSource. We give you back your time, your life! No more night time and weekend emergency maintenance calls. We make sure all maintenance and repairs are done correctly at a fair price. You get monthly owner statements that keep us accountable to you and show all income/expense activity. And perhaps most valuable is our unlimited availability to advise and consult with you about your real estate investments.
Why should I choose ELLIS HomeSource? What differentiates your company from all the other property management companies out there?
Unlike many Realtors and real estate companies, property management is paramount for ELLIS HomeSource. This is our primary business and we have the credentials and experience to set us apart. Our company has earned the prestigious Institute of Real Estate Management 'Accredited Management Organization' (AMO) designation. Our management team folks are licensed real estate professionals with many years of property management experience. I've been managing residential real estate since 1980 and considered an industry expert called upon to speak and consult throughout the country, and I hold both the CPM and CAM professional management designations, and the TREC Broker's License as well.
The most important aspect of our service for an owner to consider, is that we treat each real estate asset as an investment and do everything possible to increase the value. We explore rental options, compare upgrades vs. additional income generated, and work with each owner to have a smart exit strategy in case of eviction or other issue. You will love the fact that we answer our phones, return messages, and can be available at night and on weekends when that better meets your schedule. For us, property management is not just a sideline; It's our passion!