A majority of Lake Tahoe property owners live some distance from their investment and even though they may be handy and don’t mind spending considerable time maintaining their property an experienced Property Manager can, and will maximize your investment. Here’s why:
1) Setting the Correct Rental Rate
Many homeowners browse the newspapers and other media to try and determine a ballpark rental rate for their property where a professional property manager suxh as Tahoe Property Management (TPM) will perform a complete market analysis for rents in that particular area and therefore maximize a harmonious balance between maximizing homeowner income and not setting the rent too high which would induce “downtime”
2) Marketing and Advertising Your Property
TPM is a web 2.0 company and utilizes all that the web offers in terms of property marketing and advertising. From electronic fliers to nationwide rental portals such as Trulia and Hot Pads. TPM strives to make sure your property has the exposure to keep tenant “downtime” to a minimum so that your investment does not stagnate. Our website is kept current with all current and future availability and allows our prospective tenants to apply online.
3) Finding Quality Tenants
TPM electronically screens prospective tenants not only for credit worthiness but for a criminal background. The tenant vetting also includes employment checks, past landlord references and an eviction report is run as well. A good tenant benefits all parties involved!
4) Receiving and Accounting for Monthly Rent Payments On Time
Collecting the rent….something that can be somewhat overwhelming especially if a tenant becomes an issue. TPM takes the headache out of this process by collecting the rent, paying bills and issuing monthly statements for your review and records. TPM can even direct deposit funds to your bank within hours of the rent being paid. TPM also offers an online portal for owners to view all of the financial and repair activity for their Lake Tahoe properties.
5) Tenant Management
In addition to finding quality tenants, TPM will manage all aspects of the tenant-landlord relationship. TPM will handle both routine and emergency maintenance, perform routine inspections, and manage any situations where a conflict may need resolution.
6) Vendor Relations
TPM has relationships with maintenance workers, plumbers, electricians, contractors, local suppliers, and other vendors that is almost impossible for an independent landlord to replicate. Not only will TPM get you the best work for the best price, they’ll oversee any necessary maintenance projects.*See Disclaimer
7) Staying Compliant With Current Housing regulations
There is a multitude of local, state and federal laws and regulations to abide by when renting and maintaining your rental property, as well as fair housing regulations (such as the ADA). TPM can help you avoid legal issues by partnering with you the homeowner to keep your property up-to-date and in compliance with these regulations.
Please contact Tahoe Property Management via e-mail or 888.988.1964
Powered by Qumana