Holding the Key to Successful Investment Rental Property Management

As home values trend downward in today’s economic environment, prospective home buyers are more cautious about purchasing. In response, many investors are acquiring rental properties as renting becomes an attractive option for many consumers. Real estate investing can be rewarding and challenging. Successful ownership of real estate requires competent research, finding desirable locations and determining a workable property investment strategy.

When considering an investment in rental property, it is important to evaluate your answers to the following:

• Should you manage your own property yourself?

• Do you have the time to manage your properties?

• Do you understand all the ongoing tasks associated with managing a rental property?

• Is it cost effective for you to do this?

• Can you afford the extra time for the learning curves, working on marketing, keeping tenants, etc.?

• Are you comfortable being on-call 24/7 to respond to maintenance problems, collect rent, and conducting property inspections?

• Are you familiar and comfortable with the legal side of property management?

• Do you understand property codes, housing regulations, and fair housing laws?

Real estate investment can provide reliable returns when property acquisition and management is done efficiently, and an experienced property management team can prove a valuable partner in  developing a real estate portfolio.

Founded in 2007, RPM Midwest is a full service real estate and rental property management company based in Cincinnati, Ohio. The firm has offices in Cincinnati, Columbus and Dayton enabling them to offer comprehensive real estate management services throughout the Northern Kentucky – Cincinnati Metro area and Columbus, Ohio.

The mission of RPM Midwest is straightforward. Their goal is to streamline real estate investment and property ownership so their clients can experience the benefits while minimizing the drawbacks. They are experts at negotiating the hurdles that accompany the acquisition, maintenance, managing, and selling of non-owner occupied investment property. RPM allows clients to minimize distractions and focus on activities that are important.

Primary services include:
• Property Management (leasing, accounting & bookkeeping, tenant management)
• Real Estate Brokerage Services (listing & buying representation)
• Rental Property Investing Services (real estate investing programs and services such as investment property acquisition)
• Renovation & Maintenance (to handle any repair)
• Online Rental Property Advertising
• and much more…

The Cincinnati office is a franchise of Real Property Management, the largest property management franchise in the U.S., with over 200 locations nationwide. For more details, visit their comprehensive web site. Trust the details to RPM and keep your main thing, the main thing.

In today’s unsteady economy many investors are looking for a safe place for their money to land that not only has a potential for an increase in equity but also has a possible cash flow – so as a result a natural choice is real estate in the Indianapolis Indiana market.  Real estate purchased in a down economy is ideal and is how many current wealthy individuals have decided to successfully invest over the years.

The old adage of “Buy Low and Sell High” couldn’t be more true in today’s real estate market.  However, contrary to a couple of years ago in order to achieve this realization investors must be willing to hold onto their investments and wait out this down economy.  In the meantime you will need the help of a qualified and professional property management company.

Whether you have one or 100 single-family rental homes or an apartment complex, I can’t stress enough the importance of a property manager in the success of a rental property.  It is very important to find a property manager that understands your long-term real estate investment plan.

It is very easy to find anyone that will help you rent a house in Indianapolis for a fee.  It is much more difficult to find a competent and experienced management company that understands the importance of cash flow analysis as well as the importance of maintaining your real estate investment asset/portfolio as a whole.  Maintaining your real estate investment includes effectively marketing your property, qualifying applicants, effective rent collection techniques,  tenant retention  as well as assisting you in understanding the need to complete certain maintenance items or even large capitalized expenses in order to ensure the longevity of your real estate asset.

As it relates to maintaining your real estate investment you will want to make sure you find a management company that shares the same philosophy that you do.  If your philosophy is to hold off on maintenance as long as possible to keep costs down vs. a more proactive approach to both short-term and long-term maintenance issues this is important to understand upfront.

I find that many people don’t take the appropriate amount of time to truly prepare for the financial responsibilities of being a property owner rather than a property occupant.   I find that people often don’t consider all of the associated costs – property taxes, insurance, utilities while is it unoccupied, lawn care, mortgage payment, simple and large maintenance issues and any bookkeeping and accounting work.

As it relates to maintenance items obviously this is directly linked to the age and quality of the home.  However, you need to be sure that you are appropriately accruing for both normal wear and tear as well as larger capital improvements such as a new roof or water heater.  It is easy to not think about a roof on a home you are not occupying, but you will quickly remember when you have to cut a check to a roofer.

I truly believe that investing in real estate in Indianapolis Indiana is a “No Brainer” however you need to be
smart and make sure that you surround yourself with a team that will help you navigate the real estate market so that you can achieve both your short-term and long-term goals.  A team that will help you from the beginning in the identification of the right real estate property investment scouting and purchase, rehab of the property, marketing, tenant screening, tenant placement, rent collection, maintenance and bookkeeping.

Silver Property Management Inc., along with its in house real estate, construction, & rehab companies Silver Realty & Silver Construction, provide a dynamic one-stop shop for the Indianapolis real estate and property investment market. We are able to assist anyone looking into single-family or multi-family real estate in the Indianapolis market.  With over 350 single-family homes and over 400 multi-family units under management we have mastered the skills necessary to effectively help any individual succeed in the real estate market today and in the future.  We have the unique ability to offer a synergy of services working together to promote a successful real estate investing environment for both novice and seasoned investors.

Article provided by Lisa Andrews, owner Silver Property Management Inc. For more information on Silver Property Management or Silver Realty please visit us at www.spmindy.com or our property management services page.

Sam Thompson, owner of Real Property Management Midwest, was kind enough to provide the following article for today’s customer spotlight…

Real Property Management Midwest (RPMmidwest.com), is a full service Cincinnati Leasing Company, committed to renting & managing residential rental properties as if we owned them. RPMmidwest’s goal is to maximize occupancy rates and rental income for home owners.

How do we accomplish this? By combining unmatched, all-encompassing property management programs with incredible service to property owners, tenants, and their rental properties.

Real Property Management gives available rental properties tremendous exposure through advertising.  RPMmidwest incorporates a dynamic marketing plan for each of its rental properties. It often takes a lot more than for rent signs in yards and newspaper ads to find good tenants. We list our apartments and rental homes across an enormous online network of real estate portals and classified websites, like www.RentItToday.com. Large real estate leasing websites have vast resources committed to the home rental industry and are connected to large networks. This enables them to expose available rental homes to a large base of prospects quickly. The real estate market is extremely competitive, especially with respect to online marketing,  and its vital to give rental property maximum exposure.

Real Property Management personally shows each property. In addition to getting to know prospective tenants during these showings, we also screen them using powerful background technology and good old-fashioned legwork. This process is critical to ensure our properties are leased to reliable people. Once occupied, RPMmidwest streamlines the management process for rental property owners. Our tenants direct deposit monthly lease payments into the owner’s account. In addition we perform regular property inspections and take care of all maintenance. RPMmidwest even offers legal services, including taking care of evictions!

Real Property Management designed its business so that property owners can simply sit back and collect rent. We service a large area throughout Ohio & Kentucky and are based in Northern Kentucky, across the river from Cincinnati. What more could one want from a Property Management and Leasing Company in Cincinnati?

View our available Northern Kentucky Homes For Rent and Cincinnati Rental Homes at RentItToday.com or contact us directly…

Cincinnati Office:
www.rpmmidwest.com
352 Gest St
Cincinnati, Ohio 45203

Silver Property Management Inc. is a full service property management company, specializing in home rentals, in The Indianapolis Metro Area.  If you are interested in a house for rent in Indianapolis (or a condo, townhome, or apartment to call home), contact Silver Property Management, www.spmIndy.com.  Lisa Andrews, owner and true real estate professional, provided a very informative article about the Indianapolis rental market, Silver Property Management, and its affiliate companies…

As a native and life-long resident of Indianapolis Indiana one of the things that I have grown to appreciate the most about this city are its hard working down-to-earth friendly residents and the expected stability of life.

Don’t get me wrong, the hit that the nation has felt to the economy are felt here as well.  The downward turn in the economy, which resulted in a record number of home foreclosures, was the trigger point for the other owners of Silver Property Management, Inc. and I to get involved in the real estate market – and we haven’t slowed down yet.

In 2004 the owners of Silver Property Management began picking up single family homes in the Indianapolis area.  Contrary to many investors, we sought out to find those projects that required more than paint and carpet as we understood that the true value was in the homes that other investors wouldn’t dream of bidding on that were in strong residential areas.  From 2004 through today the owners have gathered a portfolio of over 100 single family homes, two commercial buildings and 2 apartment buildings with a total of 133 units.

Often people will ask – why Indianapolis?

• Indianapolis is ranked as one of the country’s top markets for return on rental properties

-Forbes Aug. 2009

• Indianapolis ranked 6th on list of “Best Cities for Jobs.”

Forbes, January, 2008

• Indiana ranked “Best State for Business” in the Midwest and 11th nationally. Indiana ranked 3rd in the nation in “Business Friendliness,” 4th in transportation, and 6th in cost of business.

Chief Executive Magazine, Jan. /Feb. 2009

For these and many other reasons this is why our roots are in the Indianapolis real estate market.

Over the years, as our portfolio grew, so did our knowledge of what it takes to run a successful rental property.  In 2008 it was a natural transition to start to offer what had previously only been offered to our own portfolio to new outside investors.

Silver Property Management and its affiliated company Silver Realty are dedicated to helping current and future property owners to better locate, manage, and build their real estate portfolio.  We maintain a full-time staff of well-trained industry professionals who continually strive to provide top quality service, coupled with the highest level of integrity to ensure unprecedented customer satisfaction and support.  Silver Realty brings the knowledge and expertise required for locating and evaluating viable investment properties.  Silver Property Management provides the highest quality of property rehabilitation, tenant placement, retention, and management at some of the most competitive prices in the business.  We have the unique ability to offer a synergy of services working together to promote a successful real estate investing environment for both novice and seasoned investors.

Here is a little more insight into our approach and services provided:

• Locate Viable Investment Properties

We have a team of licensed real estate professionals with extensive experience and market knowledge whose sole responsibility is to locate income producing investment properties – whether you are looking for single family, multi-family, or commercial property we can accommodate your needs.

• Discounted Property Listing and Marketing Services
• Residential Property Rehab on Rental Properties

We have a highly dedicated, experienced, fully licensed, bonded, and insured construction company that adheres to the highest quality standards and specializes in the timely completion of investment property rehabilitation.  Because of the volume of construction business we do, we are able to provide quality materials and workmanship at competitive prices.  Currently, our average rehab takes about four weeks from start to finish and is overseen by our professional construction project managers.

• Tenant Placement and Property Management  – (we manage over 500 properties)

As a fully staffed and highly experienced property management company (Silver Property Management) we have a strong track record of success to handle all of your property management needs.  Currently, we have an occupancy rate of over 95%, an average lease period of two years, and an average of 60 days for tenant placement with no upfront fees.  This level of service will help to ensure that each property is as profitable as possible.

• Rent Collection
• Regular and 24/7 Emergency Maintenance
• Tenant Screening (member of National Tenant Network)
• Monthly Tenant Statements
• Online, Newspaper and yard sign rental advertising
• In-house Title Company and Closing Services (Palladium Title Services, LLC)
• Real Estate Bookkeeping Services
• Outside Network of Legal, Property Tax and Debt Collection Services
• High Level of Experience

All the owners of Silver Property Management believe that the historically stable nature of Indianapolis and it’s citizens as a whole will make almost any well thought out and managed real estate purchase during this down economy a gem of an investment in the future.

For more information on Silver Property Management or Silver Realty please visit us at www.spmindy.com or www.srindyinvest.com or call 317-574-4553

You may also connect with us on Silver Property Management’s Facebook Fan Page.

For any Indiana title services you may need please contact Palladium Title Services by visiting us online at www.ptsindy.com or call 317-574-4182

View Silver Property Management’s Indianapolis Rental Home Store at RentItToday.com.

BE Homes and their Phoenix rental homes, will always be dear to our hearts, at Rent It Today.  In the fall of 2008 Rent It Today, launched its updated website where anything for rent could be searched and listed throughout North America.  The 1.5 year period before then, Rent It Today’s website only advertised residential real estate in The Greater Cincinnati Area.   By chance and as a result of a random internet search, BE Homes became one of the first calls I placed outside of Cincinnati.   I left a message for BE Homes and ran a quick errand.  When I returned my partner was finishing up a call back from Barrett Eastman Property Management.  Although at the time our website was a little rough around the edges,  Barrett Eastman believed in Rent It Today and signed up for our services that day.  Thus BE Homes was one of the first rental companies to use Rent It Today’s new look website and national advertising service.

BE Homes has a large selection of Scottsdale homes for rent and rental houses in the Phoenix Metro Area.  If you are looking for a single family residential house in Scottsdale or Phoenix then Barrett Eastman almost certainly manages an investment property that meets your needs.

Barrett Eastman Property Management, LLC has been serving the Rental community in the Greater Metro/Phoenix area since 1977.  We are considered the “Single-family Residential Experts”.  Barrett Eastman has an excellent rating with the Better Business Bureau and leads the industry in quality of service to both our Clients and Residents.  We strive to meet and exceed all AZ Real Estate Statutes/regulations and we are proud that we have passed every AZDRE audit with flying colors.  Over the years the AZ Department of Real Estate has actually used Barrett Eastman Property Mgt LLC as an example of “how to do the job right”

We are active members of NARPM, the Better Business Bureau and offer equal housing opportunities to all. We currently employ 3 highly trained and experienced Property Managers along with 3 Property Management Assistants.  All of our staff is always available to assist our clients and residents in a friendly and professional manner.

Barrett Eastman Property Management, LLC leads the industry in quality of service and integrity.  Every staff member is eager to serve and will do what it takes to get the job done right.  We offer high quality of service for less that market rates for management of single-family homes.  No other company can match our excellent track record.  WE ARE THE SINGLE FAMILY RENTAL EXPERTS!

We offer highly trained and experienced handling of your investment property and extensive services: we handle it all – from handling Initial repairs, securing a quality tenant, to paying property taxes, insurance, HOA Dues and Mortgage payments as well as City sales tax and licensing.  We keep our clients properties properly licensed and file all Privilege tax returns on their behalf as well as all required annual business licensing.

We make sure all Barrett Eastman properties are properly registered as “AZ Residential Rental Property” with Barrett Eastman as the statutory agent.  We handle maintenance issues and get necessary repairs done quickly for a fair price. FULL Property management is our business and no other company can match our quality of service.   We take pride in the Trust we have earned and strife to meet or exceed industry standards in every service we provide – there are NO Hidden fees or cost.  Everything is clearly disclosed to our clients and residents.  Our clients are provided a clear a detailed monthly statement about the 10^th of every month, as well as an annual spreadsheet that is Schedule E friendly.  We have the ability to Deposit owners monthly Cash flow directly into clients accounts (ACH) – Rent received is not held for 30 days like other property management companies. We have a toll free phone number and work extensively with email and cell phone.  Currently we are developing a client website portal so clients can view their accounts online at any time.

If you are looking for an Honest, Trustworthy, Quality Property Management Company that will look out for your best interest at all times and manage your rental as if it belonged to us, then Barrett Eastman Property Management LLC is the company for you.

Our custom lease agreement is the result of years of experience in this industry thus offering superior protection for both our Residents and Clients. When necessary we know how to secure a judgment and will not hesitate to do what it takes to enforce the terms of the signed lease agreement.

We have built a Tradition of Trust since 1977 – Most of our staff has been with Barrett Eastman for many years and know how to do this very unique job. We enjoy what we do and look forward to serving you soon. Please check us out at BEHomes.com

View Barrett Eastman’s Arizona properties for rent at BE Homes Phoenix Home Rentals on Rent It Today.

Phoenix is a market that Rent It Today is enjoying growth throughout many of our rental categories.  If you live in the Phoenix Metro area or are traveling to Scottsdale, Arizona then check out Rent It Today for all your rental needs!

RE/MAX Central Realty Property Management

Specializations:

Full Service Central Florida Property Management. Specializing in Single Family Homes for rent, Townhouses for rent and Condos for rent in Seminole, Orange, and West Volusia Counties of Central Florida.

• Free Rental Analysis
• Licensed Real Estate Agents
• Leasing Consultants available 7 days a week
• Proven Marketing Plan
• Yard Signs (where allowed)
• Virtual Tours
• 2D or 3D Floor Plans, Optional
• Video Taped Move in Inspections
• Bi-Annual Property Review Reports with pictures
• Attorney Prepared Leases
• Direct Deposits
• Monthly Statements
• End of the Year Statements and 1099 reporting statement.
• Licensed and Insured Vendors
• Eviction Protection
• Tenant Screening on Every Adult Applicant, to include
Eviction Search, Criminal Background, Residential Verification, References, Employment Verification, Credit History, Check Writing Ability and Social Security fraud alerts. Qualifying the right tenant through the right procedure makes a difference
• And so much more.
Call us to meet with one of our Business Developers or Leasing Consultants.
Contact Tina

Owners/Investors

We are a licensed Real Estate Corporation under the Laws of Florida. Our activities are focused on Residential FL Property Management.

Our services are tax deductible and you don’t have the headaches of managing your rental home. We are here to serve you with your rental management needs.

I will gladly forward a Reference List, Management Agreement, and Property Information Sheet upon request. Call me today and let us turn your property into a profitable investment for you. Please call my direct line at 407-333-1010 ext 130

If you own investment properties or a rental home in Central Florida and are in need of a professional property management company’s services, visit RE/MAX Central Realty.

If you are looking for short term travel accommodations like an Orlando vacation rental home in Central Florida then visit click here to begin your property search.

Rent It Today also has a variety of commonly rented items available throughout Florida. If you need to rent anything, anywhere while visiting Central Florida like Orlando mobility scooter rentals, baby equipment, beach gear, or a camera then search our vast data base of vacation equipment and travel resources.

Rent It Today is featuring a Cincinnati Property Management Company Comey & Shepherd, Realtors  in Cincinnati Ohio.

Diversified Property Services is one of the largest and most experienced leasing companies in the Northern Kentucky and Greater Cincinnati area. We specialize in leasing single family homes, condominiums and apartments.

Diversified Property Services has the local expertise you need. Our courteous and educated staff can help make your property a true investment. We are dedicated to turning our clients’ inviting properties into profitable ventures.

Diversified Property Services strives to fulfill all the potential needs and desires of property owners in an efficient, professional and friendly manner.

The professional staff at Diversified Property Services is continually moving forward to meet and exceed the goals and objectives of our clients and property owners. With our wide range of services and outstanding staff, Diversified Property Services will continue to lead the industry in providing the most professional relocation and exclusive leasing services in Greater Cincinnati and Northern Kentucky.

Diversified Property Services clients enjoy our vast inventory of some of the most desirable residences in the Greater Cincinnati and Northern Kentucky area. Our courteous staff will make your property search a great experience.

]]> http://www.rentittoday.com/rental-blog/2009/12/diversified-property-services-cincinnati-ohio/feed/ 0 http://www.rentittoday.com/rental-blog/2009/10/jd-homes-atlanta-georgia/ http://www.rentittoday.com/rental-blog/2009/10/jd-homes-atlanta-georgia/#comments Fri, 30 Oct 2009 16:56:11 +0000 Roger Akers http://www.rentittoday.com/rental-blog/?p=230 We continue our series called “Customer Spotlight” in which we take random businesses in our network and ‘put them on a pedestal’ for a bit.  You’ll see each of our categories covered over the course of the series so please enjoy!

Get ready for a dose of some “Southern Hospitality”! Today we shine the spotlight on JD HOMES in Georgia.

JD Homes is a leasing & property management company in the Atlanta Metro Area in Georgia.  Founded in 2002, they have a wide-array of residential Atlanta homes, condos, and apartments available for rent. JD Homes, understands the most important quality a residential property management company can offer its clients is quality customer service.

If you are looking for an Atlanta house for rent then contacting a property management company in the area is a must. JD Homes specializes in home rentals and residential rental property management in the Atlanta, Georgia, including: Atlanta, Covington, Alpharetta, Austell, Avondale Estates, Chamblee, Clarkston, College Park, Conley, Conyers, Cumming, Dacula, Decatur, Douglasville, Duluth, East Point, Ellenwood, Fairburn, Fayetteville, Forest Park, Grayson, Hampton, Hapeville, Jackson, Jonesboro, Lawrenceville, Lithonia, Locust Grove, Loganville, Macon, Marietta, McDonough, Morrow, Norcross, Powder Spring, Rex, Riverdale, Sandy Springs, Smyrna, Snellville, Stockbridge, Stone Mountain, Tucker, Union City, Waleska, Winder, Winston and all of the Greater Atlanta Metro Area in Georgia.

Whether you want a cozy, convenient 2 bedroom apartment or a luxurious 5 bedroom house in Ellenwood, you’ll find them all at JD Homes.

For more information about renting a house or property management services you can visit their site or check out some of their Atlanta home rentals on Rent It Today. Additionally you can view every house for rent in Atlanta, GA Metropolitan area at RentItToday.com.