When Should an Owner Hire a Property Manager?
Holding real estate in the Fishers area can be a great strategy, but preparing before the lease, finding high-quality tenants and maintaining the property can eat into your profits in no time. Our experienced rental property management company can save you a lot of hassle, and our fair and reasonable fee schedule puts you in control.
When you are trying to decide whether hiring a rental property management company in Fishers is a good move, remember the following:
Preparing the Home or Commercial Property for Rent
One of the hardest parts of being a landlord comes at the beginning. You may need renovations to wall and floor coverings, lights, plumbing and more. It’s necessary to ensure everything is functional and attractive. Depending on the local area, you might also choose to upgrade or replace appliances or put in new amenities to see the biggest profits.
You will also need to decide on rental fees, whether to include utility payments in your fees and more. You must also follow all the rules of your local homeowner’s association or zoning authority. Our property managers have the dedication and experience it takes to guide you toward profitable strategies.
Showing the Property & Finding Renters
When your real estate is ready to rent, you need to locate high-quality renters as quickly as you can. You need to get the word out. We provide professional yard signs and premier digital marketing, including searchable listings featuring photography and compelling descriptions of your real estate. Every day your property remains vacant is a financial hit.
You will need to give prospective tenants tours, and should count on missed appointments. When you find a renter who is interested in a lease, you need to make sure they’re trustworthy. We complete thorough background checks, including rental history, proof of income, criminal history and credit history. These reports add up, even when you ask the renter to foot part of the bill, but we have negotiated premium rates with providers.
You also need to make sure you are within the law during applications. Most property owners who manage properties themselves aren’t familiar with the Federal Fair Housing and HUD Guidelines, the American Disabilities Act, and the many other local and state laws that apply. Even little mistakes can become expensive.
Inspections, Maintenance & Repairs
Making your property investment grow in Fishers requires good maintenance. We recommend regular internal and external inspections while you have tenants, and also use a regular maintenance schedule. When things go wrong, you should make repairs as quickly as possible. Our skilled property managers know how to spot small problems before they become big ones, and we have a network of local repair technicians available. We are available for renters 24/7, including nights and weekends.
Finding great tenants cuts down on your probability of running into issues like late or missed payments, but problems may still come about. The first and best prevention method is to make it easy for tenants to pay rent on time. We use full-service online tools that allow scheduled payments and that put money in your account monthly. If we see missed payments, we know what’s necessary. From getting a hold of renters to completing the correct paperwork in case you need to evict, we take care of all the details. Following an eviction, we can find new renters.
At RENU Management Indiana in Fishers, Indiana, we aim to protect client investments in real estate. Our highly trained staff has the experience and dedication required to help you maximize profit while you minimize stress and lessen your risk. Contact us today to find out how our property management services can help you reach long-term success.