DO YOU THINK FINDING A PROPERTY MANAGER.... IS LIKE VISITING THE DENTIST?
Now more then ever, it pays to stay informed about your investment property. But with so many Management Companies on every corner, Who do you choose? Who can give you relevant and reliable information?
Maybe you are dissatisfied with your current Management Company? Do they screen properly and protect your property while holding the tenant accountable?
It can be hard to find a good Property Manager! Be sure to interview and ask about the following:
How many people work on staff...will I have the same case worker who knows ME when I call?
What does the management fee Include?
What are the hidden fees?
What are the start up costs?
How is communication and processes carried out?
What is the contract termination procedures?
Do they provide monthly statements or financial reports?
Are reserves needed for repairs or emergencies?
Level of experiences working with section 8 or vouchers?
Personal one on one service when it comes to notifications and advice?
Are they willing to make adjustments and work with your ideas and vision?
Can they assist you in making improvements inside and out?
Are they pushy and over priced in regards to improvements?
Do they provide property evaluation, market analysis, and condition report to maximize your profit?
Do they have after hour property emergency service?
How many times a year do they inspect the property inside and outside?
Management of your property doesn't have to be ORDINARY!
Choose EXTRAORDINARY and let Arundel Property Care manage your investment property.
BEWARE OF SCAMS
We can't stress enough for the public to beware of real estate rental scams!
Some of our listings have been stolen and posted on craigs-list or other free rental websites. They steal our descriptions and photos but attach their 'too good to be true' price and a fake name. Here is how they work:
Someone posts a fraudulent ad, usually online where it’s free (like on Craigslist) for a rental property at a smokin’ rate. When an unsuspecting tenant responds to the ad and agrees to rent the property, the con artist, posing as the owner, makes excuses as to why he can't personally show you the house or meet you with the lease. He'll want you to fill out an online application and then quickly moves with instructions on how to send him the deposit. He'll even go as far as to look up and use the real owners name and send you wonderful mission trip info claiming he's on a mission or has a new job transfer. When the tenant hands over the deposit, the ‘landlord’ is never heard from again, nor do your keys ever arrive in the mail.
To avoid being duped on a rental property, follow these tips:
Never trust a deal that seems too good to be true. It probably is.
Always inspect a property prior to purchase or rental. If the ‘owner’ has some story as to why he/she doesn’t have the keys or can't meet you, or encourages you 'to look in windows', contact the internet website server immediately and let the opportunity go!
WHY DO WE PULL CREDIT AND BACKGROUND REPORTS?
A persons credit report is a compilation of information about the way they handle debt. It includes information about how much debt they've accumulated, how they pay bills, where they live, where they work, whether they've filed bankruptcy, and whether they've had a home foreclosed or vehicle repossessed. If it sounds like a credit report contains a lot of information, that's because it does.
Making yourself aware of a tenant’s prior behavior, especially criminal history, makes you a more informed landlord. Background checks are one of the most important parts of tenant screening.
Credit reports are maintained by businesses known as credit bureaus : Equifax, Experian, and TransUnion. Most credit card and loan accounts are updated on credit reports monthly.
Misspellings of a persons name and previous addresses and employers may be listed on the credit report. Sometimes this is because of an error with the business who reported information. Or, it could be a sign of identity theft.
Landlords review credit reports to decide whether to rent to an applicant. Some employers check credit reports as part of the application process. A credit report affects many parts of ones life, so it's important that the information included is accurate and positive.