Property Management – Studio City
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Property Management
Attention to Detail is the Key In Property Management
The world of property management is filled with companies that claim to make the management process easy and carefree for owners but as you can imagine these claims are oftentimes just empty promises. In order to perform property management tasks effectively it often takes a team of people with different areas of specialty and years of experience. A good example of this kind of team has been assembled at Complete Property Services.
The tasks that go into the job of property management are not as easy as they may seem. For one thing, marketing the property is a very big first obstacle that trips a lot of people up. The average time a rental is listed in the Houston area MLS is 48 days, or about a month and a half.
Because of a thorough and aggressive marketing plan, Complete Property Services is able to get properties rented in less than 40 days on average. It may not seem like much time, but when you consider that property owners can lose out on hundreds of dollars in just those 8 or 9 extra days, you realize the urgency.
Another sticky subject that causes a lot of property managers and investors grief is the tenant screening process. Everyone knows that the best way to prevent an eviction is to identify the tenants that are going to be trouble before they move in.
But most companies only perform a credit check, and fail to conduct criminal background and reference checks of applicants. Over the years Complete Property Services has been able to identify and turn away applicants that might have caused property owners lots of headaches and cost them a lot of money.
Most investors go about growing their real estate investment property portfolio the wrong way. They go out on their own and try to find properties they think are good investments and once they’ve purchased them they hand them over to a company to manage. This strategy often backfires because just because a property looks like a good investment on paper doesn’t mean it will perform well as a rental property.
Complete Property Services has helped clients buy and rehab more than 300 homes in the last couple years by identifying properties that are both good financial investments and good rental properties. We can handle the tasks of financial analysis, as well as undertaking the work involved with rehabbing the property and getting it ready for rent.
Because we know that in most cases our client’s portfolios will grow when under our care, we are able to charge much less than other management firms. We’d rather manage 5 properties each for 100 clients than manage 1 property each for 500 clients. With this strategy we save money due to efficiencies that are created and pass those savings on to our clients.
