Scottsdale Property Management Services

Full-service property management is an excellent option for those looking to invest in rental properties. From tenant screening to rent collection and maintenance coordination, a property manager can help turn your long-term rental property into a truly passive income source.

What is a long-term property management service?

Sometimes investment properties are better suited to be a long-term rental. We can help you interpret the market to determine if your property is better suited as a short-term or a long-term rental.

Long-term property management services consist of screening tenants, negotiating leases, and routine maintenance requests to keep your rental property collecting rental income and avoiding issues.

Benefits of Long-Term Property Management

When you enlist the services of a professional property management company, it can provide a number of advantages to maximize the return on your rental property investment. Working with a dedicated team of experienced property managers can give you peace of mind knowing your rental is in good hands.

Property management companies work hard to make your investment profitable and efficient. They are knowledgeable about the local rental market and are able to identify opportunities for growth through  regular inspections and rental rate adjustments.

Qualities to Look For in a Long-Term Property Manager

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Market Knowledge

When selecting a property manager for your long-term rental, it is important to find someone with in-depth market knowledge. A good property manager should be familiar with the current rental trends and have a thorough understanding of local laws and regulations that could affect your rental. They should also have an established network of reliable vendors to handle any maintenance or repair needs that may arise.

Having a well-informed property manager can help you maximize the value of your investment by creating an effective marketing plan to attract quality tenants in a timely fashion.
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Dedicated Property Managers

A dedicated property manager ensures the efficient day-to-day running of the rental property so the owner doesn’t have to. This includes finding quality tenants, overseeing repairs, coordinating inspections, and handling disputes.

Be sure to inquire if the property management company focuses on residential property management, or commercial property management. Make sure the company’s role as landlord is clearly defined.
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Online Portal for Maintenance Requests

Poor handling of maintenance requests can be reason enough for a tenant not to renew his or her lease.

An online portal allows tenants to quickly and easily submit maintenance requests, while providing property managers with an efficient way to manage these requests.

How to Choose a Property Manager

Research Different Companies’ Services and Reputation

Start by checking out online reviews and ratings; look for feedback from other owners who have used their services in the past. Make sure to ask prospective vendors specific questions about their experience, such as how long they’ve been managing rental properties and how they've handled difficult tenants.

Do they have more experience with multi-family units, apartments or single-family homes? What have they learned about the difference in managing each of the different types of units?

Consider the Fees Involved with the Service Agreement

Ask questions about the type of fee structure offered by each company and assess how transparent and reasonable their fees are.

Additionally, ask about any additional charges that may apply during the contract term, such as fees for finding tenants or lease re-signing fees.

Evaluate the Property Management Company's Process for...

Finding Prospective Tenants

Ask them how they source and screen potential tenants and what types of documents they require from applicants before approving them as tenants.

Find out what criteria they use to assess rental applications and if they run background checks. Inquire about the steps they take to ensure that all leases are compliant with local laws and regulations.

Property Inspections and Rental Analysis

Regular property inspections are essential for monitoring tenant compliance with the terms of the lease agreement and can help ensure that all areas of the rental are in good condition.

A good property manager should also have an established system for analyzing rental trends using the latest technology, reviewing local market conditions, and making rental rate adjustments as needed.

Communicating Effectively

Things don't always go as planned.

Make sure your property management company clearly identifies the types of issues they handle at their own discretion. Make sure there is a cadence of communication that suits your preferences. Regular updates should be timely and convenient with your schedule.

Identifying Potential Problems

Keeping your tenants happy involves anticipating problems before they occur. Inquire about any preventive measures they have in place to address potential issues such as repair or maintenance needs that could arise.

Additionally, ask about any tracking systems they may have for analyzing rental trends and industry best practices.

Negotiating Leases and Collecting Monthly Rent

A good property manager should be able to negotiate a fair lease agreement for both the landlord and the tenant, that clearly outlines each party’s rights and responsibilities. They should also have a system in place for collecting monthly rent payments on time.

Replacing Tenants

Life circumstances change. At some point your tenant will need to move out.

Does your property manager have the skills to coordinate property showings and get your property a high-quality tenant quickly even in the current market conditions? Bad tenants can put your rental income at risk.
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Seeking a partner to manage your investment property?

We understand the details of investing in Scottsdale and surrounding markets. During our call, we'll discuss how we can find your investment property and keep it filled with tenants and manage the day-to-day so you can sit back, relax and collect passive income.

Whether you need help finding a property or making the most of an existing rental... We've got it covered.

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