Owner Information
We treat your property like it’s our OWN! We are here to ensure that your investment property goals are achieved! We assist Owners through each step of the process from rental analysis, rent ready recommendations, tenant screening and paperwork.
Higher Quality Tenants
An experienced property management company has seen thousands of applicants and knows how to analyze your candidates. By allowing a management company to handle the screening process, you will shield yourself from rental scams that can be directed at Owners and discrimination lawsuits resulting from inconsistent screening processes. A thorough screening process results in tenants that pay on time, rent longer and put less wear and tear on your property over the course of the rental lifetime.
Shorter Vacancy Cycles
We require Tenants to notify our team at least 30 days before lease expiration, so we know when your property will become available for rent and we start marketing for the next Tenancy immediately; we don’t wait for your unit to sit vacant, potentially draining your income stream! We make recommendations on cosmetic improvements that can maximize your revenue, determine your optimal rent rate, which captures your maximum monthly profit while also allowing your property to be rented instead of stuck waiting for Tenants, and effectively market your property by creating professional ads that advertise to get a larger pool of candidate in a shorter period of time.
Tighter Rent Collection Process
The way you hand rent collection and late payments can be the difference between success and failure as a landlord. Collecting rent on time every month, and enforcing late payment standards, is the only way to maintain consistent cash flow! By hiring a property management team, you put a buffer between your and the Tenant, which allows us to professionally enforce lease terms and serve legal notice when necessary.
Lower Maintenance and Repair Costs
Good maintenance and repairs keep tenants happy and preserves the value of your investment property. By hiring a property management team, you also reap the benefits of their in-house maintenance staff, as well as a network of licensed, bonded and insured contractors. Preventative maintenance is achieved through putting systems in place that monitor, catch and deal with maintenance problems and repair issues early on, before they grow into more costly and detrimental problems for property Owners.
Personal Benefits for Owners
Less Stress – Avoid having to deal with middle-of-the-night emergencies, chasing down rent, evicting people from your property, maintenance issues, rental scams, lousy vendors and piles of paperwork!
More Freedom — Live and invest wherever you want without the constraints of needing to be near your properties for constant supervision.
Free Up Your Time – Time is money, and for many investors, their time can be more profitably spent in other areas than serving their tenant’s needs. When you focus on asset management you are working ON your business, when you manage your properties, you are working IN it. Free up your time to do the things you enjoy in life and leave the mundane requirements of managing your property to professionals.
Owner FAQ’s
Why hire a Property Manager for your Investment Property?
A good property management team can add significant value to your investment! Hiring a professional Property Manager will provide all of the things listed above and more!
How do you determine the rent price for my property?
We will conduct a hassle-free market analysis of current listings and past rented comparable properties, all within the same approximate location of your property. We will give you our recommendation of market rent but ultimately, the listing price is your decision, and we work to obtain the maximum ROI on your investment.
How are maintenance repairs handled?
Pure Property Management has built strong, trusted relationships with maintenance contractors who are available on as-needed, scheduled and emergency basis. Owners and tenants appreciate knowing that if something does need a quick repair, a reliable and familiar face is available to help. All maintenance repairs are handled in the most cost-effective way for the owner; we never pay for a repair or service over $200 without Owner authorization and are in communication with property Owners about maintenance issues, no matter how small they may seem. Should extensive repair work ever be needed, we maintain contacts with reputable licensed vendors throughout the Grand Valley. Our office has an on-call 24-hour emergency line if your tenant ever experiences an after-hours emergency.
How long will it take to rent my property?
The length of time can vary depending on the time of year and condition of the property. The better the condition of your property, the better it will show. Our professionally trained staff are experts in marketing your property to ensure great exposure to result in your property renting quickly. We suggest property owners allow 30 days to have the property rented, but we typically find renter(s) for your property within 1-2 weeks of listing.
How do you screen potential Tenants?
Our office partners with TransUnion to complete a thorough background check on all applicants 18 and over that will occupy your property. This includes a completed credit check, verification of employment, criminal background, eviction background and rental references. We have a reputation for attracting high quality tenants which ensures proper care of your property!
What records will I receive and how will I receive my funds?
Owners will receive a monthly itemized Owner Statements with Profit & Loss report that breaks down income and expenses. At year end, you will receive a final 1099 Owner Statement that you can use to prepare your yearly taxes. You have the option for our accounting team to direct deposit your owner distributions directly to your bank account for a truly carefree experience!
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