Akron Property Management
Let Us Manage Your Rental Property
If you've owned income property for any length of time, you know that managing a rental can be financially rewarding. At the same time, you've also likely discovered that property management requires a large commitment of time and effort.
While it may make sense to take the do-it-yourself approach if you're a handy person, live close to your property, and don't mind devoting several hours per month to the task, in many cases this just isn't practical---especially if you hope to expand your business.
With this in mind, here are some critical tasks a property manager can help you with:
Setting the right rental rates:
While looking through the classifieds to see what other landlords are charging for similar
properties is a fine way to ballpark your rent price, a good property management company
will conduct a thorough market study in order to set a rental price for your property,
ensuring that you achieve the perfect balance between maximizing monthly income and maintaining
a low vacancy rate.
Collecting and depositing monthly rent payments on time:
If you've ever worked in a billing department, you know that securing payment from
clients can be difficult, not to mention awkward. Property management companies have
efficient, tried-and-true systems in place to effectively collect rent and maintain
on-time payments. You'll find this particularly important if you have a limited number
of properties, and collecting payments on time is crucial to maintaining your cash flow.
Marketing and advertising your property:
Through long experience, a property manager will know exactly where to market your
property and how to craft compelling advertising materials---a significant advantage
when it comes to filling your properties quickly and avoiding long vacancies.
Finding the right tenants:
Experienced property managers are experts at finding good tenants, and will take care
of all the details, including the securing all criminal background and security checks,
running credit reports, verifying employment, and collecting previous landlord references.
In addition to finding good tenants, a property management company will manage all aspects
of the tenant-landlord relationship. The property manager will handle both routine and
emergency maintenance, take care of routine inspections, and manage any situations where
conflict resolution is required.
Managing vendor relationships:
Property management companies have relationships with maintenance workers, tradesmen,
contractors, suppliers, and vendors that it's almost impossible for an independent landlord
to duplicate. Not only will your property manager get you the best work for the best price,
they'll oversee any necessary maintenance projects.
Ensuring you're in compliance with housing regulations & property laws:
There is a multitude of applicable laws and regulations to abide by when renting and
maintaining your rental property. These include local, state and federal regulations,
as well as fair housing regulations (such as the ADA). A property manager can help you
avoid lawsuits by keeping your property up-to-date and in compliance with these regulations.
Enabling you to invest in geographically distant properties:
If you manage your own properties, you're pretty much limited to investment opportunities
within a tight radius of your own home. By hiring a property manager, you can take advantage
of investment deals in any location you wish.
Maximizing the profitability of your time:
By having a property manager take care of the day-to-day aspects of running your income
property, your free to spend your time identifying further investment opportunities or
otherwise furthering your career.
Maximizing the profitability of your money:
Most property managers charge a percentage of your property's monthly rental rate in
exchange for their services. The rate typically runs anywhere from 6-10%, which is
generally less than the money you save by hiring a professional to take care of your property.
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Akron Area Info
Akron is the fifth-largest city in the U.S. state of Ohio and is the county seat of Summit County. It is located on the western edge of the Glaciated Allegheny Plateau, approximately 39 miles south of Lake Erie. Source: Wikipedia
Areas We Serve
- Cuyahoga Falls