Seven Reasons Why Homeowners Choose Us to Manage Their Property
Hiring a good property manager is important. You want someone who knows what they’re doing when it comes to managing property, but who can also assist with other real estate needs. A good property manager will have their pulse on the real estate market, 24/7, keeping up with environmental and economic shifts.
Reis covers everything a property manager or landlord could possibly need to know about owning or managing property, particularly when it comes to commercial real estate. The site offers reports on various trends, trends and analysis for apartments, webinars, and more. There is also information about rent levels, vacancy rates, and new construction reports across nine different major commercial real estate sectors.
At Legacy Property Management of Silicon Valley, our broker Derrick McQuade is doing everything he can to stay on top of the real estate market and continues to build a robust network of key professionals who can assist with a variety of real estate needs.
How Legacy Property Management Can Help You
A lot goes into being a property manager, but at LMP we have a team that can support you no matter your needs. At LMP, you can get assistance with estate planning, insurance, maintenance, relocation, home sale/purchase and more.
This article from FortuneBuilders walks you through the essential ins and outs of creating a real estate portfolio, from figuring out your objective to managing the portfolio, including whether or not you should hire a property manager.
Real Estate Insurance
There are dozens of choices when it comes to obtaining real estate insurance, so it’s important to do your research and meet with a few companies to see who’s offering the best rates and services before making your final decision.
Maintenance is important when it comes to owning a rental property. Having a properly maintained building can mean the difference between having steady renters and no renters at all.
The California Department of Consumer Affairs Landlords’ and Tenants’ Responsibilities for Habitability and Repairs outlines very clearly what the landlords and tenants are each responsible for when it comes to property maintenance, both inside and out. Relocation Assistance
If you’re planning a big move, it may be prudent to hire a relocation specialist, someone who can assist with all the ins and outs of your move, from beginning to end, whether it’s selling your current home to helping you find local service providers, such as doctors or babysitters.
Home Sales/Home Purchases
Finally, LMP can help with home sales/purchase, working with you to make the process as painless as possible.
A Cross-Functional Team
At LMP, we have the tools and experience necessary for screening tenants, which saves both time and money. If you think you have some good potential tenants, Rentalutions has created a guide to the tenant screening process that removes all the guesswork.
What Our Staff Can Do
We also have a full-time staff available to take work orders and field tenant calls, along with real estate agents who are available to do a variety of tasks, including:
Upgrade/downgrade your real estate portfolio Do home valuations Manage marketing and advertising We run ads on major online platforms We also have an optimized website that provides information and resources for landlords and tenants
Managing the Money
Our team can also do simple accounting, including:
Helping you with your real estate portfolio decision mapping Providing tips for tax deductions Providing reports Managing several leases at once Paying property expenses on your behalf: when we collect the rent, we will deduct any fees negotiated (water, sewage, HOA), along with any pre-approved repairs.
We can also assist with tenant retention, providing clear and timely communication that leads to happy tenants and owners.
By letting LPM handle the day to day tasks for you, you’re able to enjoy quality time with those you care about. By not having the stress of calls and maintenance emergencies on your plate, you have more room for travel, work, and relaxation.