Maximize the ROI on your Rental Properties
Whether or not you have used a property manager in the past, it’s not difficult to see the value in hiring Real Property Management to manage your real estate investments.
Congratulations, you are an investment property owner! You’ve purchased your first, fifth, or perhaps even your fiftieth rental property. At Real Property Management Bozeman, we will help improve and protect your Return on Investment (ROI) in four ways:
Optimizing Wealth Potential
Knowing how much a property will bring each month in rent is extremely important if you want to maximize your ROI. If rent is too high, it can prevent the property from being occupied, however renting too low will result in lower profits. Understanding that balance and the intricacies of how much to charge in rent in each city, and even specific neighborhoods, is our specialty. We use the most accurate data available to determine the best monthly rent rate for your property. You can rest assured that each property we manage for you is rented at the best price point.
We have designed a Wealth Optimizer Tool which provides an easy review with full visibility of all costs associated with the property, clearly providing the % return. You will know exactly how profitable each rental is at a glance.
We would love to perform a deep financial analysis of your assets. We will forecast future returns and anticipate possible expenses to reduce unknowns. We can help you understand what you stand to gain, and how to increase the profitability of what you already have.
Creating Truly Passive Income
The whole concept of passive income is to make money without persistent effort; exchanging your time for money. Responding to tenant phone calls at all hours of the day and night quickly becomes anything but passive. Depending on how many properties you have, it could very well be a full-time job. That’s where we come in.
We proactively manage and respond to tenant requests, taking the stress, worry, and work away from you. Having a dedicated and local property manager creates happy tenants (more likely to remain in the property) and allows your investment to become truly passive income. Our role is to make your investing about ease and profit through exceptional asset management.
Shorter Vacancies & Quality Tenants
Each day that a property sits vacant is money out of your pocket. It’s called opportunity cost if the property is already paid off, however if the property is financed, the property becomes an expense and from some perspectives, a liability. We spend thousands every month advertising vacancies to get them filled fast. If you don’t make money, we really don’t make money either.
On the other hand, placing the wrong tenant in your property has an even higher cost. Smarter tenant placement is a result of our rigorous background screening process including credit, employment, rental history and criminal checks, using a systematic business approach. Making every effort to screen thoroughly helps us find reliable tenants who will pay on time and treat your home as if it was their own.
In cases when collections/evictions are necessary, an automated and streamline system ensures that the process is completed quickly, while making sure all laws and codes are followed.
Preserving the Investment
Your home’s value is important while it is a rental, but long-term appreciation of the investment property is equally as important. Allowing the rental property to fall into disrepair or be compromised by a tenant would be as naive as killing the goose that lays the golden eggs.
At Real Propety Management Bozeman, we conduct move-in assessments and regular inspections (complete with photos) to ensure that your property stays in good shape. We use cost-effective, reliable, in-house maintenance systems and exclusive preferred vendors for upkeep, saving time and money for our clients. Furthermore, we will also help guide you to understand which improvements should be made to collect higher rent and attract tenants who will take better care of your property.
The take home… Real Estate can be an exceptional investment. Just make sure that you have the right team working with you to maximize your ROI, optimizing your earning potential so that you can enjoy the fruits of truly passive income, knowing that RPM Bozeman will keep your property filled and good condition for years to come.