To function as your Property Manager a company will need to:
Protect Your Investment
Minimize Your Costs
Maximize Your Income
Essentially they will need to make you money....more than you pay the property management company.
Property Management Companies will also need to simplify your life:
Not only will the company need to make sure the property is profitable for you; but the company will need to make sure it becomes effortless for you.
Remember real estate investments are meant to be passive income.
To Meet Your Expectations, the Focus of Property Management Companies in Philadelphia are:
Establish Tenant Base
One prospective tenant willing to rent a unit equals revenue for you...Two prospective tenants willing to rent the same unit can equal higher rent and a better, more conscientious tenant. Ten prospective tenants hoping to rent your unit allows us the ability to maximize your revenue (rents) and minimize property expenses. So it makes sense that Marketing is One of the Core Focuses of the more successful companies
Marketing - Your Property Never Looked Better!
Professional Photography & Video, Sales Agents
The company should maintain their own Multiple Listing Service Property Search Site!
For example Philadelphia uses our rental site to find homes for sale and rent.
Property Management Companies should be connected to the largest Philadelphia Real Estate Agencies in the city. This gives our property managers access to the renters working with over 250 agents within our office.
The company should work with every real estate agent on the MLS.
Your property is your investment. And that must be maintained. After all, a $3 dollar problem quickly becomes a $3,000 dollar problem. Regular inspections of your property are paramount. It keeps it worry-free and avoids expenses. So it makes sense that maintaining Systems and Routine Scheduled Maintenance is One of the Core Focuses of the better known property management companies out there.