If you are an investor that rents out apartments, townhomes, homes, or even office space – Finding and hiring a knowledgeable property manager is key to your success!
Here are 5 things to look for in a great property manager that can help you spend less of your time while growing your investments:
5 Things to Look for in a Good Property Management Company
1. Thorough Screening Process
A good property management company will check rental references and ask for income verification for applicants to rent your property. A great one will run background and credit checks on top of these things!
Finding the right renters can make or break your investment! The right renters do less damage to your property, pay their rent on time, and request maintenance repairs in a timely manner.
In other words, you want renters who are adults and are willing to communicate with your property management company in an efficient, professional manner.
Background, credit, income, and previous rental reference checks are crucial to finding the right fit to take good care of your property!
With over 20 years experience in the Utah property management market, Spectrum Realty and Property Management has seen it all! Our application process is thorough, yet fair, to find the VERY BEST tenants for your property!
2. Ability to Turn-Around Property Quickly
When good tenants move out due to change of job, buying a home, or just needing a bigger space – Your unrented property brings in no income. Being well-connected in the Utah rental market, Spectrum knows how to find great new potential renters – FAST!
Spectrum also has exclusive contracts with top handymen and repair professionals that can get your property ready for new tenants quickly! From patching nail holes, paint touch-ups, light bulb repair, and more advanced issues – Our contractors follow our 28-point checklist for quick and easy turnovers that make sure your property is rental ready.
3. Ability to Accept Online Rent Payments
Making rent easier for tenants to pay is crucial for your success as an investor. Tenants who have a way to pay rent online, forget less often. Plus, online payments often clear more quickly than checks.
Spectrum Realty and Property Management offer both online rental payments and the ability to submit maintenance repair requests through our website!
4. Handles Annual and Regular Maintenance Requests in a Timely Manner
Instead of tenants calling you to hire a repairman to fix their leaking toilet, they submit a repair request, and we immediately send the request to our licensed contractors and handymen!
They respond and handle requests in the order of them being submitted, with higher priority given for emergencies such as heat or water.
Our maintenance professionals also handle annual maintenance such as swamp cooler start-up and shut-down and sprinkler start-up and shut-down!
Do you have a 24-hour repair man on-call for tenant emergencies such as flooding or the heat going out? Spectrum does!
5. Uses Rental Contracts from a Real Estate Attorney
The laws for renting and owning property in Utah have changed a LOT over the last 20 years, which is why Spectrum Realty and Property Management uses rental contracts drawn up by real estate attorneys who specialize in Utah law and the Utah housing market.
Spectrum also keeps these lawyers specializing in Utah property management on retainer in the rare event of eviction, or other unforeseen tenant issues.
If your tenants have a problem and you don’t have an ironclad rental contract, then YOU have a problem. If your tenants need to be evicted, then YOU will have a hard time evicting them without a proper contract in place and real estate attorneys to back you up.
When you hire Spectrum to be your Utah property manager, you get a whole team of dedicated real estate attorneys, maintenance, leasing, real estate and property management professionals that have your back!
We work hard, so you don’t have to! Contact Spectrum today to see how we can help you buy/sell/renovate/lease Utah real estate!
Phone: 801.655.3700
Email: spectrumpm@gmail.com