At Citystay, we treat each home as though it was our own investment. With years of experience managing apartments, our team of professional property managers will help you reposition and make improvements to your property that will save you thousands of dollars and dramatically increase the overall value of your investment. Whether you’re looking to be a “hands-on owner” or prefer limited involvement, our property management specialists will tailor a customized solution that meets your needs in the most cost-effective way.
What is property management?
Property management is the overseeing of residential, commercial and/or industrial real estate, including apartments, detached houses, condominium units and shopping centers. It typically involves the managing of property that is owned by another party or entity. The property manager acts on behalf of the owner to preserve the value of the property while generating income.
Why you need it?
Renting out an investment property can be financially beneficial, but it can also take an enormous amount of time and effort keeping up with the daily demands. Whether you live close to your property or far away, hiring an experienced and knowledgeable property management company can help you make the most of your property while also maximizing your time and money.
What does the service include?
Our property management service handles all prospects and tenants, saving you time and worry over marketing your rentals, collecting rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions. We bring our know-how and experience to your property, giving you the peace of mind that comes with knowing your investment is in good hands. Finally, we operate as an independent contractor, meaning you’ll avoid the hassles of being an employer.
Is it expensive?
A novice investor may see a rental property as a simple equation of: rental income - (mortgage + expenses) = profit. While this formula is the basic mantra for an investor, you also need to include your landlord duties and energy into that equation. If the tenant calls a few times a month, constantly complains about property upkeep, is late on their rent or does any lease breaking activity, that could require hours of your time a month. You need to decide how much you value your time. The rate we charge to manage your property is 12% of the revenue you generate from rent; which is only $144 for a $1,200 property. Paying $144 for hours of worry-free management service is worth its weight in gold. Take advantage of our property management service and have one our property management agent’s set-up a free consultation to discuss your needs.
Benefits
1Quality Tenants
Finding the right tenant is one of the biggest challenges landlords face. A single bad tenant can turn property management into a nightmare. One has to have a good eye to spot bad tenants. Who better to that than a member our experienced property management team. Our professional property managers have successfully managed over 100 properties throughout their careers, and therefore have the expertise to notice red flags when reviewing tenant applications. We also have a number of background checks and procedures that will significantly increase your chances of finding a reliable tenant.
Rent Collection
A bad tenant comes with their inability to clear dues on time apart from other qualities. Following up payments and handling legal matters can be stressful at times. Rent collection is a part of our property management service. We ensure all dues are cleared on time and can enforce laws if tenants fail to make payments. You’ll no longer need not worry about your rental income.
Communication and Technology
We invest in advanced technology systems, so we can provide you with the best service and manage your properties much more efficiently and effectively. This includes using tools such as laptop computers with LTE plans, mobile devices, and CRM software to keep us connected to our business and your property at all times. Tenants, homeowners and landlords report that the responsiveness and open communication offered by our company is unparalleled.
No Legal Hassle
Legal formalities and paperwork are a part of the property management process. Avoid time-consuming legalities such as, property inspection, contractual formalities, handling deposits, rent collection, evictions, contract terminations, and many other hassles. Our property managers are well-acquainted with related laws and formalities, so you can breathe easy.