Investors

Why are you investing? Are you preparing for retirement? Sending someone off to college? Perhaps your mission on this Earth doesn’t fit within a 9 to 5 work schedule, and you’re looking for financial freedom to provide you with scheduling flexibility. Understanding your goals helps us design a plan to get there.

Once we understand your goals, we can build a plan to get there together. If you’re aiming for financial freedom, you may have several properties that cashflow each month. Let’s make sure your portfolio is diversified enough that a major economic event won’t force you back into a day job. Housing targeted towards only military or those working in the medical field may not be a good option if either industry moves locations or experiences major layoffs.

We find that most management companies offer everyone the exact same set of services for exactly the same price, because that’s what is most convenient for them. We recently had a competitor share with us that they only accept properties under ten years old and charge everyone the same flat 10% management fee. We wish them well. We also hope our investors find that we are much more interested in your business!

If you’re an investor, you’re fully aware that some properties are more difficult to manage than others. One investor may come to us focused on appreciation. They have a newly constructed home with an already placed, long-term tenant. Another investor’s strategy may involve targeting DINK (Dual Income No Kids), who pay higher rents but also have higher turnover rates and turnover expenses. Why on Earth would we charge these two people the same rate?!

We encourage investors to share their budget and expectations with us. We can price according to what services the property needs. If you need more frequent inspections, let’s charge for the inspections. If your properties require more maintenance, then we will price in a way that covers the coordination of that maintenance. We can set a “not to exceed” percentage to help you budget for a new purchase. What we don’t plan to do is charge you for services that you don’t need or want.

Every property is different. Every resident is different. Every owner is different.

Housing is not homogenized, nor should it be. Owners and tenants seem to come from an infinite pool of interesting and different circumstances. Property management, therefore, shouldn’t be a standardized service. We will do everything we can to manage your portfolio to your goals. Here are a few examples of what that looks like:

Putting Some Thought Into Marketing
Applicants for a property must all be screened in the exact same way and cannot be chosen on anything except those qualities allowed by fair housing law. However, that doesn’t mean we can’t put any thought into how we market the property. For example, if your strategy involves keeping tenants in place for 5+ years, chances are that they are specifically targeting a certain neighborhood and already driving through it. In this case, it makes sense to invest in a well-designed, old-fashioned yard sign rather than paying additional marketing fees to push online promotions.

Sticking with a Maintenance Plan
An ounce of prevention is worth a pound of cure. In other words, seasonal servicing can save you a lot in emergencies such as building a plan to renovate or replace in small steps each year in a predictable, budgeted amount can go a long way in preventing a large and possibly unmanageable turnover bill when a tenant does decide to move out of one of your properties, not to mention the very high costs and lost time associated with emergencies that arise from neglected