Owning an investment property comes with financial and legal risk. It’s not as simple as just cashing in a rent check every month. Rather, the duties of a landlord are never-ending. You cannot take off nights, weekends, or holidays. Emergencies can erupt in the middle of the night, and tenant conflict can arise at any time.
To be a profitable homeowner, you need an in-depth understanding of residential property management in Sacramento. The proper resources can make all the difference. At Real Property Management Select, we know how to help you maneuver the ups and downs of the rental industry. Our proven processes are designed to increase your cash flow, safeguard your property, and legally protect your investment business.
The Downsides of Self-Managing
Costly mistakes add up and can have a significant impact on your bottom line. Managing a rental home is a difficult job, especially when you attempt to go about it alone. Do you know how to reduce vacancy days and tenant turnover? Are you complying with all federal, state, and local laws and regulations to avoid costly violation fines? Can you provide cost-effective maintenance repairs and conduct regular home inspections? What about an adequate rent collection process to prevent the need for an eviction?
Many homeowners have learned the hard way that being a landlord comes with its fair share of hassles and headaches. If you are looking for an easier way to meet these everyday demands, partnering with the team at Real Property Management Select is the solution. We work hard to make renting a positive experience for both owners and tenants. Here are the top benefits of hiring professional property management services.
A Thorough Tenant Screening
Finding qualified tenants is the key to your profitability. Poor tenant qualification tends to lead to larger problems down the road. You need to select tenants that will pay rent on time and in full every month, plus respect your property. Our rigorous application process helps you place reliable tenants. We require an application for every potential tenant over the age of 18 and check the following:
- Employment – We verify income and employment to ensure it exceeds at least three times the rent rate.
- Rental history – Speaking with past landlords can be eye-opening, for good or for bad. It is one way to discover whether a tenant was previously involved in any illegal activity or the cause of property damage.
- Background check – A criminal record is an additional way to learn about a tenant. We watch for individuals with a record of drug abuse or violent crimes.
- Credit Check – A credit score can be revealing. We want to determine if a tenant has a history of meeting their financial obligations.
When it comes to selecting tenants, it is easier to watch for red flags and catch potential troublemakers than deal with the aftermath of a tenant catastrophe. The professionals at Real Property Management Select have the experience and knowledge to help you select the best tenants possible.
Nothing hurts your cash flow more than a vacant rental home. Your home listing needs to reach the masses to give you the best chance at finding qualified tenants in a timely manner. You won’t find tenants if tenants can’t find you first. No matter the location of your rental, whether in Roseville or Folsom, property management experts at Real Property Management Select can help you advertise your listing across the most popular websites. We also produce virtual showings of your property so potential tenants can view the home at their convenience. All live walk-throughs are scheduled and handled by our friendly team as well.
A Precise Lease Contact and Firm Rent Collection Process
The work only continues once tenants move in. Residential property management in Sacramento is a 24/7 job. You can prevent confrontations and conflict if tenants know what to expect beforehand. We prepare a well-written lease agreement that outlines exact tenant responsibilities versus landlord duties. The contract also explains what will happen if tenants fail to make a rent payment. Even well-screened tenants can face financial difficulties, so it is critical to have firm-but-fair rent policies in place. Our automated collections process works to resolve financial matters as quickly as the law allows.
Expensive regulatory violations eat away at your investment gains. Because landlord laws and regulations are constantly changing, our legal experts receive extensive training to remain up-to-date on all federal, state, and local rules that apply to investment property owners. There are a wide range of regulations to follow including:
- The Americans with Disability Act
- The Fair Housing Act
- The Fair Credit Reporting Act
- Real estate contract laws
- Trust accounting laws
- Local city ordinances
- Habitability standards
Do not let a legal battle hurt your profitability. Instead, rely on our legal team to make sure you comply with the law.
As our client, you will know the status of your rental home at all times. All homeowners are set up with a personal online portal to review monthly financial statements, year-end tax documents, or submitted maintenance requests. Plus, during the leasing process, homeowners receive frequent updates regarding tenant placement. Tenants also benefit from our efficient, technology-driven leasing cycle. Potential tenants can visit our website to search for available rentals and schedule showings. Current tenants utilize an online portal as well to put in maintenance orders and pay rent.
Trustworthy Residential Property Management in Sacramento is Available
When you partner with Real Property Management Select, you can expect first class residential property management in Sacramento. We strive to get you a better return than what you could make on your own, even after management fees. We are committed to helping our homeowners:
- Select qualified tenants
- End extended vacancies
- Advertise effectively
- Construct well-written lease contracts
- Comply with all applicable laws and regulations
- Utilize technology
When owning an investment property in the greater Sacramento area, from Carmichael to Folsom, property management takes organization, proficiency, and experience. You cannot expect great results without great management. What you put into your rental home is what you will get out of it. If you want to earn a better return, use our proven processes and hassle-free leasing cycle to increase your cash flow. Learn more about our comprehensive list of services and put our team to work for you. Call Real Property Management Select today.