Property Management companies work directly with prospects and tenants to save you time and worry over marketing your rentals, collecting the rent, coordinating maintenance and repair issues, answering tenant complaints and even handling evictions. A good Property Manager brings their know-how and experience to your property, giving you the peace of mind that comes with knowing your investment is in good hands. Below we will go over some of the major benefits that Century 21 Haggerty Property Management can offer Las Cruces homeowners.
Avoiding legal issues and following applicable federal lawsCentury 21 Haggerty understands landlord/resident laws governing resident rights, eviction procedures and safety. There are many Fair Housing federal laws and state property codes that must be navigated with tenants during the application process, while they are in the home and at their move out. It is very important all federal guidelines and property codes are properly followed to avoid any potential risk towards violating any laws and/or exposure to possible lawsuits. Some examples of potential legal issues include:
- Discrimination
- Leasing disclosures
- Rent collection and late fees
- Notification and access for inspection
- Deposit disbursements
- Licenses and permits
Century 21 Haggerty also offers eviction protection which means our owners don't pay for court costs, we provide court representation and facilitate the judgment and turnaround.
Increase revenue with screening for quality residents
Screening residents preserves the revenue stream and the property. Experienced property managers know how to spot red flags on applications and identify those applicants most likely to pay on time and take good care of the property. We utilize advanced screening tools that allow leasing managers to evaluate applicants thoroughly and quickly for a fast turnaround to get that tenant moved into your property quickly. No longer are tenants having to wait days for an answer, now the screening process can be completed within a matter of minutes.
Rent CollectionEfficient rent collection ensures financial success for property owners and managers. Century 21 Haggerty assumes responsibility for establishing and enforcing strict payment guidelines. That means homeowners don’t have to spend time and money chasing down the rent every month. Also ease of use for the tenant provides for a higher rate of timely rent collection. Examples would be our use of online payments, ability to download an app on their phones to make payments, they can pay rent at CVS Pharmacy locations and of course make in-person payments at our office.
Boosting occupancy
A veteran property manager understands the importance of short vacancy periods. We can offer owners access to proven marketing strategies and rate comparison tools to help price their home at max value while creating a fast turnover rate between vacant to rented. Century 21 Haggerty regularly averages between 8-12 day turnover rates which exceeds industry standards.
Higher retention rates
One of the best ways to improve occupancy rates is keeping your tenants happy. Century 21 Haggerty is constantly looking for ways to enhance and simplify the customer experience. That means renters have access to resident portals that make paying rent efficient and convenient. Offering tenants the ability to submit maintenance work orders online, through their phone app or by phone 24/7. And inspections that are designed to not only ensure the property is being taken care of, but to also open a line of direct communication with the tenants on their satisfaction with the home and our service. Maintaining a positive relationship with tenants is a great way to curtail frequent turnover.
Easy accounting and tax oversight
While Century 21 Haggerty doesn't help owners prepare tax returns, that’s better left for CPAs and tax professionals, we do provide tools like owner portals that include owners’ statements and reports to keep owners informed about the income, expenses and maintenance requests. Downloadable reports that will also assist with tax deductions.
Increase Property Value
Century 21 Haggerty performs preventative maintenance inspections and will provide feedback on suggested repairs or upgrades to help stay competitive, protect assets and increase value. We stay in constant communication with owners about steps they can take to protect and preserve their investment which is extremely helpful for owners that do not live in the same city where their property is located.
Contractor relationships
Century 21 Haggerty vets contractors and negotiates for the best pricing from technicians who are licensed, bonded, and insured for our owners' benefit. Outside services, combined with an in-house maintenance management staff to monitor routine inspections and spot issues before they turn into major problems. This means happier tenants and fewer costly emergency repair bills.
Enjoying the benefits of being an investor
Some people invest in real estate as a means of funding for retirement. With a reputable property management team minding the fort, owners have more free time to spend with family or explore hobbies and interests without worrying about their property. Century 21 Haggerty can also share information on investment opportunities with owners that are looking to add to their portfolio.
Reduce Stress
All these benefits serve to reduce the stress of property ownership. It’s not easy to put a price tag on living a life free from the hassles of being a landlord, but most would agree that less stress is definitely a valuable benefit. Contact Century 21 Haggerty to learn how we can reduce the stress of being a landlord and discuss the tools and experience we can offer to help you get the most return on your investment home.
