Honest Realestate Agent

Posts Tagged ‘Property management’

Property Management: A Day in the Life

Another corridor analyzed for Sacramento property management information is the Roseville/Rocklin corridor. Roseville is a city in Placer County, California, located in the metropolitan area of Sacramento. As of January 1, 2007 the population was 106,266. Interstate Highway 80 runs through Roseville and California Route 65 bisects the northern part of the city. Top business employers such as Kaiser Permanente, Union Pacific Railroad, and Hewlett-Packard thrive in Roseville. Rocklin is a city in Placer County, California. It is a primarily residential community located north of Sacramento. It shares borders with Roseville, Loomis, and Lincoln. Rocklin is well known for their outstanding schools, rich heritage and even possibly the Rocklin Jubilee. As of 2006, the city’s population was estimated to be 50,920 people.

One bedroom homes in Roseville/Rocklin corridor have a rent of $820/mo and Section 8 is paying $813/mo to Sacramento property management companies. The average square footage of Roseville/Rocklin one bedroom homes are 750 sq. ft and there are around 700 rentals. The sq. footage and median rent achieve a $/Sqft of $1.05.

Two bedroom rentals in Roseville/Rocklin corridor have a rent of $1010/mo and Section 8 is paying $992/mo to Sacramento property management companies. The average square footage of Roseville/Rocklin two bedroom rentals is 1001 sq. ft and there is 1100+ rentals. The sq. footage and median rent achieve a $/Sqft of $1.02.

Three bedroom homes in Roseville/Rocklin corridor have a rent of $1425/mo and Section 8 is paying $1431/mo. The average square footage of Roseville/Rocklin three bedroom rentals are 1500 sq. ft and there are 1300+ rentals. The sq. footage and median rent achieve a $/Sqft of $0.95.

Evaluation team members may consist of operational managers that may use functionality that is geared to their management role as well as front line staff that would use the property management software on a daily basis and for the majority of their day. Staff in various positions such as Front Desk Clerk, Reservations Clerk, Housekeeping Managers or Supervisors, Sales Staff, Accounting Staff, Concierge Staff and staff in the Information Technology Department would be able to offer different perspectives. Consider representatives from these departments to be included in the evaluation process. Their experience with past systems as well as their department processes and their insight into what functionality they need to best serve the hotel guests will be very valuable when building your requirements list.

The Project Manager should set expectations and objectives of what is to be accomplished during the evaluation process and provide this information in writing to the team. Setting expectations and objectives will help to keep the evaluation process on track. The team needs to understand that although comments and suggestions are appreciated and necessary, not everyone’s wants will be fulfilled. The goal is to choose the best system to meet your specific business needs while providing the best overall tool for all departments and the business as a whole. There will be some areas and functionality that will require compromise. Sorting out items that are needs as opposed to those that are wants is essential during this process. Items that are determined to be needs should be qualified as such

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More and more homeowners are deciding to rent their home instead of sell because of the current housing market.  As a result, it is becoming more and more important to find quality, efficient property management services. In today’s environment, homeowners are no longer just interested in a company that performs great upkeep, collection and vendor management, but rather are relying on their property manager to quickly find reputable and responsible tenants. Especially in the case of higher end homes, this can be difficult.

The trend for high end homeowners to lease their home long term or on a rent to own option rather than as a short term vacation rental is causing the increased concern over tenant quality. This type of situation is much riskier for the homeowner both on a financial and an emotional level than just selling the home would be. 

Homeowners or prospective tenants should consider the following factors when selecting their property management company:

1.   Licensing. Because only larger property management companies are required to be licensed in Colorado, many choose not to get licenses. Licensing ensures that the property management company has agreed to follow the regulations of the Commission and a tenant or property owner can hold them accountable. Without proper licensing, consumers can easily be subject to fraud and identity theft with no recourse.

2.Tenant Screening. A critical component in the process is to pre-screen all potential tenants by conducting a thorough credit, rental, and criminal background check. This saves time up front for both parties and mitigates the financial risk for homeowners.

3.   Real Estate Experience. It’s important to have experience in today’s marketplace. A property manager with a full menu of experience in all management areas will understand the needs of buyers and sellers and help them to create a win win situation for all.

4.Collaboration in the Local Area. . It is critical that the property management company you choose is well known and respected in the local real estate market. The rental market is changing at breakneck speed and your manager must have a great grasp of the local neighborhoods as well as be tuned into to local broker network to discover properties for rent that may previously only been available for sale.

Our Denver Based property management company, Denver Rent a Home has focused on streamlining the tenant placement process and taking the hassle out of the hands of the homeowners. We have recently launched an online tenant pre-approval service, where prospective tenants can fill out simple forms to get pre-qualified for any of the available listings. There is also a thorough background check conducted on every prospective tenant, and we pride ourselves on learning what is important to our clients very early in the process.

In short, be careful to choose your property management company carefully, whether you are a homeowner or prospective tenant.If a company you are considering isn’t licensed, or doesn’t convey solid processes and experience, be wary. You may feel that you can trust your instinct, but in a risky situation such as rent to own you can never be too careful. It would also be wise to ask to speak to existing customers of your prospective manager in order to hear firsthand how their experience went.

A great property management company really wants to make sure they understand their clients and know the properties as if they were their own. They appreciate the fact that their customers are trusting them to place the right tenants in their home, and take the responsibility very seriously.

DenverRentAHome.com can help those in the Denver, Colorado and surrounding areas with over 75 years of combined expertise in the residential rental and property management fields.  As Colorado natives, they will be able to help you find the ideal lease option situation in any price range.  Homeowners can now post their properties online for FREE for two weeks, followed by a low monthly fee. And prospective tenants can now get pre-qualified online! Visit www.DenverRentAHome.com for more information or call 303.681.6767.

It’s tough enough to move even when you are just moving a short distance. Relocating to a new city or state is one of the most stressful and distressful experiences there is for a family, particularly if you are unfamiliar with the area you are moving to.

One of the most difficult, but important decisions a home buyer makes when moving to a new area is selecting which neighborhood to live in. School system and average home price data is easy to find out, but what about the less tangible factors like walking distance to great restaurants and the quality of nearby public parks.

Many people who relocate to a new city or state, such as Jesse Singh who is an executive at HOV Services, are choosing to rent a home before buying. Jesse and his family have had to relocate three times in the past five years, and he hopes their most recent move to Denver will be for keeps.

Jesse was concerned that he would have to move again and not be able to sell his home if that occurred to soon.  Additionally, since they had only really seen the airport, hotels and office space in Denver, they didn’t feel familiar enough with the area to commit to a home purchase.My staff at Denver Rent a Home, who are all Colorado natives, were able to alleviate these concerns by finding them a home under a Lease with an option to buy, so that they can take time to get to know the neighborhood without the baggage of a mortgage should they chose to move within the city or need to relocate again.

Another couple and client of Denver Rent a Home recently moved to Denver for a business opportunity and chose to lease vs. buy in part because they couldn’t sell their property in Scottsdale, AZ. Instead they chose to rent their property in Scottsdale and lease a home in Denver, which worked out great for them.  As the parents of two young girls they also felt they wanted to get a good feel for living in an area as a family prior to committing to a home purchase.

Rent to own situations are becoming much more popular among my clients, especially those relocating from anther area of the country.It feels so good to be able to find great properties for families so they can integrate into a community quickly without the relocation risks folks have had to bear in the past.

If you are relocating and want to try the lease with option to buy route, find a great local agent who knows the area well and is committed to finding the right rent to own properties.  They will save you a lot of time you’d otherwise spend searching online, making phone calls, or even having to move several times to find an acceptable location. 

DenverRentAHome.com can help those relocating to the Denver, Colorado and surrounding areas with over 75 years of combined expertise in the residential rental and property management fields.  As Colorado natives, they will be able to help you find the ideal lease option situation in any price range.  Homeowners can now post their properties online for FREE for two weeks, followed by a low monthly fee. And prospective tenants can now get pre-qualified online! Visit DenverRentAHome.com for more information or call 303.681.6767

If you are looking to sell your home, you probably would prefer to do so in as expedient a manner as possible. But its not always as easy to pack a quick sale. Thankfully, there are methods that can be employed to move a sale along a little faster. Here are 7 simple ways to move the sell your house effectively,

Listing your property online will deliver results. This is not to say there is anything wrong with placing an advertisement in the traditional newspaper or print classified ads. However, it is important to include online advertising as part of your plan because more people look online ads these days than print ones. Online ads will stimulate more inquiries and this will yield more offers.

Integrate a virtual 360 tour into your online advertisements. A virtual 360 tour is a panoramic video film of the interior and the exterior of the home. This type of video presentation truly gives a “you are there” feel to those perusing the advertisement. This adds to their enthusiasm which, in turn, speeds up the number of offers that might be acquired.

Make the interior of the home look as best as possible. This certainly does not interpret that you are supposed to allocate big budget for home redecoration. It simply means that it would be helpful to clean it up as nice and neatly as possible prior to showing potential buyers. You can try and consult Home owner associations or property managers too for a verdict since they are in touch with the business. You do not want to undermine your own cause and if you try and show a less than presentable home, you will be doing just that. So, always keep the interior as neat and clean as possible.

Procure the services of a professional real estate agent. Some may be less than thrilled about the notion of paying someone a commission to sell their house. It is not a bad idea to ask a professional to handle a Home selling project for you, in case you find it too difficult to do yourself. Ultimately, the commission you pay will pay for itself since holding onto the house will yield real estate taxes, upkeep costs, etc.

Unrepaired obvious problems will only shackle your chances of selling the house. When a potential buyer notices a number of problems with the home, they may become less inclined to purchase it. Though you will discover the you attract potential buyers having a positive manner towards the property if you promise to take care of the minor repairs when needed.

Hire a professional property manager or agent to show your home for you. Yes, this can come with a few extra costs but it may be worth it. Experience counts for a lot and some that have experience with showing a property can deliver excellent results.

Make the attic and/or basement look appealing. These rooms are part of the home, too. Overlooking them and allowing them to fall into neglect may turn off buyers. So, always be sure the look of these rooms is a positive one and fix any negative aspects to them. The fabulous results will leave you surprised and happy.