10 Reasons you should hire Property Management

Owning rental property in Minnesota can create life changing wealth. Best of all, this wealth is paid for by the renter, and not the investor. Other people will not line up, fill out applications, undergo screening, and respond to ads to fund your IRA, pay for your children’s education, or pay down the house that you live in. However, they will do all of these things to live in your updated rental in a desirable part of town. Providing safe and clean housing is a serious undertaking and you may be asking yourself if you should consider property management? Below are 10 reasons why you should consider hiring 10k Realty to manage your property.

1. 1.Finding quality tenants

Great tenants are hard to come by. A great tenant will pay rent on time, stay there for years, and treat your property like they own it. 10K Realty manages well over 100 units and knows what to look for in the screening of tenants. Our tenant application process screens out problem tenants and improves the likely hood of finding a great one

1. 2.Advertise your property for rent

Today’s tenants begin their property search online. 10K Realty has a stringent checklist that the property manager has to complete when our company takes on a new client. We also use facebook and google ads to drive potential tenants to your site. Our advertising efforts allows our owners to fill their property quickly and at a higher rent.

1. 3.Respond to tenants request and concerns

No successful investor wants to deal with tenant complaints, repairs, and attitudes. Remember that you got into real estate investing to make your life better and not worse. This is why you need 10K Realty. 10K Realty uses the most up to date property management software. The software allows the tenants to make maintenance request online, it allow both our company, and the property owner the ability to follow the progress of these request and repairs.

1. 4.Handle city and public housing inspections

There are some bad actors, slum lords, and people that are too busy to manage their own property in our business. As a result, the city has created several safe guards in order to protect tenants, neighbors, and the community when it comes to property management. The inspections and licensing is handled during business hours while you are at work, at the mall, or on the golf course. 10K Realty is a full service management company that has years of experience in dealing with city and public housing inspections.

1. 5.Collect rent on time and every time

If you are self-managing your property tenants will begin to think of you as a friend and not a business. As a friend they will expect you to show some leeway when it comes to the collection and timeliness of rent. 10K Realty is a business and we operate as a business to create the expectation that rent will be paid in full, on time, and every time

1. 6.Decrease tenant turnover

Tenant turnover is an investors biggest expense. 10k Realty is responsive to tenants needs, concerns, and problems. Our turnover rate is low because we fix problems as they arise, we demand a safe and clean environment, and we are responsive ,and attentive. We keep leases current and not month to month. This allows us early notification in the event that a tenant will not renew a lease so that we can begin our advertising process and find a new tenant. Often a new tenant can be moved in with out a disruption in income

1. 7.Reduce Overhead

Problems arise at inopportune times. 10k Realty has a long list of service providers that charge us a fair price. We provide our often pre-negotiated rates to our clients without marking up their fees. This allows our customers to save money on repairs.

1. 8.Collect more rent

$75 a month is a small fee to have a company handle all of these task. Also, a great property management company like ours will adjust rent annually to market rent. We often find that investors who self-manage refuse to raise rents on tenants that they like. As a result, our clients often make more money by hiring us than if they didn’t!

1. 9.Family business service with big company systems

Technology is disrupting all sorts of businesses. Property management has changed as fast as any. Today’s property management software is automated, transparent, and efficient. Unfortunately it’s also expensive, difficult to setup, and constantly changing. 10K Realty is operated by Appfolio. This powerful software is available to tenants and owners at no additional cost.

1. 10.Solve your problems

Property managers fulfill a number of task beyond the ones stated above. Managing a rental property in Minnesota does not have to be difficult. In a world where most successful investors don’t change the brakes on their own car, fix their own golf swing, or paint their own nails it’s hard to understand why so many investors refuse to pay for property management. 10K property management is willing to take on all of the problems associated with the management of your property.

Hopefully now you are convinced that 10K Realty is the property management company in Minnesota to call. We service all of the metro area up to St Cloud. We ask that you please check out our website 10krealtypm.com or give us a call at 763.377.2616.

Matthew Higgins