If you happen to own a piece of property, commercial or residential, it is crucial that it is managed well. Whether your concern is your delinquency rate or overseeing of the property, it is essential that you know the facts in order to secure good tenants and to ensure your properties condition. A property is a life long investment both financially and emotionally. If you are too busy to manage your properties, you have the option of hiring a professional property management company to take care of your property.
A professional property management company not only helps in managing your property but also acts as a portfolio manager. Your property management oversight should contain actions such as:
To ensure that your property is visible to target renters/buyers it is critical that there is an advertising plan in place. The advertising plan should be able to attract and make sure a steady supply of good quality tenants. Our system feeds over 300 rental websites giving you the best opportunity to find quality tenants quickly.
We aggressively screen our tenants using local, state and national background checks as well as credit checks and evictions. We have devoted a lot of time into developing sophisticated contracts. This has allowed us to remove any ambiguity in most situations. Our contracts outline clear expectations of the tenant and owner, it is also a critical element in retaining quality tenants. We have invested in a system that tracks all of our tenants paying habits to report them back to the credit bureau's each month.
At Fairbanks Home Source it is important to us to minimize our delinquency rate. With proper screening, clear expectations and diligent follow ups this is accomplished. We currently run less than a 5% delinquency rate.
Lastly, your property needs to stay well maintained and appealing for future tenants. We do drive by inspections at least once a month as well as regular internal inspections every 3 months to ensure your property is functioning properly. We hire the very best maintenance and service providers that are at a low price, reliable, as well as licensed and bonded in an effort to protect your asset. We provide a tenant portal so tenants can communicate on any concerns or maintenance request. This allows for a well- documented and efficient system to maintain proper communication with the tenants.
Overall, if you decide to use Macchione Property's DBA Fairbanks Home Source as your property management company you can rest assured that your property is in good hands.
Please call our office with any questions you may have.