What do Property Managers Advise for Rental Expenses?
In addition to making sure you have a competent property manager, limiting vacancy and screening the right tenants, you also have to allow for repairs and maintenance on your rental home.
What amount should you be saving?
Most property managers recommend saving 1-3% of the property value for maintenance. Of course expenses vary from year to year. Some years will use leftover funds from the prior year and can help with big expenses. If you are consistent in funding your repair account, you will be prepared for the unexpected larger expenses.
If you can, have your property inspected periodically, either by a property manager or licensed home inspector, so you know what large ticket items may be on the horizon like roof repairs, HVAC or new appliances.
Regular Maintenance.
Keeping items repaired and maintained will keep small things from turning into a larger expense. Schedule fall and spring checks for all appropriate items like HVAC, gutters, appliances, structural items, wood rot, etc.
This type of maintenance can be taken care of by a good property manager. Be sure to discuss a maintenance program with them so that you aren't taken by surprise by large unexpected repair bills. For more information visit www.rentkcnow.com
Why use Rent KC Now as your Kansas City property manager?
At Rent KC Now, it's not only our business to provide outstanding property management for you; but our passion! We turn each day into the perfect opportunity to help homeowners find alternative solutions to the current real estate market, work with seasoned investors or help new rental property owners. Whether you are looking for tenant locations services only, or the perfect property management solution, put yourself in our hands and let us provide you with our professional services.
The pillars of our success as property managers are built on a sturdy foundation of experience and reliability. For almost 8 years, we have been managing rental properties, most of which have options for long term housing or short term housing in single family homes, townhomes, duplexes or condos. We have spent a long time providing beautiful and spacious homes; all with the intention of providing quality homes for our tenants and full service property management to our home owners.
Rent KC Now can provide different types of rental services, relocation services, and apartment rental information. These included short term rentals, temporary housing and customized free rental locator's services.
These are a few of the reasons why RKCN is better than the average property manager. Just one phone call to us and all other property managers will be deemed obsolete. Visit us at www.rentkcnow.com
Condo for rent in Overland Park by Rent KC Now.
This ranch condo is well maintained, immaculate and move in ready! Maintenance free living! The Pine Brook HOAis paid by the owner and includes club house, lawn maintenance, pool, snow removal, trash pick up, water, and gas. There is a one car garage, a full partially finished basement, vaulted ceilings, and an updated kitchen. Relax on the private landscaped and treed patio. This corner location hasbeautiful landscaping all around the home. Wonderful location; just minutes from Metcalf and 435 highway. Close to shopping and restaurants.The property manager for this home is Rent KC Now; www.rentkcnow.com.
This home may also be available for lease purchase. Contact Rent KC Now, for more information.
Property management and renting your home.
All the changes in the real estate market have resulted in a growth trend in the rental market.
The advantages of placing properties onto the rental market while waiting for the re-sale market to improve is obvious, but as the number of properties available for rental increases, your home must be at its best. As many potential buyers are unable to obtain mortgages or have questionable career prospects, property owners are in a great position to earn an additional income from renting their homes. There are several key elements in successful property managment. One is locating an experienced professional property manager to advise you on the local market and another is the condition and appearance of your home. A complete remodel could become expensive, but small changes can often add an updated appearance.
A property manager can give you professional advice on marketing your home. For example; removing all un-necessary objects from the property will remove clutter, creating a "model home" appearance. Having the home professional cleaned if necessary is also important. First impressions, like re-painted walls, using nuetral color paint in a light color will look great and provide that new look. Any necessary repairs will need to be made to keep the home maintained and looking good. To make sure the property does not sit vacant for long periods of time, an appropriate rental price is critical. Again a property manager who kows the market is essential. You must also decide upon a minimum price if potential tenants attempt to negotiate.
Whether purchasing an investment property, or attempting to generate income while you wait out the re-sale market, updating your home can mean the difference between a property remaining vacant for a long period of time and one that has income generating tenants. Whether or not you manage the property yourself or hire a property manager, educating your self is one of the first steps. If a professional property manager is what you need, please consider Rent KC Now. 90% of our properties have leased within 30 days! You can visit our website at www.rentkcnow.com.
A full service property management company that will service and maintain your investments in the greater Kansas City Area.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
