Increasing your tenant retention rates will help you earn more cash flow as a rental property investor. There are several things you can do to improve the likelihood that your tenants will say in your residential or commercial property.
Before you start marketing your rental property or screening tenants, you need to price the home correctly. Today, we are explaining how to get the highest rent possible for your Wichita rental, and there are two specific things to consider. (more…)
A lot of investors see property management fees as an expense, but those fees actually pay for themselves in a number of ways. Today, we are sharing a few reasons that explain why, at the end of the day, hiring a professional property management company in Wichita will actually save you money. (more…)
A strong rental agreement includes protections for you as a landlord as well as clarifications for the tenants who are in your property. You must include certain things in your rental agreement, and it’s also important that you comply with federal and state laws. This is very important because if you are not operating in compliance, you aren’t going to be able to make any money on your investment.
As property managers, we try to create win-win situations for all of the landlords and the tenants we work with. Sometimes, there’s this misguided notion that what’s good for the tenant isn’t good for the landlord’s cash flow, and vice versa. We want to dispel that myth. There doesn’t have to be competition between the interests of the tenants and the interests of the landlords. There is truly an opportunity to create win-win when managing properties. (more…)
Technology has become increasingly important in the property management and rental housing industry. There are many benefits that a professional property manager can provide. Technology is not something that the individual owner often has or can access. It can be costly, and it requires a scalability in order to have the right resources and tools in place. Most property management companies will have some kind of technology in place. At Property Management Partners, we use a professional service and we find it helps us to better serve our landlords and investors.
There are several simple things that you can do to increase the return on your investment property in Wichita. Many investors know that they need to reduce vacancy, collect rent on time, and make good decisions. You always want to do those things. There are also a few things you may not always think of, and we want to share those with you today. (more…)