Purchasing rental property in Colorado is a smart investment and can be a significant source of residual income for property owners. However, property management can be an enormous undertaking that requires a great deal of time and effort.
Property management involves the process of finding and vetting quality renters, keeping properties occupied, setting and collecting rent, maintaining property and (sometimes the most challenging) keeping renters happy. If you don’t have the time to devote each month to property maintenance or the skill set and recourses to find and retain high quality tenants but still have the desire to invest in income property, consider hiring a qualified property manager with PMI.
At PMI we will alleviate the stress of owning and managing income real estate by streamlining the process and taking care of every detail for you.
Finding and Keeping Renters
PMI knows the business of rental management and has the skills, insight and experience to find, vet and retain top-rate renters. Hastily filling a vacancy can have long lasting repercussions, the effort put into finding good tenants will pay off in more ways than one. We look for renters that will be on time and consistent with their rent, will maintain the integrity of the property and are less likely to dissent on contracts or provoke legal action against property owners.
Rent Collection
PMI uses a software system that makes rent collection efficient and dependable. We take care of every detail of rent collection, making sure that your cash flow is consistent, reliable and on time. We ensure that you don’t have to deal with the, sometimes difficult, interaction with tenants in regards to collection of rent payments.
Advertising and Filling Property Vacancies
A rental property that sits for too long, draining resources, becomes a huge burden on property owners. With experience in marketing rental properties, PMI has the ability to effectively advertise property, network and fill vacancies as quickly as possible.
Property Maintenance
One of the most difficult dynamics for tenants and property owners to navigate is property maintenance. Who is responsible for what and what constitutes necessary repairs or maintenance? This is where legality enters the equation. A property manager knows the ins and outs of legal requirements as well as common practice. Property Management Inc. provides property maintenance services that keep both renters and property owners happy.
PMI is skilled at ensuring that you are maximizing the profitability of your investment while taking care of every detail of managing your property, tenants and every aspect of running a successful income property. Call us today to learn more about streamlining your rental property management!
