Being a landlord is much
more than handling tenant turnovers or overseeing rented units and tenants. Thorough
property management (and the underlying investment/asset management) also covers consultancy, market
insight and knowledge, tax reporting, accounting, effective marketing, leasing
paperwork, legal and legislative compliance, document management, property
inspection and prospective tenant assessments. All this can be overwhelming for
any individual, especially landlords who still have to chase their monthly
checks from tenants.
That’s why many property
owners turn to professional property management services (or should, if they
don’t), who are licensed real estate brokers, and skilled in managing all these
needs. But more than just that, property managers who are adept with technology
can get more done, and more effectively, and as the saying goes- time is
money. Specifically, smart use of
technology can mean fewer days vacant, more competitive rents, faster rent
collection cycles, more timely vendor payments and most importantly (to
property owners), faster funds disbursement each month.
Here are 5 tangible advantages
of hiring a professional property manager well versed in technology to
manage your needs effectively.
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Rental syndication enables broad advertising reach while professional photos and virtual tours drives interest |
1. Online advertising reach
A major benefit of tech savvy management professionals are the listing
features we leverage, allowing us to broadly and effectively market rental
units, by syndicating listings to highly trafficked listing platforms (such as Trulia, Zumper, Zillow, HotPads and many others)- and in doing so, providing professional listing
information, photos, videos and virtual tours.
2. Valuable landlord and tenant tools/services
Effective professional
property managers also develop platforms that cater to specific needs and
portfolio profiles. For example, here at
RD House, our management platform allows us to do things like assign utility
bills to tenants in single family properties, and to apportion utilities across
multiple units in multiplex properties.
At the same time, all of our clients and tenants have access to online
payments/deposits and personalized web portals with lease documents, bills,
financial reporting, account transactions, communications and more. We also provide real-time 150-point photo
documented move in and move-out inspections.
Because we leverage the platform across all our properties, we’re able
to provide them much more inexpensively than an individual landlord could.
3. Marketing muscle
This is the real strength
of professional property managers. In
addition to advertising rentals on high traffic platforms, social media savvy professional
managers syndicate listings to social media, and RD House has working
relationships with corporate relocation and employer housing professionals.
We also know what property/unit
amenities and features are most desirable and how best to market properties/units
based on their specific attributes.
This
alone has a very tangible payback for our clients: our average vacancy (days vacant on market
including turnover) is just 22 days.
That means your property is generating rents more days in a year.
4. Legal and legislative compliance

5. Customer Service
The importance of customer
service for any business can’t be over emphasized. When people receive great
customer service from a business, a ripple effect happens through word
of mouth and recommendations. In the property rental arena, satisfied tenants
stay longer and renew more often, saving a significant amount of turnover and vacancy
costs. RD House has one of the highest
tenant retention rates in the market, and has been awarded excellence in
property management services since 2014, driven by our client and tenant service, flexible and
mobile-enabled tenant and owner portals, ePay and direct deposit services and
online maintenance request tools.
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RD House is a Seattle property management company
that specializes in property management for residential homes and small
apartment buildings in the Seattle metro area. We
work smarter to be a team you can trust to manage all the aspects of your real
estate property management the right way, and our mission is simply to provide
better results with residential, multifamily, commercial and association
property management. We call it Simply Better
Property Management.
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