10 Reasons to Use JEM Property Management
Property management can become overwhelming and very time consuming. Taking care of rental property is a daily task of maintenance, tenant screening and collection. Many times, people choose to hire a property manager to help them in the day to day tasks, which could be just the answer you're looking for. To help you make your decision to hire JEM Property Management here are 10 reasons that could help.
- Rent Collection and Deposits. This is one of the most difficult, not to mention awkward tasks that a property owner can take care of. Collecting rent on-time is important because it will significantly affect your cash flow, especially if you are a small investor. If you have multiple properties, or a large number of rentals, problems will be multiplied. Income is deposited directly from our bank to your bank account.
- Rental Rates. A property manager’s job is to make sure your rental rates are competitive. You want tenants to stay in your property and not move. JEM’s job is to know the rental market.
- Housing Regulations and Property Law. Do you know all the applicable laws and regulations that you need to follow when renting and maintaining your rental property? Local, state and federal regulations, as well as fair housing regulations apply when managing your property. JEM can help you avoid lawsuits and stay up to date and in compliance with these regulations.
- Advertising and Marketing. JEM has marketing experience in real estate and rentals. Web presence as well as local advertising increases the exposure of your properties. Vacant property is extremely expensive, and a situation you want to avoid whenever possible.
- Inspections. Taking care of your property is critical to the value of your investment. Routine inspections help JEM find and repair problems before they become expensive. Performing inspections before, during, and after the tenant moves out will minimize the impact on your bottom line.
- Tenants. Finding a tenant can be a time consuming process. JEM can take care of filling your properties with acceptable tenants. Criminal background checks, credit reports, employment verification, and previous landlord references are used. Tenant disputes and conflict resolution will go through JEM, who will involve you at their discretion. Emergency maintenance can also be taken care of, in a timely manner, by JEM which will increase tenant satisfaction and retention.
- Access to Professionals. JEM has existing relationships with maintenance workers, tradesmen, vendors, and contractors that you might not have. Significant time and money will be saved on maintenance and repairs for your rental property,
- Time Management. Most property owners have other careers. Using JEM as your property manager will free you to focus on your career or other investments.
- Distant Locations. If you do live elsewhere, your investment property will be difficult to oversee, if not impossible to manage. JEM will email you pictures of your property quarterly and take care of the details for you.
- Service Fee. JEM charges a percentage of the collected rents. A nominal fee when compared to the benefit of freeing up your personal and professional time. The cost is actually quite nominal when compared to all the services that JEM provides.
