Good Ideas for Showing Phoenix Rental Properties

Rental PropertyAs a Phoenix Property Management Company, we know how important it is to show prospective tenants rental properties. Today we focus on how to show a property properly and detail what the correct information to get from a renter at the viewing for qualifying purposes.

Procedures to follow in showing rental properties

If tenants pre-qualify and are still interested in the property, now is the time to schedule a viewing. As a Property Management Phoenix Company the following step is very important, and consists of disclosing any important information concerning the property that may be different from normal. The reason, for doing this, is that unusual conditions could put off some prospects from leasing your property. It is better to reveal probable problems up front to save you time.

These prospects could be that the rental property does not include a fridge as for some tenants this could be a contract breaker. Nonetheless, if you make this known up front, at least you know beforehand that it is a no go instead of wasting your time driving out to show the property and waiting there while the people look at it.

Group showings

If you have multiple groups of people interested in viewing the property, then it is better to schedule a group showing. This will save you time and show prospective groups of tenants that the properties sought after and if they snooze, they may miss it. Another great idea is to e-mail applications over to the viewer(s) to complete with all required information regarding to what they need to have ready if cash money orders, or application fees are relevant and all required income documents. This saves time when showing the rental property as you would then be able to get the required information at the viewing. This also helps the tenant to get hold of the fees required beforehand.

Make sure that the scheduled viewers have your contact details in case they need to cancel. Inform all viewers that you will be calling to confirm the showing and that it is important for them to confirm as well. Also, advise them that if they do not answer your call or call you back in 10 minutes then you will not be showing up. Arrive at the rental property at least half an hour before the showing.

Things to do before showing rental property

As a Phoenix Property Management Company, we know the importance of preparing a show house before the time, as you do not want your prospective tenants to walk into a stuffy home. Once you arrive at the property, make sure that the temperature is acceptable for summer, and winter months. Open up blinds and turn on lights, and if the property has a stuffy smell open up the windows if weather permitted, and spray some air freshener. If you find that a prospect does not like the property or is disinterested, ask them as to why they do not like it, or why they do not want to move forward with the rental agreement. They may not want to apply for personal preference reasons and may point out something valuable that other rental properties have to offer.

Moving forward with the rental agreement

If the viewer likes the property, they can now give you the completed application, employment documents, and an application fee. As a Property Management Phoenix Company, you know how important it is to make sure that the applications filled out and signed by all tenants over 18. Make sure that you have the following information on the application:

  • Applicant information that consists of the Name, Cell number, e-mail, and drivers license
  • Employment history should show current and previous employment if less than two years
  • The residency history should show the last two years information and consist of the Landlords’ name, rent amount, and contact numbers
  • Bank information should be present in the application
  • Ask on the application if they have ever been evicted, asked to move out by a proprietor, broken a lease, or had not paid rent
  • The signature must be present to obtain credit report and rental history information

Make sure that the following documents is handed in with the application; last two pay slips if they are W-2 employees, two months bank statement, two years tax returns if viewers are self-employed.

Application fees

Adding an application fee is a good idea as this helps you to recover costs of administering the application. It also helps to guarantee that the people are serious about renting the property or apartment. Once you receive all obligatory information, make sure to converse with them as to when you will be in contact regarding the application and what the next steps will be if they qualify.

Why you need to Think about Purchasing a Phoenix property management Firm This season.

Property management is the operation, oversight as well control of real estate. As a real estate developer, or property owner, you need to run your property as a business venture if you are to earn great returns upon your investment.

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For those who are in the property development or are planning on making a purchase then you seriously need to think about investing in a great property management firm. This is because great property management companies possess the capability of bringing a lot to the table.

Practically speaking, the range of services offered by these companies varies quite a lot from one company to the next. However, there are several basic services which are offered by any management company; irrespective of whatever it is you exactly need from such a firm.

Lease Processing

The task of lease processing is more of a group effort assignment, rather than an individualistic issue.  It employs a definite pattern as well as a specific routing to a number of individuals within the institution, along with the accounting department.

Each of the individuals in the team has a specific item they look for/manage. However, it is the responsibility of a single person to input the lease into the computer. It is crucial that utmost care is taken as if you miss out on any detail, you may end up with serious repercussions.

Property Management

This term has numerous meanings attached to it. This is because it bears lots of responsibilities such as site visits, which are a crucial part of any management role. This basically means that the company needs to make at least a single visit to the site each and every month, apart from the emergency visits that may prop up.

Collection Of Rent

The assigned company is also obligated to collect any rent from your tenants on your behalf. This is where it is really vital that you get nothing but the best property management Phoenix company. You need someone whom you can fully trust to handle your finances with absolute openness and accountability.

Screening Of Tenants

One of the key pillars towards ensuring that you derive profit from your property is by getting the best tenants/clients. It is the responsibility of the management company to process, and screen each potential tenant. To achieve this, they check on the tenant’s past rental history, credit report, criminal record as well as their citizenship.

Issuing Of Any Penalties

This is by far one of the most challenging bits of a property management Phoenix company and it may be a great idea to seek out the help of these experts for such task. It’s a given fact that over time, you will come across dissatisfied clients as well as some unruly characters.

When such an occasion rises, it is also the responsibility of the management company to handle such cases. Should they default in making their payment, their have the mandate to impose fines onto such individuals according to the signed contract.

Legal Matters

As a property owner, you are obligated by law to know the law which governs the relationship between the landlord and the tenant. Failure to know these laws by heart may lead to legal ramifications of large proportions.

Most property management Phoenix companies are fully aware of these laws and are up to date with any changes in them. This comes in handy whenever you may require a tenant to vacate the premises for one reason or another.

Profit

By far, this is the most important reason as to why you need to give property management companies a serious thought. Most of these companies have a vast amount of knowledge and skills which will come in handy while taking care of your investment.

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For instance, most companies OPULENTRE  have got access to their own private data base of potential clients, thereby making the recruitment of new tenants or willing buyers a walk in the park. In the end, you need to think it over as to whether or not you require such services, but clearly, the benefits speak from themselves.