At PMI, we represent four main pillars—residential, commercial, association, and short-term rental management. We will discuss these different pillars in various blogs, trying to offer helpful input and insight into what we have to offer. In this blog, we want to focus on what we provide within the residential pillar.
We know that being a landlord doesn’t intrinsically mean that you’ll earn a passive income. Usually, to earn a truly passive income requires making active choices, as odd as that may sound. You need to make choices now to allow yourself to reap the benefits later. You can choose to continue to actively work for your investment or find ways to enjoy a passive income.
Of course, the benefit of a passive income is that it frees up more time. This allows you to spend more time doing the things you love. It even frees you up to make more investments! Overall, a passive income is a winning choice. But how do you achieve this status?
At PMI, we can help. When you choose an experienced and trusted property management company to partner with, it takes the burden off of you. We can handle all of the fine details, the day-to-day, and even help in future planning. You can let your investment work for you instead of working for it!
Let’s talk about this further by showing you several ways we are here to assist.
1. Property Marketing — We offer marketing methods to help you attract high-quality applicants. We also run a custom rental analysis. This allows us to find the rent amount that puts the most money in your pocket. Your listing will also accurately reflect the property available, including high-quality photos.
2. Tenant Screening — We thoroughly screen every application, including background and financial checks to keep your interests protected. Our screening process will answer four critical questions to determine if the tenant is right for your property.
These questions include:
- Is the applicant who they say they are?
- Can the applicant afford this property?
- Does the applicant have a history of paying their bills?
- Will the applicant be a responsible resident and take care of the property?
All applications are processed without regard to the race, color, religion, sex, handicap, familial status or national origin of the applicant and follow Fair Housing Guidelines.
3. Rent Collection — Rent payment no longer needs to be a guessing game. We handle all billing to get you your money on time. One of the ways we help to ensure this is by making it easy for tenants to pay their rent through our 24/7 online tenant portal. We can easily track incoming rental payments through an automated process.
4. Property Maintenance — We work hard to keep your property optimal. All of the maintenance requests are handled by us, and we coordinate repairs with you. Tenants and owners can expect responsive 24/7 support from our PMI team. Our after-hours emergency line provides a way to get immediate service, and all non-emergency maintenance requests can be made through a convenient online tenant portal.
Owners are kept up to date through the owners portal. This allows you to stay in the loop at all stages of a maintenance issue. Real-time updates and records can be accessed at any time. Maintenance expenses can also be found on the portal but are also issued in monthly owners’ statements. We negotiate high-quality services at reasonable rates with our nationwide network of licensed, bonded, and insured tradesmen and suppliers.
5. Financial Reporting — Our goal is to maximize your income and minimize your expenses. Our professional accounting team tracks the income and expenses of your investment property for you. You can expect full visibility and monthly reports for your property. Access to your account is available through a 24/7 online owner portal.
6. Evictions — If the worse should happen and eviction is required, we can process it for you and minimize the impact on your bottom line.
7. Property Inspections — We have regular in-person inspections. This allows us to identify any potential problems in advance.
8. Legal Compliance — We pay attention to laws and insurance regulations that impact your property to ensure you stay legally compliant.
As you can see, we have a lot to offer landlords. You no longer need to manage every piece of the puzzle, from maintenance needs to finding tenants to handling accounting; we can do it for you. When you partner with PMI, you can truly enjoy the benefits of a passive income and start living life the way you want. Learn more by visiting our website https://www.propertymanagementinc.com/. We’d love to connect with you and answer any questions you may have.
