Managing Your Multi-Family Investments

MANAGING MULTIFAMILY INVESTMENTS from RISE Strategic on Vimeo.

When most people think of renting out their house, they think it sounds complicated and worry about all the risks it involves. Well, how about renting out multiple houses or multi-family apartment complexes? Just think how much more overwhelming this may be and all the stress it could involve. That’s why Specialized Property Management Atlanta provides around the clock property management services to put your mind at ease.

Rent My Home Out With Specialized Property Management Atlanta

When you hire our property management company, you can be certain you are saving yourself from costly legal mistakes, high turnover rates, and too low of rental rates. Specialized Property Management Atlanta has a proven turnover process that takes into account research on local market rate comparisons, compliance with all federal and state laws and codes, re-keying of your property, and professional cleaning and maintenance vendors. We offer long-term stability for multi-family complexes and single-family homes alike.

Application Process for Tenants to Rent My Home Out

The anticipation of getting new renters in your multi-family investment is always nerve-racking. But Specialized Property Management Atlanta has a track record of low vacancy rates, offers an unlimited advertising network for your available units, and has a careful screening process for all applicants. Our application process requires all applicants who are 18 years and older to submit a signed application along with a valid ID, income proof, security deposit, and application fees. Upon accepting applications, Specialized Property Management Atlanta conducts background checks, credit checks, employment verification, rental history, and personal references to ensure your property is in good hands.

Rent My Home Out Incentives with Specialized Property Management Atlanta

Not only do you, as a property owner, get major financial gains by renting out your multi-family complex, but tenants also get incentives for on-time rent payments. Specialized Property Management Atlanta has streamlined its rent payment and evictions, so they happen efficiently and in compliance with the law. When you choose us, you are choosing a professional team that offers consistency and reliability when it comes to move-ins, move-outs, and tenancies. We also have cost-effective and reliable maintenance teams and vendors who have quick response times.

Stop wondering, “how do I rent my home out?” and put your trust in Specialized Property Management Atlanta. We offer our clients a 24-hour hotline, regular interior and exterior property inspections, and online reporting so you can stay 100% in the know from anywhere in the world. No property is too large or too small. Get a better return on your multi-family investment property by calling Specialized today.

Evictions: Protect Yourself

EVICTIONS.mp4 from RISE Strategic on Vimeo.

Evictions are one of the top 3 reasons why property owners hesitate to rent out their homes. It can be a terrifying process running the numbers and trying to account for all of the “what-ifs.” Even the best property management companies in Atlanta, GA, can’t guarantee your property won’t have an eviction, but Specialized Property Management Atlanta has an Eviction Protection Plan which helps protect you from expensive legal fees in the event of an eviction.

What Triggers an Eviction?

While property managers should always conduct a rigorous screening process for rental applicants, evictions are always unexpected and expensive. Some of the reasons we’ve seen evictions include loss of income creating nonpayment of rent, prolonged illegal activity on the property, or lease violations. While regular inspections of rental property to lower the risk of lease violations leading to evictions, not every factors will be readily apparent..

Legal Fees Add Up Quickly

Filing an Unlawful Detainer (aka eviction) immediately activates the cash register for your attorney. The eviction process should always be from a legal standpoint and never a personal decision. If residents contest an eviction, it can take months to resolve, and even the best property management companies in Atlanta GA could feel the pain on their financial statements. Specialized Property Management Atlanta always makes certain that Unlawful Detainers are executed in compliance with the law to prevent even more fees and penalties.

How You Can Protect Yourself

To protect our homeowner clients and keep their cash flow high, we offer a comprehensive Eviction Protection Program. Our program is available for any tenant placed by Specialized Property Management Atlanta. It requires a low monthly fee for each property and, in turn, Specialized Property Management Atlanta will pay the filing, court costs, and legal fees in the event we have to file an Unlawful Detainer for your property.

Specialized Property Management Atlanta is one of the best property management companies in Atlanta, GA, and reduces your financial risk while increasing your peace of mind. Call us today to learn how you can make your rental property more stable and reliable by protecting yourself from an unexpected eviction.

5 Easy Steps for Property Inspections in Atlanta Residential Property Management

Have you ever conducted a walk-through of your vacant property only to find out your previous tenants trashed the place? Holes in the walls, leaking pipes that went unreported, damaged window screens, mildew in the bathtubs, cockroach infestations, heavily stained carpet…it can be an overwhelming and upsetting feeling. Atlanta residential property management company, Specialized Property Management Atlanta, wants to prevent this as you engage in the residential rental property game.

Regular Property Inspections

With years of experience in the property management industry, we’ve come to find that regular walk-throughs and checks on the property–not just on move-out and move-in–can save property owners from a lot of headache upon the turnover process. With Specialized Property Management Atlanta, you can be sure your property is in good hands. We conduct quarterly and semi-annual property inspections to catch maintenance and other concerns before they become big problems. We deliver a written Entry Notice form that communicates our inspection schedule to tenants.

Communicate Expectations

It’s crucial that our renters know what is expected of them at the time their lease agreement is signed. Specialized Property Management Atlanta clearly communicates proper care and expectations of our renters to ensure your property is respected. If your current Atlanta residential property management company isn’t able to clearly communicate proper care and expectations to your renters, give Specialized Property Management Atlanta a call today.

A Picture is Worth a Thousand Words

Upon both move-in and move-out, we take photos of the property to protect you from liability. We document through pictures and writing that your property was adequately cleaned and maintained during the turnover process and that it was in an acceptable condition to be rented. We feel it is also important to take photos after residents have vacated to document any damage to the property. This protects homeowners from disputes when disbursing the security deposit.

Regular Maintenance by Atlanta Residential Property Management

Upon entry, we inspect all appliances, water heaters, furnaces, air conditioners, plumbing, electrical, and any other mechanical systems. If any of these items need repair, we schedule proper vendors or maintenance crews as soon as possible. We also ensure your renters comply with their lease agreement. We check for proper occupancy numbers and pets.

If you are in the market for an Atlanta real estate management company, give Specialized Property Management Atlanta a call today to see how we can protect your property.

Atlanta Real Estate Management: How to Get Your Property Rent-ready

Like any landlord, you’re eager to fill vacancies, and quickly. However, Specialized Property Management Atlanta knows many property owners take costly shortcuts to fill a vacancy.  After all, days a house sits vacant are days rent isn’t being paid.  However, if a house isn’t ready to show, you may turn off more qualified tenants and have to settle for ones that may be risky or problematic, which may cost more in the long run. At Specialized Property Management Atlanta, we know how to get your home rent-ready as efficiently as possible upon move-out of the previous tenant.

Curb Appeal in Atlanta Real Estate Management

One of the first things prospective applicants will see when they arrive at your property is the exterior. Specialized Property Management Atlanta doesn’t cut corners when it comes to curb appeal. We inspect for properly working sprinkler heads, plants and healthy grass, no broken-down vehicles or appliances, litter, graffiti, and any maintenance concerns that could ruin that first impression as people approach your front door.

Functioning House

In addition to being visually attractive, it is important to inspect all properties for functionality. Atlanta real estate management team, Specialized Property Management Atlanta, checks for plumbing and electrical repairs, habitability (pest or mildew) issues, tests all appliances and smoke detectors, and also re-keys each property. This ensures the safety of our future residents while also removing liability from the property owners. It’s also required by law.

Leave a Good First Impression

We work quickly to make sure your property is rent-ready as quickly as possible and never show the property while it is under construction or in the midst of the turnover process. Atlanta real estate management company, Specialized Property Management Atlanta, knows it’s hard for prospects to visualize themselves living in a place that doesn’t appear “homey” or welcoming. You can rest easy knowing that we remove any personal items left behind by previous tenants, including inspecting all storage areas, attics, basements, or garages. We also recommend using neutral colors that appeal to all applicants and keep utilities on (especially electric) so residents can accurately see the property and picture themselves living there comfortably.

Market Comparisons

It’s imperative that your rent-ready home is marketed at an appropriate price to avoid long vacancy times. Specialized Property Management Atlanta conducts market comparisons to see what other Atlanta property management companies and private owners are asking for similar homes.

Call us today to find out how we can get your rental property rent-ready in no time.

7 Tips to Finding More Reliable Tenants

Atlanta rental management companies know property owners are anxious to get new tenants quickly. But Specialized Property Management Atlanta makes sure you don’t learn the hard way by trying to fill your vacancies so quickly that you fail to get a quality tenant.

    1. Specialized Property Management Atlanta requires applications for all prospects who are 18 years and older. By doing this, we can reduce your risk by making certain all renters in your property are responsible for payments and gainfully employed.
    2. We verify income and require that the combined gross household income is at least three times the monthly rent amount. That means if the rent is $1850 each month, the combined gross household income must be at least $5,550. Some income proof that Atlanta rental management companies accept are pay stubs, tax return documents, or offer letters typed on official letterhead.
    3. Credit checks are essential to ensuring you have a quality and reliable tenant. Credit checks provide you with insight into how responsible a renter will be based upon their previous debts and bills. We recommend avoiding applicants with previous evictions and judgments on their credit checks.
    4. Rental history, like credit checks, allows property owners to converse with previous landlords of applicants and inquire as to what type of tenant they were. Some questions you can legally ask a previous landlord include the following: “Was rent paid on time?” “If not, how many late payments were received?” “Did the resident have any habitability problems?” Or “Would you rent to this resident again?”
    5. Criminal background checks let Atlanta rental management companies know if prospective applicants have had any run-ins with the law including problems with theft, drugs, or even violent and sexual offenders which could pose a threat to you and increase your liability and risk as a property owner.
    6. Contact personal references like friends, colleagues, family members, and employers. It’s always beneficial to speak with employers and colleagues to discover if you can depend on an applicant to take good care of your home and pay rent on time.
    7. Stay informed about housing laws. It’s imperative that Atlanta rental management companies don’t discriminate against applicants based on things like religion, race, sex, national origin, or marital status.

Give Specialized Property Management Atlanta a call today to make sure you avoid risky tenants who pay rent late, cause property damage, or pose eviction risks. With years of experience in the industry, you’re sure to get a trusted property management company through us.

10 Steps to Faster Leasing

The turnover process of tenants can cost you a fortune if you don’t have proper leasing and marketing strategies in place to help fill vacancies promptly. Fortunately, our real estate property management Atlanta, GA, team knows how to get your home rent-ready in no time.

    1. Prepare the home quickly. Upon move-out of a tenant, we immediately re-key the home, inspect the property for damage, maintenance needs or improvements, schedule vendors and maintenance accordingly, and install a lockbox on the door for prospective showings. Working quickly during this process helps ensure your home is ready for showings as soon as possible.
    2. Set competitive rental rates. Specialized Property Management Atlanta, uses local expertise in acquiring market comparisons to set a competitive rental price. We compare similar homes in the neighborhoods and based on rental rates; we ensure your property is not listed too low or too high. When we can market your property for a competitive price, we quickly fill your vacancies.
    3. Aggressive property marketing. We advertise rental properties across dozens of free websites to help attract only the most qualified tenants.  This is a key responsibility of real estate property management. Atlanta, GA, prospects can view pictures and written details of the property.
    4. Respond to all inquiries.  Specialized Property Management Atlanta answers rental inquiries quickly. We post “For Rent” signs in front of the property with our phone number and always answer the phone when it rings. If we accidentally miss a call while out on a showing, we call back as soon as possible.
    5. Professional property showings.  We schedule showings with our experienced real estate property management Atlanta, GA, team of leasing agents.  They’re each committed to finding you reliable tenants.
    6. Keep applicant pool. Specialized Property Management Atlanta collects applications from as many prospects as possible to ensure you are getting the most reliable and qualified candidate as your renter.
    7. Thorough tenant screening.  A thorough screening process gives you information on a tenant’s  background like criminal history, credit scores, employment verification, and rental history.
    8. Get you the best possible tenant.  We always select the best tenant based on the screening factors. The better the tenant, the more likely they are to stay long term and treat your property with respect.
    9. Clear lease agreements.  When it comes to the lease signing and move-in, we always set the expectations clearly and explain the rental agreement
    10. Exceptional service after move-in. We have a 24-hour hotline for both owners and residents, ensure rent gets collected for your property, and any maintenance requests are fulfilled in a timely manner.

You can trust our real estate property management Atlanta, GA, team to keep your property profitable. Call Specialized today.

3 Steps to Better Communication with Atlanta Property Management

You may have heard that one of the best keys to having a successful marriage is communication. Well, same goes for property management companies and property owners. It’s pivotal to the success of leasing properties, fulfilling maintenance requests, and knowing how things are going financially. Below are 3 easy steps to create better communication with your Atlanta property managers.

  • With Specialized Property Management Atlanta, clients have an online owner portal where they can access information about their property from everywhere in the world. All you need is an internet connection. You can view every detail about your rental property including financial statements, rental payment history, property photos from the latest property inspection, outstanding or fulfilled maintenance requests, or security deposit disbursements.
  • Specialized offers a 24-hour hotline for property owners who hire our Atlanta property management team. We can address any urgent owner concerns, and even tenant maintenance emergencies, through this 24-hour call service. Having open communication at all hours of the day allows us to be a top choice for homeowners.
  • When your property is undergoing the leasing process, you can expect weekly updates on leasing progress. This includes marketing strategies, phone call inquiries about your property, showings to prospective tenants, and any applications that have been submitted. We also welcome discussion with property owners regarding rental rates as we compare market comparisons in the area to ensure you are getting top dollar for your property.

Communication goes both ways. Specialized Property Management Atlanta, wants to be the trusted partner, in your corner. You are always welcome to call us, any time. Real-time communication is what property owners can expect from Specialized Property Management Atlanta. Look no further in your search for Atlanta property management companies. Call us today to find out more.

5 Keys to Cost-Effective Maintenance

All homeowners want their tenants to stay long term, pay rent on time, and show respect for their property. A good way to keep your profits high and limit turnovers is to respond quickly to maintenance requests.  Even with rental property management companies, Atlanta investors know there will still be repairs from time to time. Here are five keys to keeping your maintenance costs low.

  1. Prepare property in between tenants. During the turnover process, try to do as much maintenance as possible to prevent future bigger problems and to give yourself and your future tenant the most convenient and effective work hours. When residents move into a well-maintained property, they are more likely to respect it because you do. Make sure all repairs are up to code.
  2. Plan ahead for maintenance costs. A good rule of thumb is to set aside 1 to 2 month’s rent amount to cover future maintenance, according to rental property management companies. Atlanta landlords understand that when you plan, you can afford to fix problems before they become worse and end up costing you more money. Another good way to ensure you have funds for maintenance, is to set a yearly budget. If you know a laundry machine is old and likely to break down within the year, set the money aside now so you can replace it quickly before tenants get angry for paying for a service that isn’t accessible.
  3. Be proactive. Take preventative measures and stay up on seasonal and regular property maintenance like getting your rain gutters cleaned out before rainy season to prevent flooding, cleaning out dryer vents to prevent fire hazards, routine smoke detector checks to limit your liability, and annual or biannual fire extinguisher service.
  4. Respond quickly. By being available to your tenants, you reduce your risk and liability while your residents stay happy and safe. Rental property management companies, Atlanta, usually have a 24-hour maintenance emergency hotline that residents may call in case of a maintenance emergency. Time is of the essence in some cases.
  5. Get discounts and bids on service. When hiring a property management company, you will likely get discounts on maintenance service from vendors, and we can also help you receive accurate bids on projects.

Specialized Property Management is one of the top rental property management companies Atlanta has to offer.  Specialized has experienced property management teams to steer you in the right direction, depending on the needs of your property. Call today to learn how we can help you stay prepared.

10 Rules to Avoid Legal Problems

Let’s not beat around the bush – lawyer fees are costly and nobody wants to be at the center of a lawsuit. These fees can quickly eat away at profits and that’s why it’s so important to have rental property management. Atlanta, GA, homeowners trust Specialized Property Management Atlanta. We are knowledgeable about state and federal laws and have years of experience which helps reduce your risk of lawsuits. Below are ten ways we can help you keep the cash in your pocket instead of your lawyer’s pocket:

    • Don’t discriminate: The Americans with Disabilities Act states that you, as a landlord, cannot discriminate against people with disabilities. Residents who require improvements and adjustments based on their disabilities may request these in writing to rental property management. Atlanta GA, landlords, however, can require the tenant to restore the property back to its original condition. And remember, you cannot charge for service animals nor inquire what the disability is that requires the service animal.
    • Be Fair: The Fair Housing Act protects prospective tenants from landlord discrimination based on their race, color, sex, national origin, religion, handicap or familial status. Some states have added additional protected classes and violations of The Fair Housing Act can cost tens of thousands of dollars. Some companies even send out fake prospective tenants called “Secret Shoppers” who pretend to be looking for an apartment to ensure you are following fair procedures and not showing favoritism to any classes.
    • Habitability Laws: These laws state that Atlanta property management must provide safe and comfortable living environments for their tenants. For example, if you have a leak and can’t figure out where it’s coming from, don’t grab the nearest sledgehammer and open up walls trying to find the leaking pipe. Protect yourself from liability and hire licensed companies who have workers comp and limited liability insurance policies.
    • Be licensed: Ensure that you avoid legal pitfalls by having a valid real estate license.
    • Time is of the Essence: When Specialized Rental Property Management Atlanta, GA, is in charge, we respond quickly to maintenance requests and emergency situations. It’s important to us to always be available to our tenants and use call centers so we can accept maintenance emergency calls 24 hours a day.
    • Show me the Money: We always handle security deposits, application fees and rental payments properly.
    • Record Keeping: Specialized Rental Property Management Atlanta, GA, makes detailed notes on software systems like YARDI with when and how we responded to situations with tenants. We can date and time stamp our records limiting you and us from lawsuits.

Call Specialized Property Management Atlanta today for a quote to manage your property.

4 Steps to Better Rent Collection

You’ve decided to rent out your house, condo or even a larger multi-family complex, but the fear of the unknown has you trembling in your boots. Will my tenants pay rent in full each month? Will it be on time? What if they damage my property? Will they follow the rental agreement? It all comes down to rent, but it’s not that simple. We are here to help make the process go smoothly and here’s how:

  • Rigorous screening process: not just anyone will be allowed to live in your rental. Atlanta property management companies make sure applicants financially qualify with verified income proof, have good credit scores, and positive rental history among other things. Rigorous screening is the best place to nip an eviction in the bud.
  • Communicate clearly: you can’t expect a tenant to follow the rules they don’t know. That’s why it’s so important to communicate the rental agreement clearly. Property Management not only gives your future tenant the opportunity to read over the entire agreement, but Atlanta property management companies explain it to tenants in a clear way that everybody of all education levels can understand. If a tenant has not paid rent on time, they will be served a 3 Day Notice to Pay Rent or Quit. If those three days expire and there is still no rent payment, an Unlawful Detainer may be filed to proceed with the eviction process.
  • Technology is our friend: in this fast-paced world, property management companies need to keep up with the times. Tenants now have the opportunity to pay rent online through our tenant portal. They can create a username and password for our site to pay rent or request maintenance. If a tenant does not pay rent on time, our system will immediately alert us so we can collect in a professional manner.
  • Be friendly, not friends: Atlanta property management companies always keeps interactions professional and not personal. While we want our tenants to like us, we also need to do our job. We clearly and politely notify tenants who have not paid rent to please pay as soon as possible.

You can trust Atlanta property management companies to get the job done and the rent collected so you can kick back and relax while we do the dirty work. Specialized Property Management Atlanta has years of experience and a proven process to keep the rent flowing in each month. Call today and find out what Specialized can do for you.