Maximize Your Return on Investment
Every day your property is vacant, you lose money… Not just rent, but all the other carrying costs to maintain the property. Both those who have used a property manager before and those who have not will quickly learn the value of hiring Real Property Management Viking. Here’s why.
Preserve Your Property
Taking care of your property is more than just collecting rent or paying a property manager to watch over it. You want to protect your investment and to make the most money. We guide you in understanding how to make your property more attractive to higher quality tenants paying higher rents.
Your home’s value is important not only while it is a rental, but also for long-term property appreciation.
Shorter Vacancies and Quality Tenants
Owners who manage properties themselves, incur longer vacancies than those that are professionally managed – up to 18 days longer on average. For each day a property is vacant, it’s money out of your pocket, not just in Rent, but in Utilities, Insurance, Lawn Care- money you will never recover.
We plan the turnover well in advance to get repairs completed immediately or before the tenant even moves out. We spend thousands of dollars advertising vacancies with hundreds of websites to get them filled—faster. Placing the wrong tenant in your rental home can also cost you– on average, 4 to 6 times the monthly rent rate. We screen tenants thoroughly to make every effort to find reliable tenants who will pay rent on time and treat your home like it was their own.
If you don’t understand how your property is managed, it could cost you thousands of dollars.
Collecting rent and maintaining your property is easy for us. The hard part is increasing the investment performance of your property or portfolio. The number one driver of poor performance? Vacancies.
But losing rent each month is only the beginning. Let’s take this equation into consideration:
(4.9% Vacancy Rate) + (54% Rental Turnover) = 33 Days of Lost Rent
33 Days of Lost Rent = a Total Loss of 9.2% Annually
Every day your property is vacant, you may also incur additional costs. Services providing during tenant turnover include:
- Leasing Commissions (8.3%)
- Snow Removal/Lawn Maintenance (0.4%)
- Utilities/Insurance (1.8%)
- Cleaning/Repair/Replacements (3.3%)
Those costs add up to 13.8% of the annual rent.
If your average rental turnover is 54%, that means one of every two tenants will leave each year. That’s going to cost you $1,987 in lost rent and $2,980 in services. Add that all together and the total cost of each turnover comes out to $4,968.
Frequently Asked Questions On How to Maximize Your ROI Through Professional Property Management
How does professional rental property management increase overall return on investment?
Who typically rents homes in Pittsburgh?
Demand is driven by a broad mix of students, healthcare and university employees, young professionals, and relocating households drawn to the region’s major medical centers and research institutions.
Pittsburgh’s distinct, walkable neighborhoods each carry their own identity and rental demand, so accurate, neighborhood-level pricing and marketing matter. Matching the right tenant to the right property up front is what keeps occupancy steady and turnover low.
Is hiring a property manager worth the cost for a single rental property?
Yes. A single prolonged vacancy, poor resident placement, or unaddressed maintenance emergency can quickly erase an entire year of rental profits.
Real Property Management Viking provides full-scale operational oversight, vetted vendor discounts, and systematic screening that help single-property owners avoid costly tenant turnover, legal missteps, and expensive property damage.
How does resident screening impact rental profitability and cash flow?
Placing an unqualified resident can cost an investor between 4-6 times the monthly rental rate in unpaid rent, property damage, and legal fees.
Real Property Management Viking conducts comprehensive credit, criminal, employment, and rental background checks to place dependable residents who pay on time, reduce turnover, and care for the home.
What is the true cost of rental vacancy for property owners?
Vacancy costs extend well beyond lost monthly rent. While a property sits unoccupied, owners must cover ongoing carrying costs including utility bills, property insurance, winterization, snow removal, lawn care, and marketing fees.
Factor in turnover cleaning and repairs, and an average vacancy can consume over 13% of gross annual rental revenue.
How does routine property oversight protect long-term appreciation?
Maximizing total yield requires protecting the underlying physical real estate asset.
Real Property Management Viking conducts periodic rental property assessments to identify plumbing leaks, HVAC performance issues, and exterior wear early.
Resolving minor issues immediately prevents high-cost emergency repairs, maintains compliance with local licensing codes, and preserves the market appeal needed to command top rental rates.
