Choose a Professional Property Manager You Can Trust
Choose Real Property Management Viking in Minneapolis, MN
Over 60,000 property owners nationwide trust Real Property Management to manage their single family rental homes and multi-unit complexes.
Real Property Management is North America’s largest residential property management company. We have spent over 30 years honing our systems and processes and re-engineering the way property management is done. Our responsive team of highly-trained specialists is prepared to meet the extensive demands of property management – 24 hours a day. From evicting troublesome tenants to maintaining your property, we know what works, what rents, and how to get more from your property-with less interruption for you. We have the knowledge, licensing and insurance to save you money and avoid costly mistakes.
Residential property management can be a difficult business, which is why more investors are leaving their properties in the hands of professional managers. Whether you own one home or a large portfolio of investment properties, Real Property Management has the expertise you can count on and trust.
Real Property Management Viking oversees the maintenance, administration and operation of rental properties. Examples of our work include advertising properties to find tenants, rent collection, covering overheads and taxes while keeping rents affordable, and adhering to rental rules.
Real Property Management Viking takes care of the physical upkeep of properties, including emergency repairs and ongoing maintenance. Often, we manage the budgets for buildings and keep vital records for tax purposes.
Whether you have recently become a landlord or have been renting out properties for years, enlisting the services of Real Property Management is highly recommended. This is particularly true if you are sick of handling maintenance calls over the weekend. Hiring Real Property Management will make your life easier in several ways. Here are 5 reasons landlords need Real Property Management:
1) Faster Rates of Occupancy
Real Property Management will pull out all the stops to prepare your property for tenants. We will check that it is presentable and satisfies all legal criteria. Then, we will list it on well-known rental websites, so lots of prospective tenants will see it. When a tenancy comes to an end, Real Property Management will help tenants leave promptly and ensure that your property is kept in good condition. If necessary, we will carry out repair work, so new tenants can move in straight away.
2) More Trustworthy Tenants
Screening tenants can be rather challenging, and – if you are an inexperienced landlord – you could select an unreliable tenant. The primary issue with unreliable tenants is that they might not want to leave your property, once you decide you want to replace them. Real Property Management uses screening processes that have stood the test of time. This allows you to choose tenants who will pay their rent on time, rent long-term, cause minimal damage to your property and behave well.
With over 30 years of experience, Real Property Management has processed countless tenant applications. As a result, Real Property Management can analyze data about prospective tenants quickly and spot warning signs. Using Real Property Management to deal with tenant screening also protects you from rental scams designed to defraud landlords.
3) Reduced Maintenance Expenses
Suffice to say, there will be occasions when technical issues arise on your property. For example, the dishwasher might malfunction, or the boiler could break down. In these situations, it is important to act fast – however, this is hard to do if you are busy, taking a weekend break or at work. Also, it can be hard to find a qualified person to resolve the issue. Real Property Management has its team of maintenance staff, who can keep the appliances in your property working correctly. This is a more cost-effective option than using third-party contractors. Better still, the maintenance staff will get to know the tenants and make sure that every problem is handled professionally. Tenants will appreciate it if you keep everything in good working order, and doing this also preserves your property’s value.
4) Compliance With Safety Laws
Before you can lease your property out to tenants, there are several safety measures you have to take. Also, you need the right quantity of smoke alarms and carbon monoxide detectors. Real Property Management is familiar with all existing safety legislation and can organize the right inspections to be done. Also, Real Property Management can carry out the work necessary to address any problems that are discovered. This way, you can be sure that your property complies with the law.
5) Less Paperwork and More Convenience
Real Property Management will provide financial services to a landlord. This can include arranging payments for the insurance, mortgage, lawyers and tradesmen. Also, Real Property Management will produce reports each year, detailing a rental property’s expenditure and income that landlords can use on their tax returns. And can help landlords record their taxes and advise them about relevant deductions. The reports show the monthly profits made from each property in a landlord’s portfolio.
Expenses that have been incurred during the tax year are itemized on these reports. Moreover, hiring Real Property Management minimizes the chance that you will get something wrong and leave yourself exposed to legal action.