Property Management Services, Montgomery County, Maryland (MD)
Property Leasing
- Step one in renting your property upon hiring a property management company is to determine fair market rental value of your rental property. Our team of experts will research both properties currently for rent and those which were recently rented. Utilizing their vast experience they will help you determine the highest reasonable rental price for your property.
- Step two is attracting quality tenants who will take good care of your property and promptly pay the rent. We advertise on hundreds of Internet web sites including but not limited to:
Craigslist, Facebook, Zillow, Trulia, Yahoo, Military.com, Remax.com, Realtor.com, AOL Real Estate, BackPage.com, Enormo, Geebo, HGTV Front Door, Homes.com, Hotpads, LiveLovely, MapLiv, MSN Real Estate, MyNewPlace, New York Post, Oodle, RentBits, RentMatch, Rentenna, RentJungle, Trovit, Vast, Walkscore, Yakaz, Zumper.
- Step three is a careful background check of prospective tenants. Some firms only run a credit check. Our procedures go much further and include a check of the courthouse records for previous eviction suits, a wanted fugitive search, verification of their social security number, employment verification and previous rental history verification.
Property Management
The Property
As your property management company, we inspect your property and supervise repairs whenever necessary. We keep repair costs as low as practical to maintain property value and comply with local laws. Our vast property management experience enables us to foresee many likely problems and avoid them. We have contacts with quality repairmen who charge reasonable rates and supervise them to ensure economical repair costs.
The Tenant
We secure the tenant’s agreement to pay rent and take care of the property with our ten-page lease form which has been specifically written to protect the owner’s interests. We strive to maintain cordial tenant relations although bearing in mind that our job is to represent the best interests of the property owner. Although rarely necessary due our rigorous screening procedures, we promptly file for eviction if the rent is not timely received. We track lease expirations and keep abreast of market conditions so that rent can be timely increased if prudent to do so.
Property Sales
Should the time come to sell your property we can supervise any necessary repairs to make the property look its best. We will research both currently available properties for sale as well as sales that have recently closed to enable you to set the highest reasonable price. We will aggressively market the property to secure a serious buyer and process the transaction to get you to a smooth closing.
When you are ready to invest in additional properties we can help you locate the best investments and negotiate favorable terms.
We have wide experience in IRS Section 1031 (Starker) exchanges if you wish to avoid paying capital gains taxes.