Every Kansas City property management company you talk to will have a different way of defining who they are and what they do. Just about every property manager will collect rent, find tenants, and respond to maintenance. These are things you should expect.
However, if you’re an investor interested in growing your portfolio and maximizing what you earn, you’ll need something more from a property manager.
At Donley Carver, we’re a Kansas City property management company that can help you with all of your residential real estate needs. We’re here when you want to buy and sell. We’re here when you want to rent out the home you once lived in or the home you’ve just bought.
When you’re looking for full service leasing, management, and maintenance services, take the time to find out exactly what you’ll get in exchange for your fees.
These are some of the general things any investor should expect from a full-service property management company in Kansas City.
Investment Advice and Identifying Opportunities
You should expect your property manager to understand your investment goals. Maybe you’re only renting out one home and you want to earn as much as possible on that property. Perhaps you’re interested in growing your portfolio and you’d like some help identifying new properties that are available and would make good rentals. Expect your property manager to set you up for success, whatever you’re hoping to accomplish.
Your brokerage team should help with every part of the real estate investment process. This includes helping you understand how much rent you’ll earn and how long it will take to rent the property out. It includes estimating the repairs and work that will be required to prepare the home for the rental market. It includes direction with financing, insurance, and assistance in closing the deal.
Marketing, Leasing, and Screening: Kansas City Tenants
Property management in Kansas City should start with finding and placing a great tenant. Your property managers will first help you prepare the property for the rental market. You will discuss pricing and settle on a rental value based on the market, the competition, and the amount that good tenants are willing to pay. High quality marketing photos will be taken, and a listing will be created that’s designed to attract as many prospective tenants as possible.
Expect your property manager to respond to phone calls and messages from people who may be interested in seeing the home. There should be in-person showings and strict tenant screening. Once a tenant is approved for your property, a full-service property manager will collect the move-in funds, handle the lease-signing, and conduct a move-in inspection to document the condition of your property before the tenant takes possession.
Kansas City Property Management and Maintenance
After a tenant has been placed, you can expect your property management company to handle the day-to-day details involved in the effective and efficient management of your home. This should include:
-
- Rent collection
- Lease enforcement
- Tenant communications and relations
- Accounting and bookkeeping
You should also expect your property manager to maintain your investment property and protect its condition. Your property manager will be available 24 hours a day to respond to emergency maintenance calls from your tenants. There will also be a plan for routine maintenance, and you’ll have access to the company’s preferred vendor list.
Ideally, you’ll work with a management company that cares about preventative maintenance. Having a preventative maintenance plan in place can save you money and help you avoid the headaches that come with large and unexpected repairs.
These are just a few of the things you can expect from your Kansas City property management company. If you have any questions or need any help, please contact us at Donley Carver Investment Properties. We work with homes North of the River and in communities such as Liberty, Parkville, Gladstone.