Your rental property requires hands-on management services to ensure the ultimate tenant experience. Most landlords recognize that their role is rarely a 9-to-5 job. As a building owner with rental tenants, you’re likely to receive calls on weekends and in the evening when equipment problems arise and tenants have questions.
Property management teams offer comprehensive support to the hands-on rental property owner, and a custom management service can offer a premium solution to your management needs.
Let’s explore the many benefits of a custom rental property management service.
Maintenance Specific to Your Building
Unlike packaged services, a custom approach to property management means you can select only the services that your properties and tenants need. Whether you only need building repair services or you’re just looking for administrative support, custom management strategies help you allocate resources more effectively.
A custom rental property management company can build the ideal service for you by analyzing your building, its maintenance history, and future needs. Then create a custom service that aligns precisely with these building needs for years to come.
Management Services that Align with Your Business Goals
The custom property management service you select can also align with your short and long-term business goals. For example, if you’re on the path to retiring in the next five years, you can build a package that significantly enhances the value of your property over the short term, ensuring the best possible terms for your retirement plan when it comes time to sell your investment. For more information, we also explained a little more about the role of property management companies in a recent post.
Services Built to Qualify and Retain Local Tenants
The needs of tenants in a downtown high-rise in Vancouver are likely to be different from those in a single-family home in Penticton. Your BC property management company should be able to build a custom management package that meets the needs of the tenants within your local marketplace.
In building your custom management plan, the company can offer custom marketing and tenant qualification services that help you precisely target your ideal tenant profile. Once the tenant has signed their rental agreement, the company can then continue to manage the day-to-day operations within the building for the ultimate in local tenant retention services.
Questions to Consider When Analyzing Custom Management Services
Working with a rental property management company in building a custom management service can help you expand your property’s reputation and improve the day-to-day experiences of your tenants.
Consider the following questions when reviewing the industry options:
What are my business goals?
What are your main priorities as a business owner? Is your aim to be able to sell the building for a profit in the next year? Or to reduce your role in the management of the building? Make sure your custom rental property management company understands your goals and has a clear plan to help you accomplish them.
What challenges do I face?
The challenges within your local rental marketplace are often unique to your business and your community. When assessing custom rental property management services, pinpoint your most pressing challenges and find a management service that helps resolve them.
What level of communication does the management company offer?
Your property management company should be able to provide you with direct, regular communication about their services and progress in meeting your requirements. Ensure the management company has a clear documentation and reporting process and that you’re comfortable with the steps in this process before signing an agreement.
Book Your Custom Property Management Proposal
Pacific Quorum offers custom property management services built exclusively for your buildings and tenants. Whether you own one townhouse complex or a number of single-family properties throughout British Columbia, we can accommodate your management requirements and build a comprehensive custom service. Ready to speak with a property management specialist? Book your free proposal today.
