Property Management
ScottWay Capital – Property Management – Maximizing Your Investment!
In the current market, now more than ever, it is essential that you safeguard your real estate investment. Whether you manage your income property or you hire a property management company on your behalf, the same fundamental concepts apply. The elements of a successful property manager are: their ability to lease and sell the property, the company’s skill in preservation and maintenance, the essential skill of accounting and knowledge of the current laws that affect both tenants and owners, and the overall ability of the property manager to maximize the return of the client’s investment.
Are you looking to leverage your time with a property manager that understands your needs? Although there are several San Diego property management companies, only a handful possess the knowledge and experience to successfully market, maintain and account for your valuable investment. Ultimately, when choosing a property management company, a successful property manager’s costs are outweighed by their benefit.
When choosing the right property management company, consider the following:
Marketing
Industry resources, market knowledge, and sales experience separate the amateur from the professional. To get maximum value for your investment, you need a company that knows how to market and sell your property. To insure long lasting tenants, you need a property management company takes the time to address the needs of your prospective tenants even before the lease is signed.
Transactional Law
Are you and the other principals aware of all of the state and federal laws that affect your income producing property? Many property owners don’t realize that there is a maximum on what can be collected for a security deposit. This is just one example of the importance of knowing current laws governing lessor/lessee transactions. Because of the laws that affect tenant rights, it is important that your property manager be up to date with existing state and federal laws.
Property Care
With the passing of time, your need to maintain, preserve and improve your real estate will be critical. Property left unmanaged, deteriorates with time. To insure the growth of your investment, your property manager should have a basic understanding of construction, a network of useful contractors, and vendors.
Accounting
On a monthly basis your property manager will be processing the income and expenses of your property. Every month, as your lease specifies, you will be receiving monthly rent checks, and on occasion there will be expenses. It is the job of your property manager to collect rents and disburse funds as the property management agreement dictates.
A variety of skills are required to successfully manage income producing property. To maximize your investment and free up your time, you need a property management company that is multi-faceted and can handle the various elements of managing and growing your investment. When you contract with ScottWay Capital, you have the benefit of a property manager with experience in real estate, appraising, lending and property preservation.
When you choose ScottWay Capital, we will do the following for you:
- Market and Rent your piece of real estate
- Adhere to state and federal tenant laws
- Handle tenant evictions
- Collect and process payments
- Account for property income and expenses
- Provide monthly accounting statements for our clients
- Dispatch maintenance professionals and handle repairs
- Inspect property on a quarterly basis for condition assessment
- Oversee improvement of the property on an as needed basis
- Provide you online access to your account 24 hours a day, 7 days a week
Above all ScottWay Capital will help you grow and protect your investment!
To get a free property evaluation and estimate of costs for our property management services call (619)209-3544 – or – Email your questions to Morgan@ScottWayCapital.com
