Do I really need a property management company for my rental property?

The day you invested in a rental property, is the day you added to your list of responsibilities. Running and maintaining a rental property can be a demanding task(s) which could become overwhelming if you are not into it. For this reason many landlords prefer to leave the running to a professional property management company. But is this the right decision for you? Here are some points you may want to consider:

 

  • Are you cut out to manage a rental property? If you are fresh into property investment you might find the operating details a bit daunting. Collecting rent, for example, might see a simple, straight-forward task but it could well turn out to be a painful exercise. While some tenants are no problem at all, others can be difficult. If they acquire a hint of your inexperience they’ll soon take advantage of it.

 

  • Additionally, maintenance of your rental property can be demanding. If you are working at the same time you’ll find it difficult to address tenant concerns and carry out repairs in a timely manner. If you face this problem then property management is the perfect solution for you.

 

  • How far is your rental property from where you live? If the rental property in which you have invested is close to where you live and work then life could be a lot easier. But if it’s far away it could be something of a challenge to travel there every time a problem arises. If it’s tough to visit your property regularly to tackle situations and work with tenant issues as and when they pop up then it makes sense to hire a local property management company.

 

  • What shape is your rental property in? If your property needs regular maintenance and repairs you might find yourself spending more time there than you do at your regular job. If you receive constant calls for repairs then the answer is to have a property management company attend to them. The problem is compounded if you have more than one property. Here is where professional maintenance and management will come as a blessing.

 

  • What services would you need? You should decide on the areas where you need assistance and select your property management company accordingly. For example, if you need only rent collection services then a full-service management company might not be for you. Remember that each additional service costs you money and eats into your profits so make your selection after due consideration.

 

  • Is the company dependable and friendly? Make certain about this first so that you are assured of a pleasant and reliable experience. Do some homework by talking to other landlords and learning from their experience.

 

A Property Management Company for the Ages

 

Talley Properties Inc. is an established property management company which operates out of Charlotte, NC but manages rental properties in many of the surrounding counties. The company offers full-service management services but also accepts customized contracts. Its specialty is in mid-range to high-end commercial and residential properties. Talley Properties has been providing real estate management services to the community for over 30 years now which makes it one of the oldest professional property management companies in the Charlotte region.

What do we at Talley Properties really do?

You probably think that we list a number of properties on our website then sit back in our office and wait for the phone to ring. Being Charlotte, NC’s premier property management company, at Talley Properties life’s not so rosy. Let’s take you through a typical day.

 

Our Role

 

As property managers, our landlords expect us to take care of the properties they entrust to us. This means looking after them physically and being their front in tenant relations. We represent our landlords and liaise on their behalf with their tenants. If a property falls vacant it’s up to us to find a new tenant – that’s part of our commitment to our landlord clients. And if a property needs attention – like a house for rent for example, then it’s up to us to take care of it. That’s our obligation to our clients’ tenants.

 

Our Dedicated Service is what makes us Special

 

At Talley Properties we look after a whole raft of properties spread across a good bit of North Carolina surrounding Charlotte. We operate from Northern Mecklenburg in the north, to York and Union Counties in the south, and from Cabarrus in the east to Gaston County in the west. Click on http://talleyproperties.com/ for a more detailed regional listings locator. We specialize in mid-range to high-end commercial and residential rental properties which we have been handling since 1980, so we’re not short on experience.

 

Our Dedication Reigns Supreme

 

Now when you’re a large property management company covering a wide geographic area, you have your work cut out for you. Apart from physically taking care of properties which include rental homes and apartments there’s an alarming amount of paperwork to keep on top of. Our managers need strong organizational and communication skills together with a talent for numbers. It’s quite a challenge being a manager at Talley Properties because the buck stops there. Our property managers have had to face every type of situation that could possibly arise from flooded basements to cranky heating systems, fires, and burglaries. Being a property manager at Talley Properties isn’t for the faint-hearted. Our managers are all proactive and not reactive. They anticipate, and like boy & girl scouts, are always prepared.

 

Our Scope Reaches Far and Wide

 

At Talley Properties we offer all management services that our clients require. We screen and tenant homes and condos for rent, collect rents, maintain the property, coordinate garbage removal – the list goes on. We even prepare budgets, pay taxes, and list properties. There’s no service we don’t provide for our clients. If you have a rental property on our beat which needs management, come to us and let’s tell you what we can do for you.

There’s More to Property Management than Meets the Eye

Talley Properties Inc. in Charlotte, NC. is one of the oldest property management firms in the city. Over the years by dint of hard work and commitment to its clients, it has grown and has expanded. Its area of operations now covers properties in most of the surrounding counties.

A Company with Staying Power

Talley Properties’ expertise is in management of midrange to high-end residential and commercial properties which it has specialized in since 1980. It offers full service management to investors and landlords, and assists in all aspects of real estate including property purchase. This firm can afford to provide top-quality services because of its in-depth knowledge of the real estate market in the Charlotte region and its vicinity.

Making Your Life Easier

Many entrepreneurs and new investors to the property market, unaware of the complexities involved, quickly become disillusioned with some of the seemingly overwhelming problems that arise. But they need not go through the mill if they leave the day-to-day management to a seasoned firm like Talley Properties.

Hard Work Pays Off

This management firm strives to provide excellence in service to its clients in an endeavor to forge enduring bonds. It works tirelessly to deliver results and provide its clients with the optimum return on their investment. Talley Properties has a goal to encourage investors to the area and to make investing in the Charlotte region of NC a profitable and seamless venture. Here are some of the ways in which it provides investor service:

  • Maximizing profits by securing the highest rent possible on the investor’s rental property
  • Ensuring as brief a turn round as possible of vacant property for quick re-rental
  • Aggressively marketing the property rental through MLS, internet advertising and other avenues
  • Minimizing maintenance expenses through in-house facilities or through known vendors and contractors
  • Speedily attending to maintenance calls from tenants and providing personalized service
  • Attending to tenant complaints diplomatically
  • Supervising and approving all major repairs to rental homes and condos
  • Preparing lease contracts conforming to Fair Housing guidelines and real estate law
  • Closely screening prospective tenants including a credit and background check
  • Collecting security deposits, and monthly rents on the due date
  • Deducting expenses and depositing the balance to the property owner’s account
  • Personal move-in/move-out inspections with deductions from security deposit for damage
  • Providing detailed statements of income and expenditure on a monthly and annual basis
  • Conduction periodic surveys of the property and making recommendations to the owner about improvements and needed preventive maintenance which will increase the rental value and protect the property

 

Going the Extra Mile

Talley Properties adopts a flexible approach to its clients. If there are any services not mentioned or any not required, they will be happy to comply.

Making a Property Investment in Charlotte, NC.

The seat of Mecklenburg County, Charlotte is the largest city in North Carolina with an estimated population just short of 800,000. Population-wise, Charlotte is the17th largest city in the U.S. and the 2nd largest financial center after New York City. Charlotte is also the headquarters of a large number of the nation’s Fortune 500 companies and a major center of the country’s motorsports industry. The steadily growing Charlotte Metropolitan Area is part of a larger thirteen-county labor market region with a population of about 2.5 million people.

A Vibrant City

Of late there has been resurgence in the city’s economy which has prompted an influx of young professionals, couples with children, and retirees. Charlotte is a very livable city with a plethora of attractions and steadily increasing job opportunities. With its burgeoning financial status and improved connectivity, investors are beginning to look at Charlotte as a desirable property investment destination. With the inflow of white collar workers, home and condo rentals are witnessing a steady increase.

A Fantastic Property Management Company

Charlotte boasts a well-established real estate infrastructure among which is Talley Properties Inc. a three decade old Professional Property Management Company. Talley Properties has extended its operating area and now manages properties in many of the surrounding counties. It specializes in mid-range to high residential and commercial rental property management and provides a full range of services to all its clients, especially property investors.

The Best of Both Worlds

When you as an investor hire Talley Properties to manage your rental property you are assured that you are in the capable hands of a real estate professional and true industry insider. Talley Properties will assist you to capitalize on the growing North Carolina market. When you hire Talley Properties to do the legwork and manage your property you can reap the benefits of your real estate investment without the stress associated with it.

A Company of High Merit

Talley Properties has the infrastructure, the manpower, and expertise to manage residential or
commercial buildings. They liaise on your behalf with your tenants. They advertise and market your property, find tenants, screen them, sign lease agreements on your behalf and set and collect rents. Additionally they address maintenance issues, resolve tenant concerns, manage accounts and negotiate with contractors. Talley Properties is flexible. It has the capacity to do anything you want in regard to your property for rent according to the level of interaction you need.

All the Bases are Covered

While it does sound formidable, there’s a great deal more to property management which Talley Properties will take care of for you. For example, there’s the business of conducting periodic commercial tenant audits, maintaining cordial relations with tenants, conducting background and credit checks on prospective tenants, monitoring lease requirements by insurance companies, coordinating security and overseeing and supervising maintenance staff. Talley Properties keeps abreast of tenant and zoning laws, federal laws, tax information, property values and rental prices and everything else, property-related, which does not appear in the fine print.

When it comes to real estate and property management in the Charlotte region, nobody knows it better than Talley Properties Inc.

Why You as a Landlord need Talley Properties

If you own properties for rental in and around Charlotte, NC, then this article is for you. Talley Properties is one of the oldest professional property management companies in the Charlotte region and has been in operation for over three decades now. You might as a landlord possibly wondered whether you should hire a property management company or whether you can get by on your own with assistance from an employee such as a resident manager. But there are occasions when you need more help, and that’s when a professionally run property management company like Talley Properties could be an asset to you. Consider these points before you make this tactical and critical decision.

A Depth of Experience Worth Respecting

If you have a condo or home for rent in and around Charlotte, Talley Properties will take care of it for you. They’ll deal directly with tenants and prospects saving you bother and time over marketing your rental properties, rent collection, and dealing with maintenance and repairs. In addition, they’d relieve you of responding to complaints from tenants and will even pursue evictions. Talley Properties has been in the rental management business for over thirty years and brings with it a wealth of experience and know-how which will give you peace of mind comforted in the thought that your property is in the best hands. Lastly, when you hire Talley Properties, you’re hiring an independent contractor so you don’t have to go through the hassle of being an employer. Here are a few other poignant points to consider which make Talley Properties a necessity for you.

  • You will benefit significantly if you’re an investor with a number of rental units or properties. The more rental properties you own, the more you will benefit and the more it make sense to hand the keys over to Talley Properties.
  • If you live far from your rental property then hiring Talley Properties makes good sense. They’re in the vicinity with their own staff, and can handle any issue immediately. At times you do have crisis situations where your presence is required. Hiring a management company on call takes care of such emergencies.
  • If you are not a hands-on manager and you look at your rental properties as just in investment then a property management company is your solution.
  • Even if you are hands-on but don’t have the time then you need a property management company. It could be that you are employed somewhere and unable to spend the time that’s needed to properly manage your property.
  • If you hire an employee or a resident manager then you become an employer. Being an employer means handling payroll and complying with a plethora of other legal considerations and requirements. Talley Properties is an independent contractor with its own employees. This means that when you hire them you are relieved of all the responsibilities that go with being an employer.

Proper Property Management

Talley Properties manages rental home and apartments as far afield as Gastonia, Monroe, and Rock Hill. It has grown significantly since 2004 which has prompted the company to move to larger premises at Westport Road from where they will be better able to serve their clients and the real estate market. The company specializes in management of midrange to high end commercial and residential properties. You can reach the company at 704.332.2206. For details of their services, log on to http://talleyproperties.com/.

Why Hire Talley Properties?

If you have a home for rent in and around Charlotte NC, there are a number of good reasons to hire a professional property management company. This is particularly so in the present period, when the housing market is in recovery in the aftermath of the economic meltdown. Rental prices are buoyant while home values remain cautious. But then again if you are going to hire a professional property management service, you need to hire the best. You want to make sure you obtain optimal returns from the investment in your rental home, and that it is well cared for.

Spectacular Depth and Experience

Talley Properties is an icon in Charlotte real estate with three decades of property management experience backing them. Operating out of Charlotte, the company manages properties in most of the large surrounding towns and cities including Belmont, Gastonia, Harrisburg, and Mount Holly to name a few. No property management company can do as much for you as Talley Properties. Click on http://talleyproperties.com/ to see how far afield the company has gone and where they operate. Their reach speaks for their expertise.

Basic Reasoning

There are several good and sparkling reasons for you to hire Talley Properties to manage your property investment, especially if you lack the time or expertise in the field. Day-to-day management of residential or commercial real estate can be taxing and challenging. Here’s how Talley Properties can benefit you:

  • Market your rental property so vacancies are minimized and income optimized. Talley Properties knows the local rental market, what the going rate is for comparable properties, and what tenants would be prepared to pay for your property. With its marketing skills Talley Properties can reach out to prospective renters and has a nose for bad renters.
  • Can maintain your property in peak condition at all times. They have the experience in handling and coordinating routine and also emergency repairs. They can identify and tackle a situation well in time before it becomes a major problem, saving you a sizeable chunk of change later.
  • Deal with rental agreements and negotiate the best prices.
  • Track tenant deposits and collecting rent.
  • Comply with local, state, and federal laws.
  • Respond promptly to tenant requests and handle problem, stubborn, and/or lazy tenants.

 

Steady Professional Service

Talley Properties is committed to providing you the best property management services at all times so you are relieved of the responsibility and assured of maximum returns on your apartment or home for rent.

A Property Manager’s Guide to Tenant Control in Residential Buildings

An inevitable part of owning real estate is the necessity to interact with tenants and handle the problems that often arise. While such interaction is an integral part of a property manager job, an experienced property manager would have developed several methods to control tenants diplomatically.
Controlling Your Emotions
Keeping tenants under amiable control provides a more congenial environment which makes the premises more attractive to potential tenants. Successful property management involves an effective level of control without being overly authoritative.
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Property managers have the responsibility of collecting the rent from tenants on time. A sterling property management rule is to ensure that the rent is paid on the day mentioned in the lease agreement. Sticking to this rule ensures there are no misunderstandings and the tenant knows what is expected.
Respecting Property
Another responsibility of a property manager is to ensure that tenants respect their rental homes and apartments, something that’s not always easy to enforce. This way the manager makes certain that unnecessary repairs are avoided which is a cost savings to the owner.
Respecting Others
Peaceful surroundings are critical for which tenants must respect their neighbors. The manager has to set out rules which define how neighboring tenants should interact with each other and also to respect quiet hours.
One serious issue which often arises is keeping control of the noise level, especially in rental condos. This is an issue a property manager has to take seriously. The manager has no option but to exercise his/her authority should a tenant get out of line and become a nuisance to their neighbors. Some property managers adopt a policy of issuing a succession of warnings before resorting to action.

A Bane on Society and Communities

If a tenant is found to be a drug user the lease should be terminated the lease immediately. Drug users tend to have more than the normal amount of visitors and could possibly attempt to steal from their neighbors because they need to convert items into cash so they can support their addiction and curse. Character flaws which might not have been apparent initially might begin to appear. Drug users could become a nuisance to their neighbors apart from bringing the building and the property management company into disrepute. If a building does develop a bad reputation this is certainly going to be a deterrent to new tenants in the future.

A Rental Management Company for the Ages

Talley Properties is a long-established Charlotte, NC. property management company which is known for maintaining the highest standards in the property management field. The company with expertise in high-end residential and commercial property management has been providing full-service property management for over three decades now. The company has expanded considerably and now manages rental properties in all the surrounding counties. Talley Properties guarantees investors the best possible rental rates whether it is a home for rent or a vacation rental. The company is proud of its performance and its unswerving commitment to property owners who have reposed their faith in Talley Properties. If you are planning on investing in property in or around Charlotte, Talley Properties will be happy to assist in any way possible. The company focuses on excellence in service and forging enduring client relationships.

What does Talley Properties charge you for?

If you own a home or apartment for rent in or around Charlotte, NC and have handed the management to Talley Properties, you’ve made a good decision. This property management company has been in the business for over three decades and has established a reputation that other management companies aspire for. It relieves the property owner of the huge load of responsibility of day-to-day management and the problems that come with it. Landlords who have handed their rental homes to Talley Properties are assured of optimal occupancy at the best possible rental rate which provides an assured income on their investment. And they can rest easy knowing their properties are being well looked after.

Obviously this exemplary property management outsourcing service comes at a price. Here is an explanation of their fees.

Advertising Costs

Whether yours is a house or apartment for rent you have entrusted to Talley Properties, the firm still has to advertise your property to tenant or fill it. This means listing your property in newspapers or on property listing websites. You can expect advertising fees to be part of your management contract.

Property Management Fees

The management company undertakes the dutiesto screen and find suitable tenants, collects the rent, maintains the premises, evicts undesirable tenants, and generally looks to the everyday affairs connected with your property. For this it charges you a fixed commission which might be a fixed fee or a percentage of the rent you collect. Like most property management companies, Talley Properties has its own schedule of fees but is flexible in its outlook. Its fees are generally structured on the extent of services you need from them.

Maintenance Charges

Day to day maintenance is handled by the management company. This encompasses everything from plumbing and electrical repairs, heating system maintenance, cleaning and similar varied chores that pop up, sometimes unannounced, with any property. These charges depend on the extent of work done and are itemized and included in their monthly bill. Maintenance on a large home for rent might be quite a significant part of the monthly bill.

Lease Up and Lease Renewal Fees

Fees relating to the lease agreement and renewal of the tenant agreement are payable by the landlord and will be charged as and when the expenses are incurred. A finder’s fee might be charged if a new tenant is to be found.

Talley Properties is arguably the most dependable and dynamic property management company in Charlotte. The company also manages apartments and homes for rent as far afield as Davidson and Waxhaw. Check them out at http://talleyproperties.com/ or call them at 704.332.2206 to discuss their fee structure

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