No Gimmicks
Property Visits
Leasing Fees
Nearly all property management companies charge a fee of some sort when they lease your property. Those that don’t just roll the charge in elsewhere. In the past, commission paid to the real estate agent who brings the tenant was paid out of this Leasing Fee. Now, many are charging it to the property owner as an additional expense. It’s another way to increase revenue without increasing management fees.
Inflated Rent Rates
One of the most common phrases we hear when speaking with a prospective client is “[insert company name here] said they could get [$50-$200] more than your estimate.” I have no doubt these other companies are suggesting inflated rent rates simply to sign a client. You want the most you can get for your property, we fully understand that. But, you’ve made two or three extra mortgage payments because it was priced too high. Now, it’s six to twelve weeks later and you’re without a renter and reducing the price to what we initially estimated.
Self Showings
Pressure Sales Tactics
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Uncontrollable (and Unethical) Guarantees
Discounts
Instant Rental Valuation
Communication