Property Managment with Excellence

Property Management

Since 2007, we have been helping our clients make the most of their real estate investments. Our goal? To protect your investment long term by finding and keeping great tenants, being up to date with State land-lord tenant laws and staying of top of maintenance needs before they become big problems. We specialize in boutique-style management, implementing your specific needs and requests to create a personalized management plan for each of your properties.

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Maintenance

The maintenance rate is $45-$55 per hour or the professional fee. For larger jobs, we will provide you with a bid per job. For our owners, we will not perform any repairs larger than $150 unless we get your approval first. For liability purposes GAP recommends using only licensed and bonded contractors, however, we understand that some maintenance issues may not justify such expense, such as fixing leaking faucets or running toilets. We seek your direction on this. In cases where licensed professionals such as plumbers and electricians are required, GAP will hire a professional company to accomplish this work. The cost of their work will be deducted from the next rent received for that property.

Inspections

GAP makes periodic interior and exterior inspections to make sure the tenant is maintaining the property. For the first year we inspect every 6 months. We will inspect the interior of the property to identify repairs needed or potential problem areas to address with the tenant. We document the condition of the unit photographically and store photos on your online owners’ portal. At this time we also check smoke alarms, change furnace filters (if provided), etc. Interior inspections are charged at $75 per inspection. After first year inspections are annual. It is a State mandate that inspections be done annually so if owners choose not to have us inspect we will need such direction provided in writing.

Our Property Management Services Include:

What Is a Property Management Service?

A lot of people are excited to enter the real estate market as investors. It’s an enticing venture to be able to own a home and make passive income each month just be renting it out to a tenant! With Airbnb, this potential is maximized. Suddenly, you’re able to charge a premium for people to rent your property on a daily or weekly basis, giving you the chance to earn even more from your property.

However, more tenants also means more hassle. When you have people coming in and out of your property on a daily or weekly basis, that means a lot more of your time spent checking in on the property and making sure that everything is in good standing. It also means taking your own time to repair any issues and address all the problems. Before you know it, you are chasing after tenants about lost belongings, damages, and extra charges they need to pay.

It can quickly begin to drain you of all energy by eating away at your free time. Your lucrative property has turned into an absolute nightmare and you’re about ready to throw in the towel. Ever been there? Do you feel like you’re soon to reach that point? Before you give up on your property, you need to consider an alternative to quitting: hiring someone to help.

The fact is, most landlords run into this problem at some point or another. Whether they are managing multiple long-term rentals or especially short-term rentals, they find that managing all their tenants can quickly become too much of a hassle. No matter how good of money the property may be making, they simply don’t have enough time in the day (or enough hair on their head) to want to put up with it any longer.

That’s when many people choose to quit being landlords all together. But, some others take a different route and look into property management services. The difference? Those who throw in the towel lose their extra income. Those who choose to work with a property manager are able to sustain their extra income, and the only thing they’ll be missing is having to answer calls from aggravated tenants in the middle of the night!

With a property management service, you are able to enjoy all the financial benefits of owning and renting out property without having to put up with the actual management aspects. That’s because an airbnb property management service will take care of things for you. The one offered by GAP Property Management will include everything under the sun to ensure that you can kick back and enjoy your extra income without wanting to rip your hair out due to tenants’ little issues.

With GAP Property Management, you get to continue enjoying the fun parts of being a landlord (like your collecting your paychecks) while professional property managers take care of everything else, like answering questions, cleaning up between guests, and getting everything ready for your next arrival. This keeps your Airbnb running smoothly while you are enjoying spending your extra income, all without having to worry about the little (or big!) issues tenants can cause.

Information on Property Management

Property Management Service - Why Should You Hire Them Instead of Hiring a Caretaker?

Property Management Service – Why Should You Hire Them Instead of Hiring a Caretaker?

In this article, you can get some key points on property management services that help to compare with an independent caretaker. With this article, you can also come to conclusion whether to hire an independent caretaker or to hire a company when it comes to real estate property management.

Afford the Cost

If you are hiring an independent caretaker, you might save a lot of money for the wages but you tend to buy tools for the caretaker to undertake the property. Since the caretaker will be working as individual not for a company, there is no one who can purchase necessary things to undertake the property that you need. With property management services you can avail the necessary tools for free of cost. Even Though you will be spending more every month but you don’t need to spend thousands of dollars at once which would be beneficial part from hiring management services.

When Should You Hire a Property Management Services?

There are number of things that can happen, if you are going to hire someone who will be taking care of your real estate properties. You can be assured, if you are hiring a property management service that can protect and cover all your property. There are few more companies who offer insurance for all the service they provide and they also offer great piece of mind while allowing them to work on your properties. With this fact, we need to consider spending additional expense to get better quality services from a company.

Expertise in Handling the Property

An independent caretaker can apply without having experience in taking care of real estate properties. It would be very hard to find out whether a person can really take up the project and maintain the property. With the property management company, you can ensure that you will get the quality services from the best company and they might have follow some rules and regulation so that your property will have the best attention that it needs in order to maintain its value and keep the business on top.

Importance Of Hiring An Expert Property Management Consultant!

Importance Of Hiring An Expert Property Management Consultant!

If you have a vacant property and you want to use it as a holiday home for tourists, then you can get the help of a holiday property management service provider. Letting your holiday home is a difficult task, but with the help of a company or professional service provider, you can make it possible. You can let your home to the tourists for many reasons such as for making profits or to cover the cost of maintenance for your property. Hiring the services of a management advisor will help you to find out right clients through the online websites and also prepare your property for a comfortable living for the guests.

With the help of a property management professional, you can make your home really works for you as the property manager will take care of everything from choosing coloring scheme to the legal formalities. The property manager will find right clients for your holiday home and work on your property throughout the year to make profits on your behalf. The rent manager will decorate the interior of your home and design the furniture and rooms to make it beautiful and attractive for the tourists.

Hiring the services of a holiday property manager will enable you to post ads for your home and also make bookings for your property and update them timely. He will also show your holiday home to the tourists and give them the brief description of the property and also try to convince them for choosing it to stay during the vacation period. The property manager will also make improvements in your building if required and also recommend you for furnishing it. For any legal formalities or bookings, you do not need to communicate with the tenants because your manager will talk and complete all the necessary formalities and documentation before handover your home to the guests.

For hiring the services of holiday property management consultation from a professional company you also need to pay the commission to the consultant on the amount of booking for your rent. A professional consultant will charge commission according to the market rates, but you will get the full return on the commission paid because the consultant will upgrade your holiday home with more creative ideas and strategies. The property management consultant can also organize a small event at your holiday home for the guests and enable them to make the full use of their vacation period.

The management consultant will not only make your home ready for the tourists for spending quality time there, but he will also update you with guest feedback. The manager will also suggest you for updating of the exterior and interior of the property to make it more comfortable and beautiful. It is for sure that hiring an experienced and certified management consultant will always help you to make your holiday home the best place to stay for the guests and also help you to enjoy more returns on your precise investment.

Benefits of a Property Management Company

Benefits of a Property Management Company

Some might think that hiring a property management is just not worth effort, and go to the extreme of saying it is just not worth the effort. While it is true for people who are managing their own assests to say so, it is different for others who don’t reside in the same vicinity as the assets they own. This article throws light on the beneficial aspects of property

  • Representation: If you are landlord, a professional management company will represent you in your absence to fulfill the required procedures on your behalf. This will be a buffer between you and the tenant and you would not be required to invest your time and effort. Tenancy management needs consistent follow-up to see that not only the rent is received on time but the assets is well taken care of and maintained properly.
  • Setting the right rent: You have chosen the property manager because of his local knowledge and the right kind of information he posses. This will ensure that you do not set the rent lower than what actually the assets deserves, nor high to deter potential clients. A high rent will actually make the property sit idle for a long time, this will only result in loss of income for a month. An efficient property manager will set the right rent and will make all possible efforts to let your property to the right people at the right price.
  • Professional promotion of property: A good property manager will understand all the avenues to promote the assets properly both online and offline. He will use of combination of promotional activities to attract the right tenant. In India, the property manager gets paid only when the property is let out, hence it is in the interest of everybody to rent out the property at the earliest.
  • Screening the tenant: A good property manager will be able to advice you about the kind of client your property should attract. They will help you screen the clients who come looking for your assets, and help choose the tenants who will take good care of the assets and pay the rent on time. Also they will vacate without issues when on the expiration of the “Leave and License’ agreement.