At Red Umbrella, one of our most valuable a la carte services is tenant acquisition. As Maryland’s premiere property management company, we will work hand-in hand-with you to make sure that vacancies are filled in a timely fashion by the types of tenants that you want to be renting to. This personal and unique collaboration guarantees the most efficient and smooth care for you and your property.
Marketing and Advertising Your Property
Before we can screen any potential tenants, we need to find them! Red Umbrella’s marketing and advertising can help to attract the right type of tenants into your property. We understand that quality tenants are crucial, and less than stellar tenants can cause lots of headaches before, during, and after their stay. Aside from tenant screening, your advertising and marketing can be targeted through our use of different websites and advertising mediums including printed advertisements, signs, and phone numbers your prospective tenants can call for more property information.
Setting the Right Rent
As mentioned in our a la carte services, we help with tenant acquisition and setting the appropriate rent for the area. We can also help with setting rent as part of your month to month tenant management services. If rent is too high, apartments can exist for extended periods without occupants and give you a low occupancy rate and a low bank balance. On the other hand, rent that is too low cheats you of the money you need to provide your tenants with around the clock excellent customer service, maintenance, and amenities. We will survey local and comparable properties to come up with the right figure for your property.
We constantly survey local rates and examine rental properties similar to yours to ensure that your property has a rent reflecting both of those. We know that every day your rent is too high, your property sits empty with no rental income. We also know that if the rent is too low, the property will be occupied but you will be losing money every day it sits occupied. Setting the right rent means that your property will be occupied and making you money throughout the lease.
Contract and Lease Administration
Once you find the perfect tenants for you and they pass a screening, we can take care of all aspects of the contract or lease signing for you. Including, the collection of the deposit, pet addendums, move in inspections and photo documentation. By delegating this task to us, you ensure that you get the lease properly signed, on time, without having to be part of endless phone conversations or email chains.
Once Tenants Are Acquired, We Help Retain Them
Beyond the initial acquisition of tenants, it is crucial to retain them. If you have quality tenants that stay year after year, you barely even need to worry about tenant acquisition. By increasing the tenancy periods at your property, you will have lower turnover, a steadier stream of income, and tenants that you love.
With Red Umbrella’s extensive network of affiliated and trusted contractors and vendors, we work as a team to provide innovative solutions that help our clients simplify their day to day lives. We believe that creating long-lasting, trust-based relationships with our clients, our business affiliates and each other will lead to superior outcomes and mutual success.
When the many stresses of property and home management rain down, Red Umbrella always has you covered! Contact us today!