Property Management

As the owner of a rental property, you know how important it is to maintain effective property management. A single bad resident can harm wreck the revenue stream for your entire property, and an unoccupied room can bleed money for months on end. You need a trained expert to keep a sharp eye on your property, but very few people know how to effectively do so, even among experienced property managers. If you’re wondering whether you need to look into overhauling your property management systems, here are some questions you should be asking yourself.

What’s Your Occupancy Rate?

An unoccupied apartment is more than just lost revenue; it’s actively costing you money in the form of property taxes. In order to stay afloat, you need to keep all your properties full or close to full at all times, which can be tricky given how quickly modern resident will move from place to place. If you don’t seem to be able to keep your places rented out, it might be time to look into collaborating with a property management consultant in order to figure out exactly where the problem is, and how to fix it.

Are You Hitting the Right Price Point?

Setting the right rental price is an extremely delicate game. Too high, and no one will rent the place. Too low, and you’ll be losing money (not to mention attracting undesirable resident). It takes a great deal of market knowledge and research to figure out the perfect price point at any given moment in time, and you’ll want to talk to a property management expert to figure out what your rents should be.

At Occupancy Solutions, we know how hard it is to be a landlord. That’s why we have a team of qualified experts ready to help you with your property management solutions. Contact us today and let us figure out a plan for your property!