Many real estate investors don't realize the tremendous amount of support they could receive from partnering with an Arlington property management company.
A full-service property management company doesn't take away from a property owner's income. We also don't take over any ownership of your rental properties. The right property manager comes alongside you to understand your financial goals and help your investments generate more income for you.
It's common for investors in the Arlington, WA area to feel overwhelmed by the amount of work required to maintain profitable investment properties. However, there's no need to continue feeling burdened by the workload of a rental property to enjoy the income and other benefits of owning real estate investments.
Partnering with a professional Arlington property management team is the best way to find the support you need to realize the success you want from our area's rental market. How does Real Property Associates support property investors? We do everything you need to find high-quality renters, maintain your properties, and make more money. Here's how.
The Right Rental Rate Leads to More Profit
It's easy to set the wrong rental rate for a rental property—yet many property owners don't realize the rate isn't right until they've lost significant cash flow from an investment property.
The wrong rate is either too high or too low. Either situation means you lose money until you adjust the rate based on what makes the best financial sense for your rental and the market. Renters in Arlington, WA, know better than to overpay for a rental home.
You'll struggle to find a renter if the price is too high, and you'll lose money every month if the rent is too low. That's where full-service property management steps in to serve property owners.
We Use Analysis to Set the Right Price
The right Arlington property management company has the research and expertise to set the right rental price every time—for every property in your portfolio. There's not a one-size-fits-all rental rate for all of your properties. With the right insights and rental analysis, every property will generate a profit with an ideal rental rate!
The monthly rent for a property should:
- Provide enough income to cover property expenses
- Leave you with some profit every month
- Attract the right renters to your property
- Adjust as market conditions and demand change.
Your property manager keeps an eye on the market—even after setting the initial rate for a property.
When it's time to renew a lease or find a new renter, the best property management services support investors by adjusting the monthly rent price if the analysis calls for it. We always keep an eye on your bottom line while managing relationships with renters when it makes sense to apply a rate increase.
Better Renters Boost Your Bottom Line
With the right rental rate in place, your property manager markets your property to find the best renters. The wrong residents can be an expensive problem for investors. With expert insight and a thorough screening process, your Arlington property management company keeps an eye out for 'Professional Tenants' to protect your properties and incomes.
If you've struggled with bad residents, you know they can make it difficult to enjoy being a rental property owner. Every investor deals with a bad renter at some point—but it can damage your income to settle for renter after renter that causes problems, refuses to pay the rent on time, or leaves you with costly property damage when they move out.
Screening Makes the Difference
Many investors fail to dig deep enough into a potential renter's background to uncover red flags that should warn them away from allowing a renter into their Arlington, WA rental property. Plenty of 'Professional Tenants' and troublesome renters put false information on their applications and hope property owners never do the research to find out.
Applying a thorough screening process helps investors avoid bad renters. When your property manager researches a potential applicant, they minimize the risks for your properties and income.
Our screening process includes:
- Past rental history (including evictions, late payments, or defaults)
- Credit history
- Criminal background
- Employment and income verification
- Reference checks.
With the information that comes from these reports, we learn just about everything we need to know about a person before we consider allowing them into your property. We also follow the law to protect an applicant's private information and avoid discriminatory practices when choosing the best renters for investors.
If a renter isn't the right fit, we won't approve them for your property. We'll never pick someone to live in your rental that doesn't meet your criteria and pass our screening process with flying colors!
Growing Your Portfolio Is Easier With Support
When Arlington, WA investors experience the benefits of working with a local property manager, they often want more!
- More income
- More properties
- More tax benefits
- More long-term wealth.
If you started with one or two investment properties and thought that was all you could (or wanted) to do as an investor, you might change your mind when you see what expert Arlington property management services can do for your cash flow and long-term financial goals.
Growing your real estate portfolio is easy when you have the right partner supporting your current properties and income! We already have the tools in place to take on each new property that fits your plans and portfolio.
Not every investor wants more—but you don't need to be afraid to try! We apply the same proven experience, processes, and quality of service in every situation—whether you own one rental property or have your eyes on multiple properties and more wealth.
For every property, we handle everything, including:
- Rental analysis and setting the ideal monthly rent amount
- Professional marketing
- Renter screening
- Leasing and renewals
- Maintenance and repairs, including 24/7 availability for emergencies
- Scheduled property inspections
- Financial reporting
- Dealing with difficult residents (if needed).
We also help investors find and evaluate new rental properties. Remember, we're your partner! The best partners help investors choose the right properties—and avoid investing in properties that aren't a good match for their portfolios.
We aren't looking for more work to do. We're looking to create more success for you! Trying to make a lousy investment work is too much work and wasted effort—for you and us.
The best way to create more of your success is to help you find properties with excellent potential, then manage them to profitability. If you like passive real estate income and want more of it, choosing the best Arlington property management firm is the best way to do it!
Support Your Investment Success With Real Property Associates
We're on your team! If you're ready to find better renters, make more money from your current investments, or add more properties (and long-term wealth), we're here for you.
The Real Property Associates team loves supporting investors in the Arlington rental market. We help investors evaluate properties and make more money with our renter screening process and expert property management services. We work hard to navigate the challenges of owning rental properties in this area while exceeding your expectations!
Not every Arlington property management company has the local experience and expertise to support your investing goals! If you're ready for more (with less work to get it), contact us to learn more about how our rental strategy, market knowledge, and extensive resources can boost your success.
