Owning investment properties is a fantastic way to build your financial wealth or bring in an extra passive income. However—just as it is with any business venture—there are potential hassles that can make the job tiresome. From the many maintenance calls to the marketing of empty properties, owning investment properties can have its pros and cons.
When you secure Charleston property management services, you take a big load off of your mind. Property management services are a critical component in ensuring you actually achieve success in the endeavor to grow your portfolio, and expert services can streamline the entire process. Let’s look at what type of aid you can expect to get when you partner with an expert provider of Charleston property management services.
Maintaining the value of your properties is extremely important! You want to make sure that you’re not only getting your monthly rental income on a routine basis; you also want your properties to stay in pristine shape. That way, if you ever decide to sell the home in the future or swap it for a more profitable investment property, you will be ahead financially. These properties have short-term value as well as long-term value—but only if you keep them properly maintained. That's exactly where Charleston property management services come in to save the day!
When you secure the skills of an expert property manager local to Charleston, you can be assured that your property maintenance issues will be handled promptly and with the utmost professionalism.
The right property management services providers, such as Charleston Property Company, keep licensed and insured specialists on hand 24/7. So, you won’t have to deal with any hassles:
Charleston property management services provided by the right professionals not only manage these situations for you, but they also make sure you never need to hear about it if you prefer a hands-off approach. You can find comfort in knowing your properties are being well taken care of.
In addition to ongoing maintenance that is crucial while a tenant is living in your home, you also need to have scheduled inspections on move-in and move-out day. The former readies the house for your new renters, and includes a review of crucial components such as the:
Depending on the skill of your property manager, you'll receive a detailed report about the results once the inspection is completed. Expert property managers who provide Charleston property management services always make sure to capture a physical record of inspections.
After the tenant moves out, you’ll have another inspection to compare to the first to see if any damages were incurred on the property. A written inspection report, even as the bare minimum, is handy to have to protect your property and also to ensure everything is operational.
Bringing in the right tenants to your home is instrumental in your peace of mind. A tenant can make or break an investment opportunity.
In addition to any of these issues, the worst thing a bad tenant can do is damage your home. Sometimes, they can damage it because they’re careless or too rough. Other times, they don’t let you know when things need to be repaired (or they might not even know), so a minor repair turns into a full-blown replacement. Whatever the case may be, when a bad tenant is in one of your properties, eviction is inevitable—which is an added step you don’t need.
No one who goes into the rental investment property business does so if they think their property is going to sit empty. Whether you’re just starting with renting your properties or someone moves out and they're back on the market, you want to make sure that your property stays filled. This can be a full-time job—which is why having a property management company in Charleston who is familiar with the market is a wise move.
As an added touch, we help you get the right price for your home by doing a detailed, competitive market analysis. Many times, property investors lose money because they price their homes too high (no one rents) or too low (loss every month); we're here to help you get to the best competitive rate.
You don’t have to be a licensed CPA to own investment properties as long as you have Charleston property management services working for you! With all the income and expenses coming in and going out, there is a lot of paperwork to handle. You need to make sure that you have proper documentation of everything, so that tax time will be a breeze.
It’s best to leave this to the professionals! Some of the services you can expect us to complete for you include:
Don’t fret about all the numbers; just turn your paperwork headaches over to the pros by partnering with the experts in Charleston property management services! You can breathe a sigh of relief when you do.
Legal proceedings may be rare, but you need to be ready for them just in case. The best way to get ahead of any legal issues is to have experts on hand.
Charleston Property Company handles legal problems and issues concerning evictions. We tackle the necessary “Quit” notices and provide tenants with the appropriate time to move out. If that doesn’t happen, then we file all the paperwork to start the eviction proceedings—so you won’t need to worry about anything.
Discover the ease of owning property investments when you work with an expert Charleston property management services provider! For more information about moving forward with a management company or for a free market analysis for your home, get in touch with us today!
If you are very good at maintenance, or like being more hands on, you always have the option of taking care of the maintenance of your property on your own. In our experience, most people who attempt to be the maintenance man, or even the supervisor end up with more down time, a lot of personal involvement, and more money out of pocket. If maintenance is your expertise, go for it… otherwise we suggest you leave it to the experts. If you do your own maintenance, we strongly encourage you to use a Home Warranty Company.
Charleston is the oldest and second-largest city in the southeastern State of South Carolina, the county seat of Charleston County, and the principal city in the Charleston–North Charleston–Summerville Metropolitan Statistical Area. The city lies just south of the geographical midpoint of South Carolina's coastline and is located on Charleston Harbor, an inlet of the Atlantic Ocean formed by the confluence of the Ashley and Cooper rivers.
Founded in 1670 as Charles Towne in honor of King Charles II of England, Charleston adopted its present name in 1783. It moved to its present location on Oyster Point in 1680 from a location on the west bank of the Ashley River known as Albemarle Point. By 1690, Charles Towne was the fifth largest city in North America, and it remained among the ten largest cities in the United States through the 1840 census. With a 2010 census population of 120,080, current trends put Charleston as the fastest-growing municipality in South Carolina. The Charleston Metropolitan area, comprising Berkeley, Charleston and Dorchester counties, population was counted by the 2012 estimate at 697,439 – the second largest in the state – and the 78th-largest metropolitan statistical area in the United States.
Known for its rich history, well-preserved architecture, distinguished restaurants, and mannerly people, Charleston has received a large number of accolades, including "America's Most Friendly" by Travel + Leisure in 2011 and in 2013 by Condé Nast Traveler, and also "the most polite and hospitable city in America" by Southern Living magazine. Source From Wikipedia